With a focus on developing the agricultural sector, Raheem Akingbolu describes FirstBank’s current business and corporate social responsibility approach as a path to economic diversification.
In what looks like a helping hand towards lifting the government’s diversification plan, Firstbank has begun a move to develop various arms of Agricultural practice in Nigeria. Under its current Agricultural financing, the bank is trying to develop and boost production in the Agric sector.
Some of the offerings are designed to enable the bank’s valued farming customers to key into government incentive schemes such as the Commercial Agric Credit Scheme, the Agric Credit Guarantee Scheme, and others. To this end, it has rolled out other products offerings like the Industrial End-User Out grower’s Scheme, Guaranteed Fund Credit, and Agricultural Produce Finance to touch the lives of farmers among the banking public.
Culled from http://www.thisdaylive.com/articles/firstbank-s-targeted-approach-to-agric-financing/226933/