First City Monument Bank (FCMB) has been honoured with the Nigeria Agribusiness Investment Award 2023 for its outstanding contribution to transforming agricultural finance and supporting the sustainable, long-term change needed to end chronic hunger and poverty in Nigeria. The award, presented by Feed the Future Nigeria, the U.S. Government’s Global Hunger & Food Security Initiative, celebrates innovative and impactful partnership with FCMB.
“We are immensely proud to receive this recognition. This award emphasises the importance of responsible investment in agriculture and reaffirms our commitment to transforming Nigeria’s agriculture value chain, “said Managing Director of First City Monument Bank, Mrs. Yemisi Edun.
“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 has focused on five key value chains – rice, maize, soybean, cowpea, and aquaculture – across seven strategic regions: Benue, Cross River, Delta, Ebonyi, Kaduna, Kebbi, and Niger. Recognising that smallholder farmers and micro, small, and medium enterprises (MSMEs) are the backbone of the agribusiness ecosystem, the partnership has prioritised capacity-building, equipping these vital stakeholders with the tools and knowledge they need to access the financing and financial services they deserve.
