FCMB congratulates Gona on winning the Schwab Award.

First City Monument Bank (FCMB) has congratulated Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social Entrepreneurship at the World Economic Forum annual meeting recently in Davos, Switzerland.
 

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The Schwab Award is a social innovation award that recognizes individuals and organizations that have contributed exceptionally to society by solving complex problems and showing that change is possible.
 

In a statement issued in Lagos, FCMB stated that it is proud to be associated with Babban Gona and excited to be a part of its journey.
 

While congratulating the social enterprise and affirming continued support for its programs, the bank stated that winning the prestigious Schwab Award for Social Entrepreneurship is a testament to its impact on people’s lives around Nigeria.
 

Babban Gona is an award-winning and high-impact agri-tech social enterprise that focuses on making farming more financially and environmentally sustainable.
 

Babban Gona is supported by First City Monument Bank, KfW, FMO, EDFI, IFAD, Mastercard Foundation, DFID, USAID, Bill and Melinda Gates Foundation, Rippleworks, Skoll Foundation, the Central Bank of Nigeria, and Nigeria Sovereign Investment Authority, among others.

Babban Gona co-founders Kola Masha and Lola Masha are social entrepreneurs who have set out to disrupt the downward spiral of poverty and violence in parts of Northern Nigeria by creating opportunities for dignified and fulfilling work for the very demographic that runs the risk of being led astray, the rural youth.

To address this challenge, Babban Gona, which means “Great Farm” in Hausa, was born in 2012 to make farming more profitable for rural youths, turning them into successful entrepreneurs. Thus, Babban Gona stimulates local economies at scale, disrupting the cycle of poverty and violence in some of Nigeria’s most vulnerable communities.
 

Babban Gona started its agricultural franchise model with just 100 farmers and has grown 1,000-fold to support 100,000 farmers in 10 years.