Niger Gov’t sgns N50b Agric MoU with Union Bank

From Yakubu Mustapha Minna

Niger State Government has signed a N50 billion worth of Agricultural Memorandum of Understanding (MoU) with Union Bank of Nigeria to ensure food security.
The accord was reached at the Niger State Government Lodge in Abuja.
The governor said the MoU is for the supply of sesame seeds, soya beans, maize and paddy rice by the Niger State Government, to Tropical General Investment, owners of Union Bank.
The Chairman of Niger Food Security Systems and Log Limited Mr Sammy Adigun and the Special Adviser to the Governor on Special Duties, Dr Murtala Bagana signed on behalf of the State Government while the Director, of Tropical General Investment Sadiq Kassim, signed on behalf of Union Bank.
Governor Bago who described the agreement as historic, expressed optimism that it would allow the State to create a lot of value chain from the production, cropping to processing of other agricultural produce.
He disclosed that 100 Million Euros have been invested into the Sun-Farm initiative of the State Government to have greenhouses covered by solar-powered cells for sustainable farms.
Chairman, Union Bank and Executive Vice Chairman, Tropical General Investment, Alh. Farouq Gumel said the agreement with Niger State Government will help the Company meet up with global needs, assuring the State Government of delivering on its side of the deal.