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OCP Africa has said it has enetered into a partnership with the Institute of Agricultural Research and Training (IAR&T), Ibadan and two other research
Over 100,000 smallholder farmers received personalised financial services from a smart funding initiative of Social Lender, a fintech company, and OCP Africa, a fertilizer company. More than 60 per cent of smallholder farmers in Nigeria do not have Bank Verification Number (BVN) and are currently unbanked or under-banked. The absence of BVN is one of many indicators of financial exclusion. This has led to widening economic exclusion and poverty among farmers and others. To alleviate this problem, Social Lender has collaborated with OCP Africa to bring financial services to many Nigerians. The...
The Country Manager, OCP Africa Fertilizers Nigeria, Caleb Usoh, said in a statement on Tuesday that the aim of the partnership “is to ensure financial inclusion of a larger percentage of smallholder farmers in the country through BVN registration and financial literacy training.” According to Usoh, the collaborative effort would alleviate their sufferings and help them to improve their lives. “This has boosted the partnership and is reflected in the increased number of beneficiaries who have accessed the services on offer,” Usoh also said. The partnership would allow Social Lender th...