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.
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