Niger State Inks ₦50b Agricultural Partnership With Union Bank

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News in brief:
Niger State and Union Bank have signed a ₦50 billion agreement to enhance the state’s agricultural sector, focusing on infrastructure, financial inclusion, value chain, and technology adoption.
– The collaboration is a crucial milestone for transforming the state into a leading agricultural hub, and emphasises the importance of public-private partnerships for economic growth.

Niger State government and Union Bank of Nigeria have joined forces to boost the state’s agricultural sector through a significant investment program.

Both parties recently signed a Memorandum of Understanding (MoU), outlining a ₦50 billion commitment aimed at transforming the state’s agricultural landscape, while securing a brighter future for Niger’s farming communities.

The partnership will focus on several key areas, including infrastructure development, financial inclusion, value chain enhancement and technology adoption.

Governor Abubakar Sani Bello of Niger State hailed the agreement as a ‘crucial milestone’ in the state’s agricultural development agenda. He emphasised the need for strong public-private partnerships to unlock the full potential of the sector and drive economic growth.

Speaking further, the governor remarked that the collaboration with the commercial bank represents a significant step forward in our quest to transform Niger into a leading agricultural hub. He said that by combining resources and expertise, the state can empower its farmers, while creating jobs, and ensuring food security.

Emeka Okafor, CEO of Union Bank, echoed the governor’s sentiments, stressing the bank’s commitment to supporting sustainable agricultural development initiatives. He said that the bank is passionate about empowering the agricultural sector and unlocking its immense potential.

Furthermore, he mentioned that the partnership with Niger State aligns perfectly with its strategic focus on supporting agribusinesses and driving inclusive economic growth.

Overall, the ₦50 billion investment is seen as a potent catalyst for boosting Niger state’s agricultural potential.

Joseph Akahome
Joseph Akahome
Joseph O Akahome (OJ) is a writer, with a Bachelor of Arts degree in English and Literature from the University of Benin. He is an avid agriculturist, with a bias for poultry and an insatiable appetite for chicken wings. When he is neither reading nor researching, he likes to spend recreational time playing board games, or swimming in serene forested lakes.

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