CBN Partners Unity Bank on cotton seeds distribution to grow economy

In accordance to reviving the agricultural sector and the economy, the Central Bank of Nigeria (CBN), Unity Bank Plc and the National Cotton Association of Nigeria (NACOTAN) have partnered on the flagg-off distribution of seeds/inputs supplies to cotton farmers for the 2019 planting  season nationwide.

The partnership is in line with the commitment to grow the economy through the revival of agricultural sector.

The distribution of cotton input supplies to farmers  is part of the Anchor Borrowers Programme, an  Agricultural Development  finance initiative of the CBN operated as an on-lending scheme with participating financial institutions  packaged to channel financing support to  beneficiaries  in the Agric sector.

Unity Bank’s partnership and collaboration with CBN in flagging off this year’s input supplies distribution to cotton farmers to support wet season farming is in recognition of the Bank’s established pivotal footprints in Agriculture which has been well acclaimed in various awards received by the Bank, such as the Presidential award at the third anniversary of ABP, CBN award on sustainable transaction in Agriculture, among others.

According to Unity Bank’s Executive Director, Corporate Planning & Compliance,  Usman Abdulqadir, said CBN is partnering Unity Bank on account of the lender’s strong participation in the Anchor Borrowers Programme aimed at  rebuilding  customers confidence, alleviating poverty through food and cash crops production to make Nigeria self-sufficient in food and diversifying the economy.