The Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN) third Nigeria Inclusive Finance Conference 2017
Fair/technology exhibition and launching of farmer-to-finance fund for MFIs
Theme: Incremental financing options for agribusiness in Africa: Solutions to worldwide security
You are cordially invited to:
Venue: Jades Hotel, Wuse zone 5, Abuja, FCT, Nigeria
Date: 23rd-24th of November, 2017
About the program
Sixty per cent of Africa’s rural population is made up of young men and women between 15 and 24 years of age. Depending on which prism you are using to view the circumstances, this is either a potential opportunity for increasing economic productivity or a time-bomb waiting to explode, with the current migrant situation as a test case. Currently, there is an accelerating crime rate across the region and the youth is at the center of these crimes, even in the migrating racket that has become a global crisis as the youths seek to migrate to the urban areas or more developed regions in search of jobs which are not available. Meanwhile, agriculture agreeably possess the capacity to change these dynamics as it is globally accepted as a dominant sector capable of absorbing the critical mass of the youth in Africa for increased economic productivity and development. It employs over 60% Africa’s labor force, contributes 17% of aggregate GDP, and accounts for 40% of total economic output. Furthermore, the GDP growth generated by agriculture has been shown to be at least twice as effective in reducing poverty as GDP growth in other sectors. Accelerated agricultural growth is crucial for reducing hunger and poverty, empowering youth and women, and achieving a global partnership for development particularly the Millennium Development Goals one, three, and eight. Therefore, a shift from subsistence to commercial agribusiness is more crucial than ever before. Increasing Investment in new ideas, new technologies, marketing of farm products, such as warehouses, wholesalers, processors, retailers and generally getting away from the old-fashioned methods that rely on manual labor and exhaust the soil forms part of the solution. Agribusiness itself suffers from a lack of affordable finance and of access to credit, and from underinvestment in infrastructure. There needs to be more investment in water sustainability, food storage, new sciences, and relevant education. The agribusiness sector also needs to unlock the full potential of the small and medium enterprises which are the bedrock of the African private sector. Realizing the full potential of the SMEs is critical to maximizing private sector output and to job creation.
The overall objective which the 2017 inclusive finance conference seeks to actualize is to expose, exploit and expound increasing access to finance for Agribusiness through the microfinance institutions which is considered as the conveyor belt for the MSME sector as the panacea for unemployment, underemployment and underdevelopment by increasing partnership opportunities for microfinance institutions network, attracting additional funding windows for microfinance institutions, providing a framework for increased lending to farmers, launch of farmer-to-finance, funds for increased access to finance for MFIs.
For further clarification, confirmation or enquiry, contact any of the following numbers; + 234 703 560 8804, +234 703 556 7948, +234 706 924 0031
About the organizers
The Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN) is a Network of independent microfinance institutions in Nigeria that resulted from an Initiative led by The Central Bank of Nigeria in collaboration with The International Fund for Agricultural Development (IFAD), and the Federal Government of Nigeria (FGN) through the Ministry of Agriculture and other Development Partners to create and strengthen a country level microfinance network for the purpose of promoting rural finance, financial inclusion and poverty reduction in Nigeria. The Association has National and State Offices spread across the 36 States of the Federation including the FCT-Abuja with an aggregate clientele base of about 4 million grouped into over 4,000 organizations made up of Financial Cooperatives, NGO-MFIs, and Community Based Organizations involved in financial services.In accordance with the National Microfinance Policy and Regulatory Framework, The Association is responsible for the promotion of Self-regulation, uniform standards, transparency and good corporate practice among its members.
ANMFIN is mandated to “stimulate innovative and sustainable microfinance best practices, influence policy direction of government, and assist in capacity building of microfinance operators and micro, small and medium enterprises, as well as stakeholders and staff.” Currently, we are focusing on five broad thematic areas: Advocacy and Networking; Self-Regulation; Training and Capacity Building; Financial Linkage and Intermediation, and Promotion of Technology Adoption.
To develop and strengthen non-bank MFIs, fostering a viable rural finance system in Nigeria.
To become the best micro-finance network in Africa by 2020. Sponsored by: