Sterling Bank Reaffirms Commitment to Africa’s Food Security, Sustainable Agriculture

Kayode Tokede

As the world commemorates World Food Day 2025, Sterling Bank Limited, has reaffirmed its commitment to building a resilient, inclusive, and food-secure Africa.

This year’s World Food Day, themed, “Hand in Hand for Better Food and a Better Future,” highlights the need for collective effort to ensure access to safe, nutritious, and affordable food for all, while promoting sustainable livelihoods and protecting the planet.

The theme, the bank said, underscores a truth that has guided its work in agriculture: Africa’s food destiny depends on shared responsibility between farmers, financiers, policymakers, and communities.

Speaking on the occasion, Group Head, Agriculture at Sterling Bank, Olushola Obikanye,  emphasised the urgency of partnership-driven solutions to transform Africa’s food systems.

“The 2025 World Food Day theme captures exactly what Africa needs right now: collaboration. No single institution or government can fix food insecurity alone. We must work hand in hand with financial institutions, technology providers, farmers, development partners, and other key stakeholders to create a future where hunger is history.”

“At Sterling Bank, we’ve seen what’s possible when partnerships align with purpose. Our commitment goes beyond financing as we are helping to build an ecosystem where farmers have access to credit, markets, and the knowledge they need to thrive. That is how we can produce better food, improve nutrition, and secure a better future for generations to come.”

“Food security must move from being a national aspiration to a continental priority. We are sitting on 60% of the world’s uncultivated arable land, yet Africa still imports billions of dollars’ worth of food annually. This paradox can only change through action, investment, innovation, and inclusion,” he said.

Over the past decade, Sterling Bank has emerged as one of Nigeria’s foremost financiers of agricultural development, channeling funding and expertise into projects that strengthen food systems, enhance productivity, and empower communities.

The Bank has disbursed over N500 billion in loans to commercial farmers and more than $300 million to support agricultural value chain actors across the country. In 2022, it launched SWAY AgFin, a digital platform that has since enabled over 25,500 youth and women farmers to access financing and market opportunities.

Obikanye noted that these achievements are a product of Sterling Bank’s deliberate focus on long-term agricultural transformation.

“Our strategy is built on three pillars: empowerment, innovation, and sustainability. We are empowering farmers through finance, innovating through technology, and promoting sustainability through climate-smart agriculture. The result is not just better yields, it’s better livelihoods and stronger communities.”

  • Related Posts

    Lagos will Become a Model for Sustainable Transport in Africa, Says EU Ambassador

    Recently, the Lagos State Government launched the Òmi Èkó Project, an ambitious initiative aimed at transforming the state’s water transport system. In this in-depth conversation, the European Union Ambassador to Nigeria, Gautier Mignot, speaks on the EU’s commitment to supporting the state’s transport transformation, the significance of the inland water transport project, and broader cooperation in culture, education, and digital innovation. The Ambassador explains how this initiative aligns with the EU’s Global Gateway strategy and why…

    Turning Nigeria’s Youth Population into Engine for Global Competitiveness

    Nigeria’s 200 million youthful, entrepreneurial citizens can vault the nation from demographic promise to global competitiveness if bold, synchronised reforms now turn their talent, trade, and technology into a seamless, predictable engine of prosperity. This was the submission of the Chief Executive Officer of DHL Express, John Pearson in an interaction with Festus Akanbi on the sidelines of a media event- Global Trade Shifts- Spotlights Africa, and launch of DHL’s 2025 Global Connectedness Tracker in Johannesburg, South Africa,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Lagos will Become a Model for Sustainable Transport in Africa, Says EU Ambassador

    Turning Nigeria’s Youth Population into Engine for Global Competitiveness

    PREMIUM TIMES’ Business Editor selected for US govt’s programme on Trade, Development Finance

    PREMIUM TIMES’ Business Editor selected for US govt’s programme on Trade, Development Finance

    CAC, SMEDAN to inject N6 billion into Nigerian economy through youth business registration 

    Inflation drives 6 in 10 Nigerian shoppers to switch brands in 2025 – Report 

    Tinubu heads to Abuja after participating in Aqaba Process Summit in Rome 

    BUA Foods signals Q3 result delay, sets new deadline beyond October 30 

    NGX: Bonds moderate at N51.48 trillion as ETP rises to N32.19 billion  

    Nigeria’s fixed-income market value moderates at N89.14 trillion as investors weigh risks 

    Lagos abattoirs: 8 major slaughterhouses powering N328 billion beef market 

    NCC, CBN move to tackle failed airtime recharges on electronic platforms 

    Nollywood box office: Top 10 movies with record opening weekends 

    UAC of Nigeria Plc opens N45 billion commercial paper issuance; yield up to 19.5% 

    Okomu Oil declares special dividend as nine-month profit more than doubles

    Okomu Oil declares special dividend as nine-month profit more than doubles

    Rhema-Love Abraham, 13-year-old emerges winner of 2025 Heirs Insurance Essay Championship 

    Meet Tolu Obamuroh, former Lagos Court of Arbitration counsel, appointed partner in White & Case 

    Okomu Oil grows Q3 pretax profit 49% to N17 billion, declares interim dividend 

    EFCC witness denies knowing SunTrust executives in $12 million money laundering trial 

    CBN says investor confidence in Nigeria rising as reforms deliver results 

    Samuel Mensah: Trends Often Start in Nigeria, Spread to Africa and Influence the World

    Karl Hala: Organisers Now Have Confidence to Host International Events in Abuja

    Bemoaning Absence of  Vehicle Finance Schemes Reps Industry Committee to Invite CBN, BoI, NADDC 

    Carloha Sponsors NAPE Golf Tournament with Tiggo 8 Pro As Hole-in-One Prize

    TFN, Partners Empower Young Innovators through Hub Pitch Contest

    Nigeria’s Economic Outlook at a Turning Point

    Nigeria, Qatar Set to Sign MoU on Cultural, Tourism Cooperation

    Omi Eko: Lagos commences €410 million inland waterway project on Lagos Lagoon 

    UBA, ACCESSCORP lead volume as All-Share Index firms above N94 trillion cap 

    Over 50% of migrant HIV cases in Switzerland occur post-migration – Study 

    Nigerian Customs raises alarm over fake appointment letters circulating online

    SEC warns Nigerians against Shalom Coin over potential fraud risks 

    Sidel opens new Lagos office to accelerate sustainable packaging and regional growth in West Africa 

    Nigeria’s gold ambition grows as bullion metal hit $4,250 per ounce 

    Graph secures CBN approval to operate as International Money Transfer Operator, expands cross-border payment capabilities 

    Nigerian banks flood CBN with over N1.6 trillion excess cash as liquidity surges 

    Nigerian Bottling Company Expands Portfolio with launch of Iconic Plazma Biscuit in Nigeria