The bank won the prestigious award at the New Telegraph 2021
Awards in recognition of its leadership position in delivering sterling
development and growth of the Agricultural sector and the Small and Medium
Enterprises.
Presenting the award to Sekibo, earlier in a letter to
congratulate him for his nomination as the Banker of the Year (SMEs &
Agric) of the year 2021, the Managing Director/Editor-in-Chief, Ayodele Aminu
explained, “after a thorough scrutiny of Heritage Bank’s laudable support for
Small and Medium Scale Enterprises (SMEs), as well the country’s agricultural
sector, in the last one year by our Panel of Judges and Editors, we at the New
Telegraph 2021 are pleased to award Heritage Bank, Banker of the Year (SMEs
& Agric).”
Receiving the award on behalf of the bank’s CEO, the
Executive Director, Jude Monye stated that the Bank was honoured and motivated
to do more for the sustainability and growth of the Agric and SME sectors
following the award received from New Telegraph newspaper.
“We are highly honoured to receive the award as the Banker
of the Year (SMEs & Agric) from the Board and Management of New Telegraph
Newspaper. This validates the hard work and success story of the bank to
create, preserve and transfer wealth across generations, as amongst other
sectors of the economy, we have continued to ensure our efforts to support the
Agric and SMEs sector in Nigeria counts.
Sekibo vowed that in line with its core mandate to create
and transfer generational wealth, the bank would continue to make farming
profitable to stakeholders and attractive to the youth, as Heritage Bank had
taken the front seat in financing critical agricultural projects in several
states in the country, especially in Oyo, Kaduna and Zamfara and recently in
Plateau Jos.
He noted that most of the ventures in the agriculture sector
fall within the Micro, Small and Medium Scale Enterprises (MSME) sectors of the
economy, which Heritage Bank in close collaboration with CBN has been
championing.
According to him, in complimenting the efforts of the
Central Bank, Heritage Bank has made a huge success of the established
agricultural schemes by making funds available to both small holder farmers and
SMEs (Prime Anchors) in their efforts to increase agricultural output
especially rice and wheat productions.
He explained that Heritage Bank has deepened support of
small holders’ farmers and anchors in Ogun, Niger and recently Plateau state in
rice and wheat seed and grain production under Prime ABP, which would help
tackle gaps inherent.
“Heritage Bank in partnership with CBN is set to reverse the
adverse trends by eliminating dependence on imported wheat which currently
stands at over $2 Billion and the unavailability of high yield wheat seed that
stands at 63,000 MT through a strategic approach which would facilitate import
substitution and promote self-sufficiency in the wheat value chain in Nigeria,
by funding the local production of wheat and encouraging backward integration
by wheat millers,” he stated.
Meanwhile, Heritage Bank has recorded notable success
stories in the Agric and SMEs’ spaces which in 2017 the bank won the maiden
award from CBN for Sustainable Transaction of the Year in Agriculture.
In 2018, Heritage Bank emerged as a winner in the
Agriculture Category during the year’s CBN Sustainable Transaction of the year
award. The Nigeria Agriculture Awards (NAA), announced Heritage Bank as the
Agric. Bank of the Year. According to NAA, Heritage Bank was selected in
recognition of its footprints in the Agribusiness space.
In 2019/2020, Heritage Bank secured mandate as Transaction
Advisers and Settlement Bank on Agribusiness and Solid Minerals to Lagos
Commodities & Futures Exchanged