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News flash: Ecobank Opens Up Agric Financing Scheme; Sets To Host Nigeria’s Biggest Agric-Business And Food Summit
News flash
Ecobank Opens Up Agric Financing Scheme; Sets To Host Nigeria’s Biggest Agric-Business And Food Summit
Lagos, January 07, 2020 – Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank is set to organise Nigeria’s Biggest Agribusiness And Food Summit in February 2020. The Agribusiness summit is part of its determination to further showcase the potentials in the agricultural sector of the nation’s economy in partnership with Vanguard newspapers, The Economic Forum Series and Nigeria Agribusiness Group (NABG).
The summit with the theme: Unlocking productivity and investment opportunities across the Agribusiness value chain is scheduled for February 13, 2020 at the Grand Banquet Hall, Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos.
Head, Agribusiness, Ecobank Nigeria, Mojisola Oguntoyinbo, said the summit is part of the bank’s continuous contribution to the growth and development of the agriculture sector of the nation’s economy. According to her, a pool of notable thought leaders and industry experts have been assembled to address key and current issues in the agricultural space as it relates to current economic developments and participants will also be given the opportunity to exhibit their products and services within the agriculture value chain.
“This maiden edition of the Ecobank Agribusiness Summit is to stimulate discussions, examine critically the opportunities with the intent of unlocking the growth potentials in the entire value chain of the agric sector. The full day event will include keynote speakers, panel discussion sessions and exhibition of Agro and Agro-allied products where marketplace experience will be created for buyers and sellers to interact and make sales. Between 400 to 450 companies, regulators and other stake holders in Agric-business are expected to attend and participate at the event. This will create opportunity for networking among the industry players.” She noted.
Further, Mrs Oguntoyibo noted that the Summit would amongst other things examine the potential impact of agriculture technology investment in fixing low productivity in Nigeria’s food production; how government policy, laws and regulatory framework can drive effective public private partnership; evaluate existing traditional agriculture finance models in Nigeria and the role and impact of technology enabled commodity exchange trading across the agriculture value chain, and the role of developmental partners and international agencies in driving funding and investments across the agriculture value chain.
Jude Ndu Co-Founder, the Economic Forum Series and Director, Vanguard Conferences says ‘we are delighted to be partnering with Ecobank Nigeria on the conceptualisation, strategy and execution of this high profile event in line with the Central Bank of Nigeria (CBN) agriculture policy and the Economic Recovery and Growth Plan (ERGP) of the federal Government. As a media organisation, this is our own way of contributing to the growth prospect of the sector through audience engagement by bringing together critical stakeholders to discuss solutions to the issues of low productivity and investment opportunities across Nigeria’s agricultural value chain’.
Notable participants at the summit include the Honourable Minister of Agriculture & Rural Development, Federal Republic of Nigeria, Alhaji Sabo Nanono as Special Guest of Honour, Dr Andrew S Nevin, Chief Economist and Partner, Financial Services Sector, PwC as Keynote Speaker. Other speakers and Panelists are Patrick Akinwuntan MD/CEO Ecobank Nigeria, Abdulhameed Aliyu MD/CEO NIRSAL, Mr Emmanuel Ijewere Vice President Nigeria Agribusiness Group (NABG), Ayodeji Balogun, Country CEO AFEX Commodities Exchange amongst others.
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About Ecobank Nigeria
Ecobank Nigeria Limited is a subsidiary of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 15,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking licence in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan.
About The Economic Forum Series by Vanguard
A conceptual, thought leadership, strategic media and brand communications business platform of vanguard Media publishers of vanguard newspapers with the primary objective of broadening and deepening conversations, proffering and offering intelligent solutions through audience and stakeholder engagements of senior level decision makers around thematic areas, issues and trends affecting the growth, development and transformation across industry segments and different economic sectors.
For further information, please visit www.ecobank.com

News
Fidelity Bank Advances Financial Inclusion in Kebbi as Community Celebrates New Branch Launch
Residents of Kamba in Dandi Local Government Area of Kebbi State have welcomed the opening of a new branch of Fidelity Bank Plc, describing it as a major milestone that will ease long-standing financial and logistics challenges faced by farmers, small-scale traders and individuals in the community.
The Chairman of Dandi Local Government Council, Dr. Mansur Isah-Kamba, described the branch as a welcome relief after years of limited access to formal banking services. Represented by the Council Secretary, Alhaji Abdulkadir Muhammad, Isah-Kamba noted that residents – including over 83 traditional rulers on the local government payroll—previously travelled long distances to Birnin Kebbi for routine banking transactions.
“With the opening of this branch in our locality, the stress, cost and time associated with banking outside the community will be significantly reduced,” he said. He also commended Fidelity Bank for its foresight and commitment to supporting farmers and small and medium-scale enterprises (SMEs).
On his part, the Sarkin Shikon of Kamba, Alhaji Mahmoud Zarumai-Fana, described farming as the primary occupation in the area will help improve commercial activities.
