The Alternative Bank Limited has said it is taking proactive steps to combat hunger and environmental distress in Ogoniland.
Teaming up with over 800 local farmers, the bank, in a statement said it had launched the Agricultural Community Support Programme in Bori, Khana Local Government Area of Rivers State, in collaboration with Global Entrepreneurship City Limited.
According to a statement, a key focus is also on boosting foreign exchange earnings through the export of processed agricultural products
At the inauguration ceremony, the Group Head of Agricultural Finance and Solid Minerals, Gbenga Awe, said the initiative aimed to fortify local farmers, address food security, and elevate livelihoods.
Represented by the company’s Head of Structured Trade Finance, Adelana Ogunjirin, Awe emphasised The Alternative Bank’s commitment to financial inclusion, having already provided over 800 farmers with bank accounts and ATM debit cards.
He said, “Our strategy is geared towards sustainability, creating jobs, and contributing to foreign exchange earnings.”
The Chief Executive Officer of Global Entrepreneurship City Limited, Douglas Fabeke, outlined plans for a cassava processing factory and an agricultural research centre to empower Ogoni farmers.
He noted that despite challenges like lack of start-up capital, the project aimed to revive farming and fishing, crucial occupations hindered by years of neglect.
The Ogoni farmers, represented by Mary Joe, expressed gratitude to The Alternative Bank for alleviating their struggles and supporting widows and orphans.
