1.3% Agriculture Growth Not Sufficient For Food Security Attainment: NIGERIA’S agricultural productivity which is currently growing at 1.3 percent is insufficient to meet food and raw materials demands, Chairman, Board of Directors, Sterling Bank Plc, Mr Asue Ighodalo has said. Ighodalo made this known at the 4th Agriculture Summit Africa (ASA) 2021 organized by Sterling Bank in Lagos.
Themed: “Building the New Agri Order”, the Sterling Bank boss noted that it was unacceptable and an ironic paradox to have raw materials shortages and food insecurity amidst so many fertile and arable lands across Africa. In his words, “In the last three years, our bank has paid attention to and concentrated resources on the health, agriculture, renewable energy, education and transportation sectors. These when put together represent the heart of Sterling, and right in the middle of our strategy is the agriculture sector. “With millions at risk of being deprived of their means of livelihoods occasioning major concerns around food security and with an estimated population of over 200 million growing at an annual rate of three percent.
