Taraba State Government and the management of Nexim Bank are working on a partnership that will facilitate the development of agricultural, mineral and tourism potentials in the state.
This was part of the resolution reached at a meeting of the top management of the bank and Governor Darius Dickson Ishaku at the bank’s headquarters in Abuja on Wednesday.
Gov Ishaku had briefed the management of the bank on what his administration has achieved so far in the areas of tea production and the plan to invest in coffee growth and production.
He also told the bank’s chieftains what his administration has done in turning Taraba State into a hub for rice production and exportation and plans to develop tourism potentials of the state.
He said what Taraba State needed now was the bank’s assistance for Highland Tea and palm oil to be produced in larger quantities to meet local and international demands.
He said with increased production capacity of the tea factory in Kakara, Sardauna Local Government Council Area of Taraba State, and the development of coffee growth and production, thousands more of the youths in the state will be empowered.
He said palm oil produced in the state is the best in the world and is in high demand within and outside the country.
Gov. Ishaku told the bank’s chiefs of the tourism potentials in the state and his regrets that insecurity in the state had hindered its development into a huge revenue earner.
He assured that the insecurity problem was already being tackled and what has been achieved so far has been encouraging to the extent that Hausa and Fulani leaders from the areas recently came to thank him for his efforts in this direction.
Responding, Abba Bello, managing director of the bank said the bank had already, through its own investment research and findings, discovered that Taraba State is a huge investment destination for the bank.
He assured that the bank would assist the state in taking Highland Tea to the global market and suggested a partnership that will work on a Memorandum of Understanding on this and other areas of business promotion as requested by Gov. Ishaku.
He assured that the bank was willing to commit funds to the development of tea, coffee and other very viable business opportunities in the state.
A technical team from the bank is soon to visit Taraba State for a meeting with senior Government officials to further work on the suggested areas of support and collaboration.
HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR
CredoLab raises USD 7m to expand its market reach in Africa and other new markets
CredoLab, a leading developer of bank-grade digital credit scorecards based on smartphone metadata which launched in Nigeria, Kenya, and South Africa, last year, has secured USD 7 million in its Series-A round funding led by GBG, the global specialist in identity data intelligence.
Cars with embedded connectivity to reach 200m by 2025, with 5G adoption set to soar
A new study from Juniper Research has found that the number of cars with embedded connectivity will reach 200 million globally by 2025; rising from 110 million in 2020. One of the main beneficiaries of this growth will be mobile
Nitro121 promises bespoke offerings to clients, celebrates 15th anniversary
The leading brand-building and marketing communication company, Nitro 121 (formerly known as 141 Worldwide), turns fifteen on the 1st of September 2020 and promises to continue to deliver bespoke marketing communications services to clients and other partners.
Top 25 most valuable aerospace and defence brands could lose over $22bn of brand value from COVID-19
Aerospace and defence sector heavily impacted by COVID-19 pandemic, brands could lose up to 20% of brand value, equating to a US$22.8 billion loss cumulatively
