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CSRWire - Sharing Voices from our Partners: Field Officer Awards in West Africa and the Middle East

CSRWire - Sharing Voices from our Partners: Field Officer Awards in West Africa and the Middle East
csrwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from csrwire.com Daily Mail and Mail on Sunday newspapers.

Outgrower Programmes and Fortunes of Smallholder Farmers in Nigeria: Role of financial institutions

FCMB boosts agribusiness with N74 10bn Loans

…represents 10 percent of total loan portfolio First City Monument Bank (FCMB) has grown its loan portfolio to the agriculture sector in Nigeria to N74.10 billion, representing 10 percent of the Bank’s total loans. This figure is one of the highest in the banking industry. The feat, which was achieved in December 2020, is a signal that the deliberate strategy and sustained support of the lender to agribusiness are yielding the desired results and that the Bank’s deployment approach has been widely appreciated. It also represents another milestone and bold step by the Bank to further expand and deepen its support to agribusiness, its value-chain and the overall growth of the Nigerian economy.

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