GMD/CEO of Access Bank Plc, Herbert Wigwe has restated the Bank’s capacity and desire to support the Federal Government’s efforts in diversification of the economy, especially in the agricultural sector.
In a message posted from his Twitter handle @HerbertOWigwe, he said, "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. He noted that agricultural intervention schemes from the Central Bank of Nigeria (CBN) and some of other facilities come at single-digit interest rates adding that Access Bank was 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.’
When asked why he chose Twitter to express his line of thinking, he responded that he wanted to give an engaged audience the opportunity to share their thoughts and join the conversation on how we can move Nigeria forward.