According to a statement released on Thursday, the
partnership supported by USAID Feed the Future Nigeria Rural Resilience Activity,
will deliver funding and capacity-building support to smallholder farmers and
vulnerable people living in the conflict-affected states of Adamawa, Borno,
Gombe and Yobe.
Speaking during the Memorandum of Understanding signing
ceremony on Wednesday, in Lagos, the Managing Director of FCMB, Mrs Yemisi
Edun, expressed appreciation to Mercy Corps and other partners for confidence
in the bank’s capability to drive the initiative.
She said, “We are delighted to play another crucial role in
developing our local communities and society at large. This partnership will
significantly improve the living standards of farmers and other vulnerable
people by boosting food sufficiency and reducing poverty. It will also
de-escalate insecurity in the North-East. All of these align with FCMB’s
commitment to creating opportunities for individuals and businesses to attain
their growth potential.”
Also speaking, the Country Director of Mercy Corps Nigeria,
Mr Ndubisi Anyanwu, said, “We are extremely proud to be supporting initiatives
that drive recovery and increase investment in North-East Nigeria. Mercy Corps
has been working in the nexus as an Agency, implementing several programmes
that aim to sustainably transition people in conflict-affected areas out of
humanitarian assistance to recovery through development.”
The Chief of Party, Feed the Future Nigeria Rural Resilience
Activity, Mrs Margarita Aswani, said, “We are delighted that this partnership
will enable FCMB to adapt its loan products and offerings to fit the context in
North-East Nigeria. It will empower farmers, small ruminant producers, and
microenterprise owners to grow their businesses and increase yields.
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