First Trustees' Akeredolu Calls for Governance in Agriculture

Ereifemi Akeredolu, the Managing Director/Chief Executive Officer of First Trustees Limited, stated that sustainable growth in Nigeria's agricultural sector requires more than just funding. Speaking at the maiden Commercial Trust Colloquium organized by First Trustees Limited, a subsidiary of FirstHoldCo Plc, in Lagos, she highlighted the necessity for clear responsibilities, sound governance, and proper risk allocation.

The colloquium, themed “Beyond Intervention Funds: Building Sustainable Financing Models for Nigerian Agriculture,” gathered stakeholders from both public and private sectors to explore financing options for agriculture. Akeredolu noted that capital availability alone does not guarantee growth; rather, investors are more inclined to commit funds when risks are well understood and transaction structures are reliable.

She emphasized the role of trust institutions in establishing accountability and protecting the interests of involved parties. The event also featured the launch of an upgraded digital platform by First Trustees aimed at digitizing trust-service processes.