Stanbic IBTC Bank enhances farmers’ standard of living through electronic warehouse

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By Dimaku Kennedy, Abuja:
Stanbic IRTC Bank has said that electronic warehouse would enhance the standard of living of the rural farmers pointing that the major problem confronting these set of people has been lack of viable market for their product..
Head, Agric Banking, Stanbic IBTC, Mr Jerry Danjuma Gushop in an exclusive interview with our correspondent at the launch of E-Warehouse in Abuja, noted that the bank has been interfacing with the government to make sure that the agricultural transformation agenda of the present administration becomes a success.
He pointed out that Electronic Warehouse may be new in Nigeria but not to Stanbic IBTC considering the fact that the bank has undertaken the project in other countries like Kenya, Uganda, Ethiopia and South Africa. He added that the bank recorded unprecedented success in those countries the project has operated and was very optimistic that Nigeria would not be a different one.
Gushp noted that there has been sensitization and education for all the stakeholders as well as the rural farmer and urged the farmers to explore the opportunity to overcome harvest loss. He posited, “We have told them to bring their goods to the warehouse and once it is brought to the warehouse, there is a market for them. The implication is that they would no longer dispose their produce at giveaway price during r harvest.
“This project would help the farmer to get market price for their products. It would enhance the standard of living for the average farmer in the rural area. The farmer takes his product to the warehouse, gets a warehouse receipt and gets value for his products.’

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