“Our people are predominantly farmers. Access to financial services will help them improve productivity and livelihoods. Farmers need support such as pumping machines, fertilisers, and pesticides, and proximity to banking services will make it easier to save, access loans, and participate in agricultural intervention programmes,” he said.

L-R: District Head, Kyangakwai, Alhaji Suleiman Musa; Former Speaker, Kebbi State House of Assembly, Mr Isma’ila Abdulmumuni Kamba; District Head, Kamba (Sarkin Shikon Kamba), Mamuda Zarummai; Council Secretary, Dandi Local Government, Kebbi State, Alhaji Abdulkadir Muhammad; and Regional Bank Head, North-West Zone 2, Fidelity Bank Plc, Mr Muhammad Lawal-Ahijo; at the official commissioning of the new Fidelity Bank Plc branch in Kamba, Dandi Local Government Area, Kebbi State recently.
Speaking at the official inauguration ceremony, Regional Bank Head, North‑West Region, Fidelity Bank Plc, Mr. Muhammad Lawal‑Ahijo, highlighted the bank’s commitment to expanding financial access and supporting economic growth across Nigeria.
“Our decision to establish this branch is rooted in our belief that every community deserves access to reliable financial services that enable people to grow, businesses to thrive, and local economies to prosper. Kamba is a thriving agricultural community, and the decision to open a branch here is a strategic investment in the future of its farmers, traders, and households. While the infrastructure is for the bank, this branch belongs to the community. We encourage residents to take ownership by fully utilising the services available.” Lawal-Ahijo said.
He further noted the bank’s overall dedication to empowering informal sector workers and small and medium-scale enterprises (SMEs), adding, “Our goal is to bring banking closer to the people and support farmers, SMEs and households with accessible financial services that drive sustainable growth.”
In his remarks, a member of the Kebbi State House of Assembly representing Dandi Constituency, Dr. Abubakar Suleiman-Fana, said the new branch marked a significant step toward strengthening financial inclusion in rural communities.
“This is a milestone for our constituency. Financial inclusion is critical to rural development, and farmers, traders, and youths must take advantage of this opportunity to grow their businesses and improve their economic well-being,” he said.
Residents also expressed delight about the impact the new branch will have on their daily lives. A petty trader, Mrs. Hassana Abubakar, said she previously had to close her shop whenever she travelled to Birnin Kebbi for banking transactions.
“Now I can do my banking here without losing a whole day’s business. This will help my shop grow,” she said.
The opening of the Fidelity Bank branch in Kamba underscores the bank’s ongoing commitment to advancing financial inclusion, supporting rural economies and empowering farmers and small businesses across Nigeria.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.
Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
News
State Police Has Come To Stay – IGP Tunji Disu Declares
Newly sworn-in Inspector-General of Police (IGP) Tunji Disu has declared that the establishment of state police in Nigeria has come to stay.
Speaking to reporters on the committee for state police implementation after his official swearing-in by President Bola Tinubu at the Presidential Villa in Abuja, Disu emphasized that the Nigeria Police Force (NPF) is not opposed to the initiative but views it as a critical partnership to strengthen national security.
JomogNews had reported that President Bola Tinubu recently asked Nigerian senators to expedite action to enact a law for the establishment of state police.
Speaking on Wednesday, the new IGP said, “From the angle of the Nigerian Police, we don’t want it to seem as if others are taking decisions, and we, the most important people concerned, didn’t do anything.
“We want to ensure that the best thing is done. The police should be able to contribute and do their own part in making it succeed.
“The police are not afraid. Our jobs are not being taken; it’s just an issue of partnership.”
News
140 Missing After U.S. Submarine Sinks Iranian Frigate Off Sri Lanka
About 140 people are missing after an Iranian Navy frigate IRIS Dena sank in the Indian Ocean approximately 40 nautical miles (74 km) south of Galle, Sri Lanka, after being struck by a torpedo from a United States Navy submarine.
The Sri Lankan navy says around 180 people were on board, with 32 rescued.
A spokesman tells the BBC the cause of the sinking is not known.
Sri Lanka’s navy has confirmed that it’s rescued 32 people after it received a distress call from Iranian navy ship ‘IRIS Dena’ early this morning, March 4.
Budhika Sampath, the spokesman of Sri Lanka’s navy says: “Though it was beyond our waters, it was within our search and rescue region. So we were obliged to respond as per international obligations.”
He adds: “We found people floating on the water, rescued them, and later when we inquired we found that those people are from an Iranian ship.”
He also says that according to the documentation of the ship 180 people are believed to have been on board, although the exact number of missing is unknown.
The spokesman says at the time of launching the rescue operations they did not see the vessel but saw oil patches on the water and floating life rafts.
He also tells the BBC that he rejects the reports of a submarine attack causing the sinking, and that the cause is unknown.
So far, Sri Lanka’s military has not been able to confirm what might have caused the ship to sink.
Israel launched a fresh wave of strikes across the region, with several people reportedly killed in attacks on Lebanon that the IDF says were targeting Hezbollah operatives and facilities
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