First City Monument Bank has introduced an enhanced agro-commodity trade finance facility for agribusiness operators. The development marks another bold step by the bank to expand and deepen its support to the agricultural sector, its value-chain and the overall growth of the Nigerian economy.
Explaining the rationale behind the introduction of the facility in an enhanced form, the Divisional Head, Agribusiness of FCMB, Kudzai Gumunyu, said the bank recognises the gap that exists in agribusiness financing as well as other challenges faced by operators, including farmers, in the sector. He assured that FCMB is focused on being a strategic partner in the agric sector to drive the diversification of the Nigerian economy, food self-sufficiency, employment and export earnings.