Latest news

FCMB Links Value-Chain Coordination To Improved Food Security


Stakeholders across Nigeria’s agriculture sector have called for stronger coordination across the value chain to improve productivity and food security at the BusinessDay Future of Agriculture Conference held in Lagos.

The conference, themed: “From Seed to Feed: Strengthening Agricultural Inputs for Food Security,” brought together policymakers, agribusiness operators, financial institutions, and development partners.

They discussed constraints in input systems, financing, and infrastructure. Participants included Lagos State Commissioner for Agriculture and Food Systems, Abisola Olusanya, who represented Governor Babajide Sanwo-Olu; Special Adviser on Agriculture and Food Systems, Oluwarotimi Fashola; Chief Executive Officer of Babban Gona, Kola Masha; and Group Chief Executive Officer of AFEX, Ayodeji Balogun, who delivered a keynote on improving farmers’ access to quality inputs to boost food production.

During a panel session at the conference, Kudzai Gumunyu, Divisional Head, Agribusiness and Non-Oil Export at First City Monument Bank (FCMB), said financial institutions have a central role in supporting Nigeria’s largely smallholder-driven agricultural sector.

“With smallholder farmers accounting for nearly 90% of Nigeria’s agricultural production, the focus must be on building inclusive financing models that address their unique realities. This means strengthening risk mitigation frameworks through structured guarantees and partnerships that de-risk lending while ensuring farmers have access to the capital they need to grow.” He said a structured, valuechain-led approach would improve outcomes. This would benefit production, aggregation, and market access.



Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...