Nigerian first generation bank, Keystone Bank on Thursday said it has approved the sum of N734m through the Central Bank of Nigeria (CBN) CACs Programme to the Nigerian Farmers Group and Cooperative Society (NFGCS) to support agricultural value chain in Nigeria.
This came hours after the Central Bank of Nigeria (CBN) through its Director of Development, Mr Yusus Yila, announced the approval of N432 billion to support farmers for the 2020 planting season.
Akinsanmi Falaki, Divisional Head, North and Public Sector Directorate, Keystone Bank Plc, confirmed the approval during a final inspection tour to the NFGCS’s farm settlement in Ga’ate, Nasarawa State.
During the visit, he noted that the bank was also committed to increasing the loan offer based on established value and structures, which greatly exceeded their expectations.
According to him, “this is my third visit to a farm in my entire life but I have never seen anything like this considering the size of the infrastructures here.”
He said, “Unlike others, here you have a farming community where the key actors live in the farm to monitor the day to day operations of the farm.
“We have found a good partner in you and this has to do with the value you can bring on the table for mutual benefit and will continue to work closely with you to increase the relationship we have built overtime”, he added.
