By; PETER NOSAKHARE, Kaduna
Heritage Bank Plc, has said that it would widen and deepen its resolve to support agricultural business value chain to fast track food security and sufficiency in the country.
The Managing Director and Chief Executive Officer of the bank, Mr. Ifie Sekibo who disclosed this in Lagos recently, stated that in a bid to support food sufficiency, Heritage Bank would not relent in boosting the agriculture base of the nation and making farming profitable and attractive to stakeholders and youths.
He affirmed that the bank would focus on supporting agriculture via financing farmers to purchase modern equipment and deploy new agricultural technology that will bring about transformative development in the sector.
According to him, the bank would support the drive for cash crop commodities that would boost the nation’s foreign exchange earnings in line with President Muhammadu Buhari’s administration’s commitment, given the dangers the continuous reliance on imported food items poses to its efforts to create jobs as well as develop and diversify the economy.
The bank’s Group Head, Agriculture Finance, Mr. Olugbenga Awe, also revealed the bank’s commitment to the development of agriculture business and Small and Medium Enterprises (SMEs).
“Our support cuts across the entire value chain with focus on large corporates and small holder farmers. We encourage value addition and ultimately exports,” he said.
He however, noted that the bank’s support goes beyond food sufficiency to increasing cash crop commodities that would boost Nigeria’s foreign exchange earnings.
He hinted that Heritage Bank is effectively tackling the bottlenecks since it has long identified the opportunities in agriculture business, thereby offering solutions to ease the doing of business in the sector.