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We funded agribusiness projects with N33bn, says Fidelity Bank

Fidelity Bank Plc has said that if funded agribusiness projects with over N32.7bn in 2019.

It also said that it would continue to develop the capacity of small and medium businesses in the non-oil exports sector.

A statement from the bank revealed that it provided the credits to businesses operating in strategic sectors of the economy including rice, dairy, poultry, oil palm and cocoa.

It stated that it planned to host the 11th and 12th editions of its export management programme, targeted at building capacity for participants in the international non-oil export markets.

The statement said the session would cover topics including export documentation, selection and implementation of supply chain management for exports, application of export development business processes among others.

The Managing Director, Fidelity Bank, Mrs Nneka Onyeali-Ikpe, said that the bank introduced the EMP in 2016 to bridge the knowledge gap in the export business locally and to help participants compete effectively in the global export market.

She said, “Given the success, we have recorded in the course of the programme and following the yearnings of potential participants, we decided to host an edition of the training in Kano for those who are unable to attend the session in Lagos.

“The benefits of supporting the non-oil sector of the economy cannot be overemphasised given the immense benefits that it provides to the economy and the nation in terms of providing much needed foreign exchange investments, increasing our gross domestic product and employment generation.

“This informs our decision to host the EMP regularly and we enjoin interested entrepreneurs to take advantage of this initiative to take their business to the next level,” Onyeali-Ikpe added.


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