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Unity Bank promotes agric with N24bn loan to farmers

UNITY Bank has effectively keyed into various intervention fund by Federal Government and Central Bank of Nigeria (CBN) to boost Agriculture thus emerging as one of the leading players in the industry driving the intervention schemes.

The commitment of the bank towards participating in the on-lending schemes is borne out of Unity Bank’s belief in pursuing benefits of greater financial inclusion and reaching out to greater number of farmers all around Nigeria initially excluded with financial services, all of which is made possible by the Bank’s deep knowledge of rural economy.

Commenting on the development, the Head of Agribusiness at Unity Bank, Mr. Olugbenga Emmanuel Adelana, said: “it is understandable why the Unity Bank is making inroads and being reckoned with when it comes to disbursing the intervention funds. The key beneficiaries which the intervention programmes are designed for ply their agribusiness mostly in the rural areas and this is a space that Unity Bank has not shied away from”. “Unity Bank is therefore unleashing the strength of its business model and placing its structures at the disposal of the intervention schemes in its bid to support government’s key initiatives to drive the growth and transformation of Nigeria’s Agricultural economy”, he stated.

 

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