17 July 2017

Nigeria: Jaiz Bank Keys Into Economic Revival of Borno

Maiduguri — JAIZ Bank has keyed into the economic reconstruction process of insurgency-ravaged Borno state with a partnership programme to assist 5,000 farmers to achieve bountiful agricultural production.

The assistance to the 5,000 farmers is the first in the series of phases that ate expected to be launched in due course to produce 20,000 thousand "or even more, depending on the state government's ambition", the Managing Director/CEO of the bank announced to newsmen after his meeting with Governor Kashim Shettima in Maiduguri yesterday.

"Maiduguri is known to be one of the centres where many of the agricultural commodities we export come from," Mallam Usman recalled, saying that gum Arabic and sesame seeds used to be some of such commodities Maiduguri I'd known to export.

"So, in essence, one of the major areas we will support the state government is through our various programmes like Hanco Borrowers and Input Providers to put a large population of smallholder farmers through by providing them with the required seeds, fertilizer and other inputs.

" The plan of the state government is for us to start with five thousand farmers, who it wants to empower at this initial phase of the programme; the state government is ambitious so that once it achieves it purpose with the 5,000 it will continue in a sustained and improved process, to power up to 20,000 and even more farmers," Mallam Usman said.

The Managing g director said they were restricting the number of farmers to 5,000 at the initial phase because taking more than this number would be more challenging in terms of the capacity for management an coordination of the programme as well as the capacity for the farmers to imbibe and understand modern techniques of farming for the multiplication of agricultural productivity.

"So we are here to explore areas of helping Governor Kashim Shettima to resuscitate the state economy, in reciprocation of the state's enviable patronage to us since we opened our fourth in the line of our branches in the country since we opened it in 2013," he said.

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