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NIGERIA: Ecobank Releases N70bn to Boost Agric Sector



NIGERIA: Ecobank Releases N70bn to Boost Agric Sector

Ecobank of Nigeria has disclosed intent to support and finance agricultural businesses with funds worth N70bn to the different agricultural value chains.

The Pan African Bank uncovered that the Bank is set to establish Nigeria Biggest Agribusiness and Food submit by February 2020 in partnership with Vanguard Newspaper.

The Bank stated that the programme is part of the efforts to develop the agricultural sector in Nigeria.

In a meeting organized by Ecobank tagged; “Unlocking Productivity and Investment Opportunities across Agribusiness Value Chain” held in Lagos, the Head of the Group, Nigeria Agribusiness Group (NABG) under Ecobank, Mrs. Mojisola Ogunyoyinbo stated that the programme is aimed at speeding agricultural growth and expansion in the Nation.

The Head of Nigeria Agribusiness Group said that the full version of the event will come up by February 2020 where many keynote speaker and stakeholders in the Agric industry and about 400 to 450 company regulators will be present at the upcoming programme, She further said that the event will contain exhibition of Agro and Agro-Allied products, also creation of market place for buyers and sellers to meet.

Mrs. Ogunyoyinbo noted that the summit will undersee the significance of agriculture technology investment and how it can positively affect the production rate of Nigerian Food.

The Vanguard Newspaper Conferences Director and founder Economic Forum Series, Mr. Jude Ndu on behalf of Vanguard said that they are glad to partner and work together with the bank on it NABG programme and also the Group was organized in correlation with Central Bank of Nigeria (CBN) Agriculture Policy and Economic Recovery and Growth Plan (ERGP).

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