Sterling Bank Plc, in partnership with StearsData, has released an in-depth report for the agricultural sector in Nigeria.
The report, entitled ‘Agriculture Industry Report 2021,’ provides the most up-to-date view of the challenges and opportunities in Nigeria’s agricultural sector in a COVID-19 era.
The four-part report critically examines the country’s agricultural value chain state, state of affairs post-COVID-19, the climate change challenge and opportunities for innovations and investments.
Bukola Awosanya, Group Head of Agric Finance and Solid Mineral at Sterling Bank, said the industry report empowers players in the agriculture sector with a navigation roadmap. And affirms Sterling Bank’s commitment to de-risking and making the domestic agriculture value chain more viable for commercial lending.
“The goal of the report is to help investors and operators understand the challenges facing the sector, consider recommendations by experts and become aware of relevant opportunities both now and in the future. It would empower them to support policymakers to craft policies that would create the enabling environment that the sector needs to thrive,” Awosanya said.
According to the agricultural finance expert, the industry report is a continuum of the bank’s yearly Agriculture Summit Africa (ASA) held for three consecutive years since 2018.