• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent’s Food Security
    Ghana & Nigeria to Improve Cross-Border Trade
    Tanzania Seeks to Reach New Record Cashew Production by 2025
    Nestle Nigeria Capitalized Rural Women to enable Financial Capacity and boosting Standard of Living
    World Trade Organization published…Trade plays an Important facet in Access to Medical, Goods and Services
    African Development Bank Group President Calls for More Partnerships to Build Africa’s Social Infrastructure
    Ghana, Key Stakeholders: Sign a Renewable Energy Agreement Worth US$69.88 Million to Improve Access and Socio-Economic Development
    Africa Development Bank Approves $1.5 Billion Facility to Counter Food Crisis on the Continent
    Sh32 Billion of Phase 2 of Second Container Terminal of the Kenya Ports Authority at the Port of Mombasa is finished off and…commissioning in June of 2022
    Africa Green Growth Readiness Assessment: Reveals Africa Growing Political Commitment to Green Growth, Report

    Nigeria’s Unity Bank Plc pledged to subsidize 120,000 Maize Agriculturalist

    Posted On 18 May 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 14

    By Abdul Rahman Bangura–

    Photo Credit: Deposit photos

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Unity Bank Plc has promised to provide additional funding to about 120,000 smallholder maize farmers in the 2021 wet season farming in the country.

    Mrs. Tomi Somefun – The Managing Director and Chief Executive Officer Unity Bank Plc published a goodwill statement at the unveiling of the first National Maize Pyramids and flag-off of wet season farming programmes held over the weekend in Katsina.

    Exemplified by the Head of Agribusiness, Unity Bank Plc, Mrs. Patricia Chinwe Ahunanya, Somefun asserted the extra funding for 2021 wet season husbandry is in tandem with to the bank’s obligation towards supporting maize farmers in the country. She expressed that, the strategic alliance with the Maize Association of Nigeria begun in 2019 with the financing of about 37,182 smallholder farmers, with the bank boosting its financing tally to 70,604
    smallholder farmers in 2020.

    Speaking on the maize pyramid, Somefun noted that “the maize pyramids will go down in history as the first maize pyramid in Nigeria which demonstrates not only the resilience of our farmers but also the commendable vision of the Federal Government of Nigeria through the implementing partners. This should be replicated in all states with a focus on the crops that have comparative advantage.”

    “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,” she ensured.

    The national president of MAAN – Dr. Abubakar Bello, applauded Unity Bank for its ceaseless assistance to the growers through its strategic role in delivering the vital financing to the maize farmers.

    “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 said.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Orange offers Expertise to bolster the Progress of new Digital Services in Africa

    Next Story

    GoldStone Commences its Mining Operations in Ghana, Expecting Greater Production

    14 Comments

    1. Samuel May 18, 2021 at 1:28 pm Reply

      The Bangura beautiful report. Unity bank another Africa success story. Lagos in Nigeria. Samuel

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:46 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Henry May 18, 2021 at 1:30 pm Reply

      Great African Bank. I love their services. Abuja NIGERIA. Henry

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:46 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Calvin May 18, 2021 at 1:32 pm Reply

      Thank you for the report. Other Banks in our great Continent should emulate this Unity Bank.

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:46 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Vann May 18, 2021 at 1:34 pm Reply

      Thank you for my newsletters and you teams. Vann in Berlin, Germany

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:45 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Grace May 18, 2021 at 1:36 pm Reply

      Thank you for the news. You are the best. I love new Africa business news. Juba South Sudan. Grace

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:45 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Ahmed May 18, 2021 at 1:39 pm Reply

      Journalist Bangura. Journalist of the year award winner. You are a great independent Journalist. Thank you with your teams. Paris in France. Ahmed

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:45 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. David May 18, 2021 at 1:43 pm Reply

      We in the greatest and the best Continent Mother Afrika are in the right direction. Developments all over. Happy we are feeding ourselves and going to feed others. Love it. Cape town in South Africa, David

      • New Africa Business News, Staff Correspondent May 18, 2021 at 1:45 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent's Food Security

    Posted On 24 Jun 2022

    Ghana & Nigeria to Improve Cross-Border Trade

    Posted On 21 Jun 2022

    Tanzania Seeks to Reach New Record Cashew Production by 2025

    Posted On 16 Jun 2022

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Facebook

    Latest Posts

    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent's Food Security

    Ghana & Nigeria to Improve Cross-Border Trade

    Tanzania Seeks to Reach New Record Cashew Production by 2025

    Recent Posts

    • Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent’s Food Security
    • Ghana & Nigeria to Improve Cross-Border Trade
    • Tanzania Seeks to Reach New Record Cashew Production by 2025
    • Nestle Nigeria Capitalized Rural Women to enable Financial Capacity and boosting Standard of Living
    • World Trade Organization published…Trade plays an Important facet in Access to Medical, Goods and Services

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.