United Bank for Africa (UBA) plc was Saturday, honoured as Nigeria’s biggest lender to agriculture. Lagos Chamber of Commerce and Industry (LCCI) conferred the award on it, at the chamber’s annual commerce and industry awards night.
Listing some of the consideration LCCI considered in selecting winning companies for the awards, Aderemi Bello, president, LCCI, said companies that were selected were those that had broadly impacted on the society positively by challenging the status quo, redefining lifestyle, creating wealth and vitality, and giving people increased confidence to become better at what they do.
Other key considerations, he said, included compliance with set standards, regulations, level of disclosure and corporate governance.
Commenting on award, Phillips Oduoza, GMD/CEO, UBA, thanked the LCCI for the recognition, assuring that UBA would continue to support the agricultural sector.
“Agriculture is key to diversifying the Nigerian economy from dependence on oil. As we have demonstrated over the years, we will continue to support and lend to the sector, not only in Nigeria but across Africa,” said Oduoza.