Investor Presentaiton
FirstBank has played a critical role in financing and supporting the
economic growth of Nigeria in key sectors
Agriculture
FirstBank
FirstBank's Contribution
Since 1894
>80% of Nigeria's farmers are
smallholder farmers. These numbers
accounts for 90% of Nigeria's
agriculture produce
Agricultural production contributes
24.45% to GDP in 2020 and
23.78% in Q2, 2021
The agricultural sector employs 36%
of the labour force, the largest of any
sector
In four years (2016-2019), Nigeria's
cumulative agricultural imports stood
at NGN3.35trn four times higher
than the agricultural export of
NGN803bn within the same period
ā
... FirstBank's Contribution
Partnership with several International
Institutions and Development Organizations
involved in the agricultural enterprise value
chain
Major partner of Government in developing
and implementing various agricultural
initiatives ACGSF, CACS, GES, etc.
The Bank has deployed over N70bn under
the Commercial Agriculture Credit Scheme
(CACS) to support 121 agricultural projects,
impacting the largest number of agricultural
enterprises
FirstBank participated in the design and
development of the private sector financing
model of the Growth Enhancement Support
Scheme (GESS) and supported the scheme
with over N8bn
Economic Impact
Boost economic output
Increased export earnings
Increased FDI
Job creation
Improved business activities.
GDP growthView entire presentation