Six states to participate in W/Bank’s agric project
The World Bank is to support six
Nigerian states with $200 million to participate in the new
agriculture programme.
The participating states are Kano,
Kaduna, Lagos, Cross River, Kogi and Enugu.
The programme is tagged Agriculture
Productivity Processing Enhancement and Livelihood Scheme Project
(APPEALS).
It will focus on food security, local
production, job creation and economic diversification.
Dr Sheu Salau, the bank’s Task Team
Leader, told the News Agency of Nigeria (NAN) on Wednesday in Kaduna
on the side line of a two-day Wrap-up meeting on Commercial
Agriculture Development Project (CADP).
The team leader said 40 per cent of the
amount would go to projects to support youth and women in the
participating states.
Salau said the successful
implementation of the CADP programme informed the approval for the
new project.
The Bank in March, 2017 approved the
$200 million credit to support the Federal Government in enhancing
agricultural productivity of small and medium scale farmers.
“The project supports the country
policy thrusts on food security, local production, job creation and
economic diversification.
“It responds to the recurring issues
of low productivity, limited farmers’ participation to agribusiness
supply chains, and institutional realignment in the agricultural
sector.“
According to the bank, the project will
help increase agricultural productivity and production.
It would also improve processing and
marketing, foster job creation, and increase household income and
livelihood in participating states.
He added that the new project would
benefit women and youth businesses such as horticulture, poultry and
aquaculture.
“The number of project’s direct
beneficiaries is 60,000 individuals, 35 percent of which will be
women.
“Overall, about 300,000 farm
household members are indirect beneficiaries,” the bank said.
On the CADP, Salau said 82 per cent of
the funds had been released to the beneficiaries and disbursement of
the balance would continue even after May 31, when the project would
wind up.
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