The
Divisional Head, Corporate Communications, Heritage Bank, Mr. Fela Ibidapo, was quoted in a statement as saying that the bank
would contribute towards the sustenance, growth and development of the nation’s
agricultural sector.
According
to him, the bank, in its determination to deliver on this promise, is currently
funding various agricultural projects in several states, especially Oyo, Kaduna
and Zamfara.
He
said Heritage Bank had entered into a partnership with the Oyo State government
to support the multi-billion Oyo State Agricultural Initiative, a programme
designed to revive agriculture, boost agro-allied businesses and empower the
youths and women across the state through the creation of thousands of jobs in
the sector. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
According
to him, the bank is also supporting an agro-investor, Triton Aqua Africa Limited, with a N2bn facility in collaboration
with the Central Bank of Nigeria
under the Commercial Agriculture Credit Scheme. It said the facility would
enable TAAL to set up a fishery production chain in Lagos, Oyo and Osun states.
Ibidapo
said the support to the agro-investor became imperative after research showed
that Nigerians consumed about 2.7 million metric tonnes of fish yearly compared
to the paltry 800,000 metric tonnes of fish produced locally every year.
According
to the statement, the country has had to rely on importation to augment the
shortfall with an estimated cost implication of about $700m yearly in foreign
exchange. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
He
said the partnership between Heritage Bank and TAAL would help reverse the
trend, adding that the firm would use the facility to expand its aquaculture
businesses by setting up a nursery/hatchery for the production of fingerlings
and brood stock as well as earthen ponds for catfish and tilapia in the three
states.
Under
the arrangement, TAAL is expected to assist small-scale farms in the three
states to increase their fish production by making fingerlings available to
them. In the short term, the loan is expected to help the group double its
current production capacity of 25,000 metric tonnes with a projection to scale
it up to 100,000 metric tonnes in five years.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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