Niger State Government Reaches an Agreement with Alternative Bank with a Keen Interest in Sustainable Development
Niger State Governor, Mohammed Bago, has signed a Memorandum of Understanding with Alternative Bank, focusing on sustainable development in the state.
Launched in October 2023 by Sterling Financial Holdings, the bank aims to create wealth sustainably.
The MoU encompasses thematic areas such as education, health, agriculture, transportation, energy, and infrastructure.
Governor Bago expressed enthusiasm for the partnership, emphasising the state’s vast agricultural potential and plans to cultivate a significant portion of arable land.
The collaboration includes discussions with Almarai, a Saudi multinational dairy company, to explore the economic value of cultivating Alfalfa plants.
Alternative Bank highlighted its multi-million-dollar investment in agriculture, with international partners expressing interest in projects like a $65 million sugarcane plantation and Alfalfa plant exportation.
These initiatives aim to generate employment opportunities, produce agricultural products, and contribute to energy production.
Source: PUNCH
