Access Bank Reaffirms Support of Federal Government’s Agriculture Initiatives

Access Bank Nigeria Plc, has restated its readiness to support the Federal Government’s efforts in diversification of the economy, especially in the agricultural sector.

This was made known by the Group Managing Director/Chief Executive Officer Access Bank Plc, Herbert Wigwe in a message posted from his Twitter handle @HerbertOWigwe.

As our nation desires to diversify its economy, agriculture has become the new focus of government and the private sector and as such, Access Bank Plc is well positioned to provide necessary support in this sector”.

Wigwe advised Nigerians to take advantage of the various incentives in the financial system that support agriculture, stressing that agricultural intervention schemes from the Central Bank of Nigeria (CBN) and some other facilities come at single-digit interest rates, as such Access Bank is ready to help customers access any of the agricultural intervention schemes.

According to him, some of the schemes include Commercial Agriculture Credit Scheme (CACS), Micro, Small and Medium Enterprise Development Fund (MSMEDF), Non-Oil Export Stimulation Fund (ESF) and Anchor Borrower Programme (ABP).

“Our bank also participates in other agricultural schemes, such as Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL), Agricultural Credit Guarantee Scheme Funds (ACGSF).

We indeed provide funding for all agricultural activities along the entire value chain”, he said.

When asked why he chose Twitter to express his line of thinking, the bank’s helmsman responded that he wanted to give an engaged audience the opportunity to share their thoughts and join the conversation on how everyone can join to move Nigeria forward.

                                                                                     Culled from: Nigerian Tribune, 02 August, 2016.