Sterling Bank commits N1bn to agro-innovators for ASA 2023

Sterling Bank Plc has thrown its weight behind the Agric Summit Africa (ASA), with a financial support amounting to N1 billion.

ASA, known for its significant contributions to the agriculture sector, announced that the forthcoming fifth edition of its annual event will take place on November 8 in Lagos Nigeria. This year’s event is themed ‘Empowering Innovations: A Confluence of Capital, Vision and Agribusiness Enterprise.’

The Group Head of Agric and Solid Minerals, Dr Shola Obikanye, commented that since its maiden edition in 2019, ASA has played a pivotal role in addressing critical issues within Nigeria’s agriculture sector. It has consistently brought together influential figures from various sectors to discuss and explore innovative solutions for the industry’s challenges.

The initiative has rightly earned its place as a cornerstone event for the agriculture sector in sub-Saharan Africa.

He declared that to commemorate its fifth anniversary, ASA has chosen to lead with the kind of innovation and change it has advocated for over the years.

“This year the organisers of the ASA will feature an incubator-style investors’ deal room, which, in addition to its insightful discussions, will offer the opportunity for agribusiness entrepreneurs to promote their innovative ideas and receive the necessary funding and business support they need to scale,” Obikanye added.

The addition provides a platform for promising agro-innovators to present their transformative business solutions to a panel of industry experts with a chance to secure grants of up to N50 million and financing options totalling up to N1 billion.

The driving force behind ASA agropitch 2023 is rooted in ASA’s commitment to financing Nigeria’s agriculture sector and fostering the change needed for advancement. By injecting substantial capital at the SME level, ASA is championing the movement to shape a sustainable agricultural future for Nigeria.

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