Connect with us

Business News

Heritage Bank CEO Clinches Banker of Year (SMEs & Agric) Award

Published

on

By Modupe Gbadeyanka

The Managing Director and Chief Executive Officer of Heritage Bank Plc, Mr Ifie Sekibo, has been named as Banker of the Year 2021 under SMEs and Agric category.

The Heritage Bank CEO won this award at the New Telegraph 2021 Awards held recently in recognition of his leadership position in delivering sterling development and growth of the agricultural sector and the Small and Medium Enterprises (SMEs).

Receiving the award on behalf of the bank’s CEO, the Executive Director, Jude Monye stated that the bank was honoured and motivated to do more for the sustainability and growth of the Agric and SME sectors following the award received from the New Telegraph newspaper.

“We are highly honoured to receive the award as the Banker of the Year (SMEs & Agric) from the Board and Management of New Telegraph Newspaper.

“This validates the hard work and success story of the bank to create, preserve and transfer wealth across generations, as amongst other sectors of the economy, we have continued to ensure our efforts to support the Agric and SMEs sector in Nigeria counts.

“This is a result that will continue to motivate us to deepen our supports to Agric, SMEs sector and the economy at large for sustainable growth,” he assured.

Mr Sekibo vowed that in line with its core mandate to create and transfer generational wealth, the bank would continue to make farming profitable to stakeholders and attractive to the youth, as Heritage Bank had taken the front seat in financing critical agricultural projects in several states in the country, especially in Oyo, Kaduna and Zamfara and recently in Plateau Jos.

He noted that most of the ventures in the agriculture sector fall within the Micro, Small and Medium Scale Enterprises (MSME) sectors of the economy, which Heritage Bank in close collaboration with CBN has been championing.

According to him, in complementing the efforts of the Central Bank of Nigeria (CBN), Heritage Bank has made a huge success of the established agricultural schemes by making funds available to both small holder farmers and SMEs (Prime Anchors) in their efforts to increase agricultural output especially rice and wheat productions.

He explained that Heritage Bank has deepened support of small holders’ farmers and anchors in Ogun, Niger and recently Plateau state in rice and wheat seed and grain production under Prime ABP, which would help tackle gaps inherent.

“Heritage Bank in partnership with CBN is set to reverse the adverse trends by eliminating dependence on imported wheat which currently stands at over $2 billion and the unavailability of high yield wheat seed that stands at 63,000 MT through a strategic approach which would facilitate import substitution and promote self-sufficiency in the wheat value chain in Nigeria, by funding the local production of wheat and encouraging backward integration by wheat millers,” he stated.

Earlier, in a letter to congratulate him for his nomination as the Banker of the Year (SMEs & Agric) of the year 2021, the Managing Director/Editor-in-Chief of New Telegraph, Mr Ayodele Aminu, explained that, “after a thorough scrutiny of Heritage Bank’s laudable support for Small and Medium Scale Enterprises (SMEs), as well the country’s agricultural sector, in the last one year by our Panel of Judges and Editors, we at the New Telegraph 2021 are pleased to award Heritage Bank, Banker of the Year (SMEs & Agric).”

Meanwhile, Heritage Bank has recorded notable success stories in the Agric and SMEs’ spaces which in 2017 the bank won the maiden award from CBN for Sustainable Transaction of the Year in Agriculture.

In 2018, Heritage Bank emerged as a winner in the Agriculture Category during the year’s CBN Sustainable Transaction of the year award. The Nigeria Agriculture Awards (NAA), announced Heritage Bank as the Agric. Bank of the Year. According to NAA, Heritage Bank was selected in recognition of its footprints in the Agribusiness space.

