Stanbic IBTC Receives Commendation for Sustaining Support for Agribusinesses

Sayed Farms Limited (SFL) has commended the Stanbic IBTC Bank for its sustained financial support to operators in the Nigerian agricultural sector.

The SFL, which is a producer and distributor of day-old-chicks and frozen poultry products across the country, said that the Stanbic IBTC Bank has tailor-made and innovative financing solutions that could spur farmers to achieve their business objectives.

It said that the bank’s agribusiness financing solutions are structured to support production, processing and logistics requirements across agricultural value chains.

A Director of SFL, Mr. Haissam Nawan, testified to how Stanbic IBTC Bank has aided the achievement of his business vision.  

Nawan said: “We have witnessed massive expansions, starting from dealing with broiler production only to diving into other aspects of poultry production, including the sale of frozen meat. Stanbic IBTC played a pivotal role in this growth.

“What sets Stanbic IBTC Bank apart is how they hold your hand through the growth process with proper guidance and financial structure. Indeed, they are your trusted strategic partner for growth.”  

Stanbic IBTC Bank offered credit facilities for agribusinesses that minimize risks, are versatile, and can be used for finance raw materials, vehicles and other logistic needs, and all forms of equipment.

The Head Commercial Clients Coverage at Stanbic IBTC Bank, Mr. Babatunde Akindele, reiterated the determination of the bank to continue to support the growth and development of the Nigerian agricultural sector.

Babatunde said: “Agriculture is pivotal to national growth, and its value chain house the goldmine for consumption and exportation. We will continue to ensure expansion in the sector through valuable partnerships such as we currently have with Sayed Farms.”

The Head, Agribusiness Stanbic IBTC Bank, Mr. Wole Oshin, said that agribusinesses are critical for sustainable development and job creation in the country.

According to Oshin, accelerating an inclusive agricultural sector would enhance a vibrant economy with extensive enterprise development.