To reiterate its commitment towards developing the agricultural sector, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Group, has concluded plans to sponsor the Alternative Agriculture Equipment Trade Show organised by Developing Markets Associates (DMA).

The company said the sponsorship draws from the Federal Government’s renewed drive to mechanise its agricultural sector. According to the organisers, the event, which will hold virtually on Friday, 26 March 2021, promises to provide participants the opportunity of accessing the United Kingdom’s most competitively-priced agricultural equipment on a digital platform.

DMA is a UK-based trade and investment company that acts as a connecter between the UK and key emerging markets. The firm is organising the trade show to tap into the Nigerian government’s plans for a large-scale mechanised agriculture sector. The interactive trade expo will serve as a springboard to project affordable UK agricultural equipment to the Nigeria market.

Stanbic IBTC said the sponsorship underscores its commitment to help drive the transformation of the agricultural sector for sustainable growth and development. Wole Oshin, Head, Agribusiness, Stanbic IBTC Bank, said;

“Stanbic IBTC Bank is deeply committed to the development of the agricultural sector, because we believe it is pivotal to the nation’s economic growth. We have significant investments in the sector in the form of research, transactional products and credit facilities. We are currently working with several stakeholders within the sector across Nigeria, and we will continue to support initiatives such as this to help drive a sustainable agricultural sector.”

He added that the financial institution’s long-term goal is to help increase crop yield, build capacity, create wealth, reduce poverty and promote bi-lateral collaborations in agriculture equipment and technology development.

The expo will feature a selection of UK agriculture equipment sellers, re-sellers and manufacturing companies from across the agriculture value chain. These exhibitors will be showcasing their products, technology and services to stakeholders in the country’s agriculture sector.

Participants will have the opportunity to gain access to chat room discussions with sellers and buyers and a direct connection with key stakeholders.

Stanbic IBTC Bank assures of its unwavering support in the agricultural sector through innovative initiatives as well as its bouquet of Agric-tailored products that cater for its clients’ various transactional, working capital and equipment finance needs, amongst others.