Stakeholders at 2021 ASA Summit Express Optimism over a Vibrant Agric Ecosystem

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Monday, September 27, 2021 / 6:42 PM / Ayomide Oguntoye for WebTV / Header Image Credit: WebTV

 

Stakeholders at the 2021 edition of Agriculture Summit Africa, which focused on the theme "Building the New Agro-Order', expressed their optimism that Nigeria can provide leadership in the region with a vibrant Agric-ecosystem.

 

Sterling Bank Plc sponsored the summit in collaboration with Leadway Assurance, Saro Africa, Thrive Agric, AFEX Commodities Exchange Limited, GIZ AFC, Mastercard Foundation, and Stears Data Arrangement held the fourth edition of Agriculture Summit Africa, ASA 2021 themed Building the New Agro-Order.

 

In his opening remarks, Chairman Sterling Bank Asue Igodalo described the Summit as a powerful advocacy platform to rebuild and transform the agriculture sector into a resilient growth driver.

 

He said the bank had taken the challenge of addressing the paradox of a fertile and prosperous nation in natural resources but is currently plagued with food scarcity and paucity of raw materials.

 

In the last three years, Sterling Bank has paid special attention to improving Nigeria's healthcare, education, agriculture, renewable energy, and transportation sectors.

 

Speaking further, he said that the heart of the Sterling Bank strategy is developing a robust and dynamic agriculture sector in the country.

 

Ighodalo stated that the Agriculture Summit Africa had become a significant part of suggesting policies to drive real inclusive economic growth in the region. This will enable job creation, achieve poverty reduction and boost manufacturing.

 

Group Managing Director of Saro Africa, Mr. Rasheed Sarumi, while delivering the keynote address at the Summit noted that stakeholders should begin to see their challenges as opportunities. 

 

He believed that Agriculture could rescue the economy by ensuring economic stability and growth as it sees notable transformation.

 

Rasheed Sarumi challenged the private sector to participate in the Agric sector through the injection of capital and innovation to catalyze economic activities.

 

He also emphasized the importance of policy clarity in attracting investments into the agri-business industry.

 

The Director, Advisory and Capital Markets, Afrexim Bank, Ibrahim Sagna, focused on the green-mile AfCFTA, trade and Africa agro-business sector to discuss policy framework and funding opportunities.

 

He also mentioned that upscaling enterprise with the AfCFTA technology should be a tool for developing robust platforms for deepening intra-African trade.

 

The Group Head, Africa and Solid Minerals Finance, Sterling Bank, Mrs. Bukola Awosanya, also noted the contributions of Sterling bank in the agricultural sector.

 

She described the sector as essential to the economy, resulting in the bank's intervention in providing structures for financing Agri-business value chains.

 

Awosanya also added that Sterling Bank, through its pace-setting financing of the sector, has encouraged other banks to participate in agri-financing.


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