Nigeria’s Unity Bank Plc has said it will give extra subsidizing to no less than 120,000 smallholder maize farmers in Nigeria in the 2021 wet season farming in Nigeria.
Tomi Somefun, managing director/chief executive officer, disclosed this while conveying a goodwill message at the divulging of the First National Maize Pyramids and banner off of wet season cultivating programs held over the course of the end of the week in Katsina.
As a significant partner in the carry out of the CBN’s Anchor Borrowers Program (ABP), Unity Bank Plc was welcome to partake in the occasions denoting the uncovering by the Maize Association of Nigeria, MAAN.
Addressed by head, agribusiness, Unity Bank Plc, Patricia Chinwe Ahunanya, Somefun said the extra financing for 2021 wet season farming is “in advancement to the Bank’s responsibility towards supporting maize farmers” in the country.
She expressed that the partnership with the Maize Association of Nigeria initiated in 2019 with the financing of around 37,182 smallholder farmers, with the Bank expanding its financing count to 70,604 smallholder farmers in 2020.
Remarking on the maize pyramid, Somefun expressed that “The maize Pyramids will stand out forever as the principal maize pyramid in Nigeria which exhibits the strength of our farmers as well as the admirable vision of the Federal Government of Nigeria through the executing accomplices. This ought to be duplicated in all states with an emphasis on the harvests that enjoy near benefit.”
She noticed that with farming offering more than 26% to Nigeria’s Gross Domestic Product, and utilizing around 50% of Nigeria’s functioning populace in the rustic regions, the Bank will keep on making vital interests into the sector in accordance with the Federal Government’s mission to achieve food adequacy, broaden the economy away from oil, make occupations for the young and decrease destitution.
She added: “Unity Bank is fully committed to its partnership with MAAN and this commitment will ensure the attainment of FGN/CBN target to meeting self-sufficiency in Maize production through the Association”.
Additionally, the public leader of MAAN, Abubakar Bello praised Unity Bank for its continued help to the farmers through its essential part in giving the vital financing to the maize farmers.
He said: “We cannot appreciate enough our financing partners, especially Unity Bank. Today we have over 50,000 bags of maize in this pyramid, which will contribute significantly to Nigeria’s strategic grain reserves. This could not have been possible without the financing made possible by these partners. We commend them for this role and remain grateful.”
He stated the commitment of the association to keep on gathering the financing commitments and support the drive for expanded maize yield in the 2021 wet season cultivating.
Unity Bank as of late got comparable acclamation from Rice Farmers Association of Nigeria, RIFAN over the Bank’s essential job in offering the vital help to the relationship to investigate the chances given by the Central Bank of Nigeria, CBN’s Anchor Borrowers’ Program.
RIFAN specially lauded Mrs. Somefun for her initiative and doggedness in supporting the rice farmers through the Anchor Borrowers’ Program, which is assuming a basic part in Nigeria’s mission to accomplish independence in rice production.