First City Monument Bank (FCMB), the banking subsidiary of FCMB Group – one of Nigeria’s most diversified financial services groups – today, announced a partnership with Mercy Corps, a frontline international aid organisation. Under the partnership, about 500,000 farmers and vulnerable Nigerians in the North-East geopolitical zone will be provided access to farming-friendly and demand-driven financial services.
The partnership is supported by USAID-funded Feed the Future Nigeria Rural Resilience Activity, and will deliver funding and capacity-building support to smallholder farmers and vulnerable people living in the conflict-affected states of Adamawa, Borno, Gombe and Yobe.
The Feed the Future Nigeria Rural Resilience Activity aims to facilitate and promote economic recovery and growth in these group of people to move them out of chronic vulnerability and poverty through expanded opportunities.
Speaking during the signing of the MoU on August 25, 2021, in Lagos, the Managing Director and CEO of FCMB, Yemisi Edun, expressed appreciation to Mercy Corps and other partners for having confidence in the bank’s capability to successfully drive the initiative.