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    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
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    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

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