Sterling, Nestle, others to unlock $1trn at agric summit

Sterling Bank Plc has announced plans with Leadway Assurance, Nestle Nigeria Plc, and others for this year’s Agricultural Summit Africa (ASA) – the largest private sector-led conference on the agriculture sector in sub-Saharan Africa. This edition of the ASA will focus on how the agribusiness sector can further unlock value and accelerate growth and transform […]

Sterling Bank Plc has announced plans with Leadway Assurance, Nestle Nigeria Plc, and others for this year’s Agricultural Summit Africa (ASA) – the largest private sector-led conference on the agriculture sector in sub-Saharan Africa.

This edition of the ASA will focus on how the agribusiness sector can further unlock value and accelerate growth and transform Nigeria into a trillion-dollar economy.

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Group Head of Agric and Solid Minerals Finance at Sterling, Dr. Olushola Obikanye, made this announcement in a statement released by the bank.

He said ASA 2022 has the theme, ‘Engineering a Trillion Dollar Agricultural Economy’.

Obikanye said: “With our roster of esteemed partners, the value of a gathering like the ASA to the Nigerian agribusiness sector and economy becomes evident as the focus becomes stronger to make the most of the comparative advantages Nigeria has to help the country reach its potential”.

Dr Obikanye said the summit will, among other focus areas; deepen the conversation on Africa’s small-scale primary producers who make up more than 60% of Africa’s farming population and produce over 90% of our domestic output.

He reiterated the fact that Nigeria and Africa at large need to step up their import substitution drives by producing and sourcing locally at least 70 – 80% of the raw materials to revive industries and create jobs for our teeming populations.