First City Monument Bank (FCMB) and Mastercard have launched AgroPass, a digital platform designed to develop entry to finance, markets and agricultural companies for smallholder farmers throughout Nigeria.
The platform, developed by Mastercard, connects farmers with enter suppliers, patrons, lenders, agribusinesses, and different contributors within the agricultural worth chain, aiming to strengthen monetary inclusion and enhance productiveness in one among Nigeria’s most essential financial sectors.
Speaking on the launch occasion in Lagos, Yemisi Edun, Managing Director, FCMB, represented by Obaro Odeghe, Executive Director, Wholesale Banking, mentioned: “Supporting farmers means more than offering credit. It is about building connections to finance, markets, technology, knowledge and opportunity. AgroPass is a platform that empowers farmers to become more productive, resilient and commercially successful. By bridging critical gaps across the value chain, we can help build a more sustainable future for agriculture.”
Edun mentioned FCMB supplied greater than 364.6 billion naira ($236 million) in financing to Nigeria’s agricultural sector final yr and supported greater than 196,000 smallholder farmers nationwide. Nearly half of the beneficiaries had been girls and younger individuals.
Executive Vice President, Growth Segments, Mastercard, Tara Nathan mentioned: “Smallholder farmers are at the heart of food systems, rural livelihoods and economic growth across Africa, yet many remain disconnected from the services and opportunities that can help them thrive. AgroPass is designed to bridge those gaps by connecting farmers to financial services, suppliers, buyers and digital tools that support productivity and resilience. Through our collaboration with FCMB, we are helping create a more connected agricultural ecosystem where farmers can build stronger businesses, participate more fully in the economy and unlock new opportunities for growth.”
