The Alternative Bank says it is set to launch a non-interest agrifinance product aimed at empowering women and youth across Nigeria. Speaking at the Agriculture Summit Africa in Abuja, Executive Director Ms. Korede Demola-Adeniyi said the initiative forms part of efforts to promote inclusive and ethical agricultural growth.
Unlike conventional lending, the model is based on risk-sharing partnerships designed to ensure sustainability and fair returns. The bank has already rolled out empowerment projects in several states, including a tricycle scheme for women in Kano and a ginger pilot for female farmers in Kaduna.
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Ms. Demola-Adeniyi said the new facility—expected before year-end—will integrate rural communities into key value chains, promoting equitable participation and long-term food security.
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