Sterling Bank seeks collaboration to transform agriculture

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

This year’ s summit will seek to enable
collaboration between stakeholders to help
identify and deliver actionable steps to
revolutionise Nigeria ’ s and sub – Saharan Africa’s
agri- business industries for sustained long- term
growth after the pandemic ,” it stated.
The Executive Director , Corporate and Investment
Banking, Sterling Bank , Yemi Odubiyi , said that
this year’s edition of the summit would be online
and physical , due to the prevailing COVID – 19
pandemic and the need to adhere to health
management protocols laid down by authorities.
Odubiyi said the event was part of the bank ’s
commitment to the critical sectors of the Nigerian
economy under its well – thought- out and impact –
based HEART initiative .
He said, “ Agriculture is one of the five sectors the
bank is concentrating investment in . The other
sectors are health, education, renewable energy
and transportation .”
The executive director added that the physical
studios will be stationed in Abuja and Lagos for
selected persons – speakers and panellists , and
participants were required to register online via
the summit ’s official website .
Also speaking, the Group Head , Agric and Solid
Mineral Finance for the bank , Bukola Awosanya ,
explained that aside financing opportunities for
stakeholders , the bank would also use the summit
to facilitate conversations around key areas in the
sector.
She said , “ The ongoing global pandemic has caused
job losses across various sectors of the Nigerian
economy – agribusiness inclusive .
“ With these job losses have come a drop in overall
productivity and capacity for effective demand .
“ The
control measures put in place to curb the spread
of the virus in the country , such as restricted
movement across key states and border closures
have also contributed to slow growth in the
agribusiness sector by resulting in inaccessibility of
inputs and raw materials key for production .”
She said these, among others, were pertinent issues
that could further reduce productivity in the
agribusiness sector, if not quickly addressed . ”


Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *