Main Street Bank Limited said it had invested about N10 billion in the Growth Enhancement Scheme (GES) of the Agricultural sector in support of the Federal Government’s agricultural transformation initiative.

Mr. Roger Woodbridge, the Executive Director, Corporate and Investment Banking, Mainstreet Bank Limited, has applauded GES scheme of the government which is design specifically to provide affordable agricultural input such as fertilizers and hybrid seeds to farmers in order to increase their yields per hectare and advance it to the world standard.

Mr. Roger also noted that the GES scheme had motivated the private sector to palsy an essential role in growing the nation’s food production.

In his remark, Mr. Rogers revealed that Mainstreet Bank had funded fertilizer distribution to agro-dealers and smallholder farmers, stressing that the Public Private Partnership (PPP) has provided effective framework for private sector engagement in overall agricultural development.

He said the strides which Mainstreet Bank has set in supporting Agricultural sector is supposed to be a motivational tool to other banks to come out and give their best support to the sector and as well urged that Nigerian banks must lend support to human centred development activities such as agriculture which has the ability to increase the production capacity of local farmers as well as aid to gainful employment for the youth population.

He further stated that Mainstreet Bank as one of the most profitable banks has leverage on its legacy bank’s over 51 years’ experience and goodwill in the financial services sector, enabling it to effectively support the funding of development projects across several economic sector, adding that is recently lauded as a leading bank in the federal government’s GES.