Unity Bank unveils new lending plans for farmers

Unity Bank Plc has reiterated its commitment to lending more to farmers and supporting them in getting more value for their farm produce.

The bank is partnering with Binkabi, a blockchain-based commodity trading network to ensure that farmers get the right pricing and profitability for their produce.

The Head, Risk Management and Compliance, Unity Bank, Usman Abdulqadir, said the collaboration would also help to provide end-to-end solutions for farmers and the entire agribusiness value-chain.

Abdulqadir, who spoke at the launch of an agro commodities trade platform in Lagos, said,  many farmers who harvest their crops sell them at the time of harvest when the prices are still low. But the partnership will help such farmers to transfer the produce to warehouse directly, or sell them to people that will send the produce to the storage facilities to reduce post-harvest losses.

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