Union Bank boasts a long-standing track record in the agricultural sector and has since risen to become one of the top 5 agricultural financiers in Nigeria, highlighting the sector’s great potential for future expansion and innovation.
The bank targets key value chains in rice, poultry, dairy, cassava, maize, and soybean, among others, and aims to provide tailor-made funding and technical support to the different actors along each of the selected value chains.
The funding from AATIF will support Union Bank’s expansion and outreach to Nigerian agri-businesses. The expected impact is linked to the development and deployment of innovative agri-product offerings and an increase in funding directed to agricultural businesses. This is expected to further contribute to the growth of the competitive food and agricultural sector in Nigeria that is fully aligned with national priorities including improved food security, increased agricultural production, and local food processing.
AATIF’s facility will also be accompanied by technical assistance support to improve efficiency and accelerate impact within the sector.
This article was originally published by: Samawati Capital Partners