First City Monument Bank (FCMB) has said that it is partnering United Nations Development Programme (UNDP) to support agribusiness in Nigeria.
These two institutions in collaboration with the Centre for Food and Research of Benue State University recently supported 25 early-stage agritechs that were winners at the grand finale of the 2022 Agrohack Challenge in Makurdi, Benue State, with funding.
Selected agritechs received varying amounts of funding to help them scale their businesses and develop innovative solutions that addressed challenges in the agriculture sector, ranging from N600,000 to N2.4 million.
The Managing Director of FCMB, Yemisi Edun, restated the commitment of the institution to supporting agritechs.
“As an institution fostering inclusive and sustainable growth in local communities across the country, we prioritize agriculture and are committed to supporting agritechs to build innovative solutions that will address the challenges in the sector and drive economic growth. We will continue to work with other stakeholders to improve agriculture and create a future of shared prosperity for Nigerians. We congratulate all the winners and look forward to working with them in their next growth phase.”