As the global food crisis occasioned by the Russia-Ukraine war pushes inflation higher in the country, inter-dealer brokerage firm, Parthian Partners has said it is looking at helping farmers in the country source funds.
Group managing director, Parthian Partners Limited, Oluseye Olusoga, speaking at the firm’s 10th anniversary gala held in Lagos said the planned financing of farmers in the country is to help them get the required funding for inputs that will help increase yields.
“We have seen different schemes that the central bank has tried to come up with, and there are different companies that are out there that basically help the farmers source for funds to buy agricultural inputs like fertilizer and high yielding seedlings.
“We will spend a lot more time trying to do a lot more financial inclusion work, focusing extensively on the agricultural sector. Because we believe strongly that food insecurity is actually going to be a major problem, not just for Nigeria, but for the whole world, going into the next five years.”
Olusoga furthered that finding ways to support the agricultural sector is extremely important and worth keeping focus on financially, and also from a strategic perspective, noting that a lot of the grains used in the world today come from Ukraine.
“Even if the war in that country stopped tomorrow, it will take a while before people are actually able to feed the nation, because of scarcity and high cost of fertilizer meaning that food will get a lot more expensive.”
Noting that food insecurity remains the biggest problem, not just for Nigeria, but for the world at large, Olusoga said, there is a need for the firm to do its part in ensuring that the problem is alleviated, stressing that even though the firm cannot do it alone, it will allocate and try to work with different partners to see how the impact on Nigeria can be reduced, while working in the financial space.
“And we are exactly looking at things like quality and standards. So for us, quality and standards are extremely important and on the kind of projects that we would actually be working to finance.So basically, we’re helping them to actually fund the fertilizers and then when the products are out, we get our money back,” he stated.
Parthian Partners is a player in fixed income, structured finance, equities and financial integration, serving both the demand and supply side of fixed income markets by providing access, price discovery and liquidity. “Today, we are not just Nigeria’s foremost interdealer broker, but a leading provider of world-class investment and financial services.
“At Parthian, it is all about service, giving our best, and making a lasting impression on our clients. We stay consistent in our drive to build capacities while delivering excellent service. While commending capital market regulators for providing responsible oversight, he emphasised, “We are the first Inter-Dealer Broker in Nigeria to issue and successfully redeem a N20billion Commercial Paper on the FMDQ Exchange. Our attitude of perfection enables us to help clients achieve their goals, no matter how big.”
Earlier in his opening remarks, the Chairman, Parthian Partners, Adedotun Sulaiman expressed delight at what Nigerian youths that made up all the staff crew at Parthian Partners are doing. The renowned and retired management consultant and expert in business and organization strategy added that they have surpassed all expectations in just 10 years.
