Posted by Adaora Anozie

On May 9, 2016

The Chief Executive Officer of Union Bank, Emeka Enuwa has noted that agriculture remains the only vital tool through which the country’s economy can survive the current depletion of the foreign exchange rates.

In this stead, Enuwa noted that the bank will continue to provide agricultural finance to rural farmers in the country.  Adding that as a member of the African Rural Agricultural credit Association (AFRACA), the bank remains committed to providing rural finance in Nigeria.

He said this in Abuja during a two–day workshop organized by AFRACA with the topic: “Catalyzing the Diversification of the Nigerian Economy through effective Agricultural finance.”

“At Union Bank, we shall continue to provide credit to the agricultural sector and we encourage the other banks to do the same.

“We remain committed to driving investment in the agricultural sector as an active member of AFRACA and we urge all participants to align with AFRACA’s vision of a rural Africa, where people have access to sustainable financial services for economic development,” he said.