Sterling Bank Nigeria Plc says it has entered into a partnership with Mercy Corps to train more than 90, 000 farmers on better agricultural practices to improve output and grow the sector.
In a statement on Monday titled ‘Sterling Bank partners Mercy Corps, to train 90, 000 rural farmers’, it said this was part of efforts to improve agriculture in Nigeria.
It stated that the programme tagged, ‘Feed the future Nigeria rural resilience activity is a five-year programme funded by United States Agency for International Development, under the USAID’s Feed the Future Project.
Giving details of the intervention during the official signing of the Memorandum of Understanding which held virtually, the Group Head, Agriculture, and Solid Mineral Finance, Sterling Bank, Bukola Awosanya, said the partnership with Mercy Corps Nigeria was in tandem with the financial institution’s commitment to the economic recovery of the country as recession and food inflation bit harder.
Awosanya said Sterling Bank, which had consistently worked to stimulate the growth of Nigeria’s economy for six decades, understood that working with relevant stakeholders was critical and, therefore, was at the heart of the bank’s professional service and interventionist policies.
She said, “Our commitment to critical sectors: health, education, agriculture, renewable energy and transportation has brought together our collaboration with Mercy Corps Nigeria.
“We are excited about how this programme will impact not only agribusiness in the country but also the lives of the beneficiaries.
“Agriculture is pivotal to our strategy as a financial institution. It had been clear to us before now that Nigeria will only prosper when we place priority on core areas of our national life.
“We have remained faithful to this strategy for years and this MOU represents an expression of our faith in the agribusiness value chain as well as its place in economic recovery and development.”
The Country Director, Mercy Corps Nigeria, Ndubuisi Anyanwu, said the USAID’s ‘Feed the future Nigeria rural resilience activity’ became necessary, considering the need to support critical sectors and stakeholders in parts of Nigeria as the international organisation had done in other countries of the world.
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