In 2019/2020, Heritage Bank secured mandate as Transaction Advisers and Settlement Bank on Agribusiness and Solid Minerals to Lagos Commodities & Futures Exchange.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News1 min ago

EFCC declares forex firm boss Maxwell Odum wanted over N213bn fraud

News1 min ago

EFCC declares forex firm boss Maxwell Odum wanted over N213bn fraud

Local3 mins ago

FCT-IRS rakes in N118 billion, targets more in 2022: Official

Politics5 mins ago

Rep Bamishile denies accompanying ex-SSG, Oyebanji to obtain governorship forms

Politics15 mins ago

Zamfara APC crisis: Yari’s faction slams Senator Yarima

Sports21 mins ago

Juventus Will Enter Monday’s Champions League Last-16 Draw As Winners Of Group H After Chelsea Missed Out On Top Spot

News23 mins ago

Parliament elects Ignazio Cassis as next Swiss president

Local25 mins ago

Brothers docked for beating police superintendent

Politics25 mins ago

Buhari condemns killing of Oromoni, says perpetrators won’t be spared

Politics35 mins ago

ASUU gives scholarship to 50 most-deserving Unizik students

Sports45 mins ago

Juventus Beat Malmo To Finish Above Chelsea And Advance To The Champions League Last 16 As Group H Winners

Politics45 mins ago

Nigeria currently minefield of non-communicable diseases related deaths ― Expert

News47 mins ago

I hear I’m gay all the time – Don Jazzy

Local51 mins ago

Benin Republic grants Nigerian company 30,000 hectares for rice production

Politics55 mins ago

FG commissions disability electronic certificate production centre, four others

World1 hour ago

France: Muslim known to police calls police station, rants about Allah, says he is going to blow everything up

Politics1 hour ago

We did not collect money from Obaseki to give him ticket ― PDP

News1 hour ago

Identities of Lagos students killed by truck revealed

Local1 hour ago

Kidnappers release DELSU students, five others: Police

Business News1 hour ago

Ellah Lakes, Enugu Government Seal Rice Processing Deal

News6 hours ago

2023: Group cautions against fresh plots to defame Osinbajo

Entertainment14 hours ago

Man who was caught in broad daylight stealing, given soft drink and asked to dance to avoid any punishment (video)

Politics10 hours ago

3800 civil servants to write promotional exams in Bauchi

Viral16 hours ago

May God Help This Generation: See What This Married Woman Was Caught Doing In Public (Photos)

News12 hours ago

Man commits suicide after losing company N150,000 bet

Entertainment9 hours ago

“She had plastic surgery without informing him, she was seeing another man” – Ned Nwoko’s media team spills ‘truth’ about his separation with Moroccan wife, Laila

Business News6 hours ago

EFCC Declares MBA Forex Owner Wanted Over N231bn

Sports9 hours ago

Rio Ferdinand And Michael Owen Have Agreed That Mohamed Salah Was An Average Finisher When At Chelsea

News14 hours ago

Pinnick to represent Infantino at special event in Ukraine

Politics24 hours ago

PCC handling 543 cases of human rights abuses in Ekiti ― Commissioner

Entertainment11 hours ago

#JusticeForSylvester: Nigerian women stage protest in front of Dowen College (photos)

Politics9 hours ago

Oyo NIPR holds 2021 dinner, honours Tribune, Ayefele, Onireti, others

News9 hours ago

80 Nigerians to graduate from Business School Netherlands

News9 hours ago

1m doses of COVID vaccine expires in Nigeria – Reuters

Politics9 hours ago

Air Peace partners Project Pink Blue on cancer management

Entertainment8 hours ago

“They don’t bully you as much as they bully me” – DJ Cuppy reacts after her sister, Temi, said she loves Twitter

Politics2 hours ago

Dowen College parents mourn, demand justice over death of Sylvester

Business News11 hours ago

Obi Cubana, Egusi Soup Recipe, Others Top Google’s Trending Searches of 2021 in Nigeria

Business News6 hours ago

How Retirement Can be Enjoyed, Not Endured: The Imperatives!

World19 hours ago

Video: Robert Spencer’s post-debate review on Reason and Theology

Trending