Access Bank Plc has invested over N200 billion in over 10,000 agribusinesses, across SmallHolder Farms (SHFs) as part of its effort to boost sustainable agricultural business and attract global investments.
The Executive Director, Commercial Banking, Access Bank, Ms Hadiza Ambursa, who disclosed this in Lagos, said that the move aimed at improving value for its customers and stakeholders is in line with the Central Bank of Nigeria’s (CBN) directive to banks to enhance the agric desk.
She added that Small and Medium Enterprises (SMEs), organised farmer associations cooperatives, and corporates are also financed under various bank product and government schemes.
The executive director said that the support for these projects has had impacts, such as an increase in food security, job creation, growth in customers’ businesses and increased revenue.
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Ambursa stated that with a steadfast commitment to sustainable agricultural business and strategic stakeholders’ partnerships, the bank is steering the nation and continent toward greater self-sufficiency and global prominence.
According to her, the bank provides tailored financial solutions that address the unique challenges faced by farmers, agribusinesses and other stakeholders in the value chain with the value addition services.
She mentioned that the bank’s agriculture desk has a seamless and simplified process for the accessibility of the service.
“The desk’s impressive track record has been built on partnerships with key stakeholders, including government agencies, international organisations and industry associations.
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