World Bank Supported Nigeria with $200m For Agricultural Development Project.

world bankAt the gathering of stakeholders in Kaduna State to look at the economy diversification yesterday at the event themed Agriculture Productivity Processing Enhancement and Livelihood Scheme Projects (APPEALS) which was aims at creating awareness and focus on food security, local content and local production, and job creation for the country.

At the event it was disclosed that the World Bank supported the Nigeria government with $200 million to foster its economy diversification agenda towards agricultural development agenda.

It was disclosed that 9 States government in Nigeria will derive benefit from a new World Bank-supported $200 million agricultural programme.

A representative of the World Bank Dr. Sheu Salau, Task Team Leader, disclosed in an interview with journalists on the sidelines of a two-day meeting on Commercial Agriculture Development Project (CADP).

Dr. Sheu Salau, Task Team Leader stated that 40 percent of the money would go to projects to support youth and women in the participating states, which include Cross River, Enugu, Kaduna, Kano, Kogi, Lagos, while the remaining three states would be announced after fulfilling set conditions.

That 82 percent of Commercial Agriculture Development Project (CADP) funds had been released to the beneficiaries and disbursement of the balance would continue even after May 31, when the project would wind up.

Dr. Sheu Salau concluded on the remarks that more than 3,000 youths and women had benefited from the project in various food supply value chain programmes in the five states that participated.

Dr. Sheu Salau, further disclosed that the successful implementation of the Commercial Agriculture Development Project (CADP) programme informed the approval for the new project.

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