Nepalese Bank to invest in Nigeria’s agribusiness


August 23, 2017 | 12:12 am
  |     |     |   Start Conversation

Nepal Khadhya Bank Limited, a top commercial bank in South-Asia is set to invest massively in Nigeria’s agriculture and agribusiness at the University of Ilorin as part of its efforts to help alleviate hunger in Nigeria.

RamRaja Shrestha, chairman of the bank, disclosed this to journalist during a courtesy visit to Abdul Ganiyu Ambali vice-chancellor of the University of Ilorin. He was part of a delegation from the World Institute for Peace (WIP) that visited the University to confer the ‘Icon of Peace’ award on the vice-chancellor.     

“When there is no hunger, there will be no anger, the people will be happy and there will be peace and progress in the nation,” Shrestha said.

The bank chairman disclosed that the Napalese major objective is to promote agro-tourism and other agricultural investments in the country, adding that the decision to invest in Nigeria stems from the fact that the country is blessed with very fertile land and natural resources that are underutilized.

“We were informed that the University of Ilorin is peaceful and blessed with vast arable land, so we think it is a good idea to partner with the institution in farming,” he said.

Shrestha added that the agricultural activities would not be limited to planting and harvesting, but would include grain banking, as well as food processing.

Earlier in his remarks, Lamina Kamilu, chairman of the World Institute for Peace, pointed out that the objective of the Institute is to curb the menace of violence in the world and ensure peace, just as he pointed out that “Unilorin is one of the universities in the country in which people have great interest when it comes to honesty.”

Kamilu commended the University for its sustained Peace and progress, a virtue, which he said fetched the vice-chancellor the prestigious Icon of Peace award.

In his response, the Ambali, expressed delight at the Nepalese bank’s initiative of curbing hunger in the country and seeing the University as a worthy partner, adding that the institution has a land mass of about 15,000 hectares and is always open to investors.

Ambali, who noted that the University has been partnering with investors in various areas like solar power generation, stressed that, “Unilorin is the best bet you can partner with in Nigeria because your investment here is safe. There is no strike or hooliganism that will put your investment at risk, and we have concentration of resources, both human and material.”

The vice-chancellor then appreciated the World Institute for Peace for finding him worthy of the award and for its effort in promoting peace all over the world. Saying that, “peace is very vital in effectively ruling the world and helping the developing countries and without it, much cannot be achieved.”




August 23, 2017 | 12:12 am
12893  |   93   |   0  |   Start Conversation

Big Read |  


Making the case for sustainability

The debate about the role of business in society has been ongoing since the 1960s. Over the years,literature and research...