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Nepalese bank to commence agricbusiness in UNILORIN

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Nepalese bank to commence agricbusiness in UNILORIN

A top commercial bank in South Asia, Nepal Khadhya Bank Limited, has indicated interest in investing in agriculture at the University of Ilorin, as part of efforts to help in fighting hunger in Nigeria. Chairman of the bank, Mr. RamRaja Shrestha, disclosed this during a courtesy visit to the Vice- Chancellor of the university, Prof. AbdulGaniyu Ambali as part of a delegation of 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, and disclosed that the bank’s major objective is to promote agro-tourism and other agricultural investments.

While adding that the decision to invest in Nigeria stemmed from the fact that the country is blessed with fertile land and natural resources that are underutilised, he said: “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 the institution on farming.” He added that the agricultural activities would not be limited to planting and harvesting, but would also include grain banking, as well as food processing.

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