Access Bank MD, Wigwe commits to diversification of economy

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Herbert Wigwe, Access Bank's Group Managing Director

Bank partners Lagos, Kebbi on rice mill project

Herbert Wigwe, Access Bank’s Group Managing Director

The Group Managing Director/Chief Executive Officer of Access Bank, Herbert Wigwe has affirmed the Bank’s commitment to support the Federal Government’s aspiration to uplift the Nigerian economy by making meaningful contributions to the reforms agenda especially in agriculture and other non-oil sectors.

The bank has been bullish in partnering with key stakeholders that are embarking on series of capital projects that are targeted to rejig the economy, create employment opportunities and ultimately enhance the income level of the average Nigerian.

It would be recalled that the bank has been quite visible as the lead financial institution to major projects such as the Eko Atlantic City, and lately, the proposed Fourth Mainland ridge.

According to Wigwe, the bank remains committed to its corporate philosophy of delivering sustainable economic growth that is profitable, environmentally responsible and socially relevant.

Presently, Access Bank is currently collaborating with the Lagos, Kebbi States governments and a Mexican farming conglomerate, San Carlos, a company that has the requisite experience and modern technology for processing and milling of rice in commercial quantity.

It is expected that this would serve as a booster to the Federal Government’s reforms agenda especially in agriculture and save Nigeria as much as $3bn yearly by way of import substitution. The rice milling project has the capacity to process and mill twenty (20) tons of rice per hour.

Commenting on the development, the GMD/CEO of Access Bank, Herbert Wigwe said the project would help to boost the diversification of the Nigerian economy especially now that the Federal Government is working hard to develop other sectors of the economy as substitute to oil production.

“We are supporting the rice milling project by Lagos and Kebbi States because of the potential benefits especially in promotion of food sufficiency, import …Read More

Source:: PM Newspaper