posted October 26, 2023
First City Monument Bank (FCMB) has received the Nigeria Agribusiness Investment Award 2023 for its contributions to transforming agricultural finance and supporting efforts to combat hunger and poverty in Nigeria. This recognition by Feed the Future Nigeria, a part of the U.S. Government’s Global Hunger & Food Security Initiative, is a testament to FCMB’s innovative and impactful partnership in the agricultural sector.
FCMB’s Managing Director, Mrs. Yemisi Edun, expressed her pride in receiving this award and emphasized the importance of responsible investment in agriculture. The recognition highlights FCMB’s dedication to enhancing Nigeria’s agricultural value chain.
“We are immensely proud to receive this recognition. This award emphasizes the importance of responsible investment in agriculture and reaffirms our commitment to transforming Nigeria’s agriculture value chain. “
Kudzai Gumunyu, the Divisional Head of Agribusiness and Non-Oil Exports at FCMB, emphasized the potential of innovative financing models in agriculture and their role in shaping a brighter future for agribusiness in Nigeria.
“Our partnership with Feed the Future Nigeria demonstrates the potential of innovative financing models in agriculture. We believe that responsible persuasion and creative solutions can lead to a brighter future for agribusiness in Nigeria, stated Kudzai Gumunyu, Divisional Head of Agribusiness and Non-Oil Exports at FCMB.
The partnership between FCMB and Feed the Future Nigeria has focused on five key value chains—rice, maize, soybean, cowpea, and aquaculture—across seven strategic regions in Nigeria.
This partnership acknowledges the significance of smallholder farmers and micro, small, and medium enterprises (MSMEs) as essential components of the agribusiness ecosystem. It prioritizes capacity-building to equip these stakeholders with the tools and knowledge needed to access financing and financial services, ultimately contributing to the sustainable development of Nigeria’s agriculture sector.