FCMB and Mastercard Launch AgroPass for Farmers in Nigeria

First City Monument Bank (FCMB) and Mastercard have launched AgroPass, a digital platform designed to enhance access to finance, markets, and agricultural services for smallholder farmers in Nigeria. The platform connects farmers with input suppliers, buyers, lenders, agribusinesses, and other participants in the agricultural value chain.

Yemisi Edun, Managing Director of FCMB, represented by Obaro Odeghe, Executive Director of Wholesale Banking, stated that supporting farmers involves more than just providing credit; it is about building connections to finance, markets, technology, knowledge, and opportunities. Edun emphasized that agriculture is a vital sector in Nigeria, contributing over 20% of GDP and providing significant employment.

Kudzai Gumunyu, FCMB’s Divisional Head of Agribusiness and Non-Oil Exports, noted that the bank aims to boost agricultural productivity and create economic opportunities in rural areas. Tara Nathan, Executive Vice President of Growth Segments at Mastercard, highlighted that AgroPass is intended to connect farmers with financial services and digital tools to enhance productivity and resilience.