Lucy Ejelonu, The Branch Manager, First Bank of Nigeria Limited, Oron Road Branch, Uyo
Call: 09095049960, 08065738374
91 Oron Road, Uyo, Akwa Ibom State, Nigeria
The consumption level of rice in Nigeria as at 2017 was about 6.4 million tones and the production capacity of small holders farmers and commercial farmers was about 3.7 million tones.
This demand gap has fuelled importation of rice over the years; this has brought about a concerted effort from government to ensure the country is self sufficiency in rice production, through support for local rice farmers and producers.
In view to stimulate the Nigerian government initiative in supporting local rice farmers, First Bank of Nigeria has partnered with DewPoint Dynamic Venture Limited to increase local production of rice.
First Bank has earmarked a facility in the rice investment farming project of DewPoint Dynamic Ventures Limited, and is structured through the Personal Loan Against Salary (PLAS) for government employees banking with First Bank of Nigeria to access and, invest into the Rice-Invest programme and earn residual income.
These individuals have to satisfy the bank’s Risk Acceptance criteria, terms and conditions of lending under the Personal Loan Against Salary PLAS product program.