Heritage Bank Plc has teamed up with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to provide financing for agribusinesses across the agricultural value chain. This partnership aims to support the entire process, from the production of raw materials to the processing and export of agricultural products.

Heritage Bank’s Managing Director, Ifie Sekibo, emphasized that this collaboration is crucial as it allows the bank to offer loans at low-interest rates to viable agricultural projects that have been fully de-risked. This move will help boost the agricultural sector by providing easier access to financing.

Sekibo also noted that the bank is set to revolutionize agriculture by engaging the digital generation in agribusiness and expanding their participation in the sector.

NIRSAL’s Managing Director, Aliyu Abdulhameed, expressed the agency’s commitment to working with Heritage Bank to create secure financing structures that will ensure the bank can lend confidently while safeguarding its financial position.