1 min read

IFAD Spends $604.6m On Nigeria’s Agric Sector in Seven Years

The International Fund for Agricultural Development said it has directly invested $604.6 million in Nigeria’s agricultural sector through domestic and international co-financing from 2016 to 2023.

It said that 5,144,805 persons across 28 states of the country benefitted from viable interventions initiated by the programme.

The Monitoring and Evaluation Adviser, FGN/CPAT-Country Programme Advisory Team, Mr. Abdulhameed Girai, disclosed this on Thursday in Maiduguri at a two-day Regional Consultative workshop for Nigeria’s 2024-2029 project.

He said the farmers benefited under its Country Strategic Opportunities Programme in the past seven years.
According to him, IFAD is providing viable interventions to support farmers and facilitate sustainable agricultural development in the country.

He listed the programmes to include; Value Chain Development Programme; the Livelihood Improvement Family Enterprise Programme, and Special Agro-Industrial Processing Zone.

He said the beneficiaries had also benefited from other IFAD interventions such as Creating Employment Opportunities for Rural Youths in Africa and support to integrate agribusiness hubs in Nigeria.
“Youth Empowerment in Agri-Business and Sustainable Agriculture Projects, Promoting Sustainable Cage Agriculture in West Africa as well as Agricultural Transformation in Nigeria towards achieving zero hunger initiative.
“FGN/IFAD projects have supported and strengthened 4,464 farmer organisations; 51,415 rural producers; 3,761 marketing groups; 240 Community Development Associations and 138 Financial Saving Associations,” he said.

He stressed that the aim of the workshop was to interact and get feedback from stakeholders, government officials, farmers, and youths on how to improve the next programme for 2024-2029.

Also, IFAD’s Financial Inclusion Specialist, Mr. Yusuf Halliru, said the exercise was designed to allow for consultations to fast track implementation of the programme.

“We are ending the one for 2016/2023 because the stakeholders need to own the document, IFAD finds it necessary to come to the regions to speak to the beneficiaries.

“We want to get the feedback of beneficiaries, and stakeholders in terms of what are their expectations from the viewpoint of the farmers, women, and persons with disabilities”.

Similarly, Programme Manager, Borno State Agricultural Development Programme, Darma Muhammad, said the workshop would chart a way towards achieving greater goals of the IFAD programme.

He said the programme had encouraged agricultural productivity and improved the income generation of over 200,000 farmers in Borno.


Dare Akogun

Dare Akogun is a dynamic media innovator, strategic communication professional, and seasoned climate and environmental sustainability journalist with over 10 years of influential contributions to the media industry.

He Currently serving as the Head of Digital Media, Senior News Editor, and a presenter at Sobi FM 101.9, a leading radio station in Ilorin, Nigeria.

Dare is on a mission to leverage his media innovation expertise and project management skills to produce high-quality, accurate, and engaging content, while advocating for reduced fossil fuel consumption, especially coal, to combat effect of global warming.

He has covered comprehensively environmental issues and COP conferences, including COP28 in Dubai last year , COP 27 in Egypt, and the United Nations Least Developed Countries conference in Doha, in 2023.

He is a recipient of fellowship to be part of a 15 team of journalists selected worldwide to cover the Berlin Energy Transition Dialogue 2024.

He has a Master's Degree in Mass Communication, from the University of Lagos, a Bachelor's Degree in Journalism from the Lagos State University and also a
Certification in Business Administration and Management, from the Babson College, Massachusetts, United States of America.

Leave a Reply

Your email address will not be published.

Previous Story

Irregular Migration: UNHCR, NAPTIP, Others Call For More Action

Next Story

Rice Imports into Nigeria Drops to 438 tons in 2022