Nigerian lender, PremiumTrust Bank, has partnered with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending to boost the agribusiness sector in the country as well as empower Micro, Small, and Medium-scale Enterprises.

This was disclosed in a statement issued by the bank on Monday, stating that the partnership signifies its unwavering dedication to supporting the growth and development of the economic base of Nigeria.

Speaking during a courtesy visit by the executive management of NIRSAL to PremiumTrust Bank in Lagos, the Bank’s Managing Director/Chief Executive Officer, Emmanuel Emefienim, was quoted as saying, “As a bank, we recognise that agric is an area that requires a high level of specialisation, which we have. We would ensure that we leverage this opportunity to enable transformation and unleash the potential of the sector as a major job creator and driver of economic growth.”

Also, the MD/CEO, NIRSAL Plc, Abbas Masanawa, thanked PremiumTrust Bank for facilitating the partnership whilst emphasising that the development was particularly significant not just to both organisations but to the Nigerian economy and MSMEs ecosystem.

PremiumTrust Bank recently moved from being a regional institution to a nationally licensed bank within 12 months of commencing operations.

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