The Alternative Bank Set to Boost Agriculture in Ogoniland

Nume Ekeghe

The Alternative Bank Limited has said that it is taking proactive steps to combat hunger and environmental distress in Ogoniland.

Teaming up with over 800 local farmers, the bank said it has launched the Agricultural Community Support Programme (ACSP) in Bori, Khana Local Government Area of Rivers State, in collaboration with Global Entrepreneurship City Limited.

At the inauguration ceremony, Group Head of Agricultural Finance and Solid Minerals, Gbenga Awe said ACSP’s mission is to fortify local farmers, address food security, and elevate livelihoods.

Represented by the Head of Structured Trade Finance, Mr Adelana Ogunjirin, he emphasised the Alternative Bank’s commitment to financial inclusion, having already provided over 800 farmers with bank accounts and ATM debit cards. Recognizing the impact of environmental pollution on the local population, the bank is extending agency banking services, bridging the financial gap between rural and urban areas.

Awe underscored the collaboration with Global Entrepreneurship City Limited, emphasizing an initial emphasis on cassava cultivation. “Our strategy is geared towards sustainability, creating jobs, and contributing to foreign exchange earnings,” he stated.

CEO of Global Entrepreneurship City Limited, Dr. Douglas Fabeke, addressed the project’s significance, outlining plans for a cassava processing factory and an agricultural research centre to empower Ogoni farmers. Despite challenges like a lack of start-up capital, the project aims to revive farming and fishing, crucial occupations hindered by years of neglect.

The Ogoni farmers, represented by Mrs. Mary Eko Joe, expressed heartfelt gratitude to The Alternative Bank for alleviating their struggles and supporting widows and orphans.