L
LequteMan
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Nigeria - Sterling bank has embarked on a mission to save Nigeria's agricultural sector and ensure the country's food security.
According to reports, Sterling bank seems to have prioritized the nation's agriculture sector its lending programme for the year 2015, with a 10 per cent projection for the sector.
According to the bank, it would increase the proportion of loans allocated to sector from the total loans earmarked for disbursement to various sectors of the economy from five per cent 10 per cent in 2015.
The bank will also be willing to partner with major stakeholders- both private and public in the sector to ensure that farmers begin to see agriculture more as a business.
According to the bank's Group Head, Agric Finance, Mrs. Bukola Awosanya, the five per cent allocated to the sector in 2014 was fully disbursed to the various sub-sectors across the value chain for the financing of projects nationwide.
She also said that the decision was informed by the need to provide adequate funding in alignment with the on-going reforms in the sector aimed at repositioning it as an attractive business proposition.
She pointed out that the sector is an input provider for the manufacturing sector and a key foreign exchange earner for the country.
#Nigeria #Sterling
According to reports, Sterling bank seems to have prioritized the nation's agriculture sector its lending programme for the year 2015, with a 10 per cent projection for the sector.
According to the bank, it would increase the proportion of loans allocated to sector from the total loans earmarked for disbursement to various sectors of the economy from five per cent 10 per cent in 2015.
The bank will also be willing to partner with major stakeholders- both private and public in the sector to ensure that farmers begin to see agriculture more as a business.
According to the bank's Group Head, Agric Finance, Mrs. Bukola Awosanya, the five per cent allocated to the sector in 2014 was fully disbursed to the various sub-sectors across the value chain for the financing of projects nationwide.
She also said that the decision was informed by the need to provide adequate funding in alignment with the on-going reforms in the sector aimed at repositioning it as an attractive business proposition.
She pointed out that the sector is an input provider for the manufacturing sector and a key foreign exchange earner for the country.
#Nigeria #Sterling
