The World Bank is to support six Nigerian states with $200 million to participate in anew agriculture programme tagged Agriculture Productivity Processing Enhancement and Livelihood Scheme Project (APPEALS). It will focus on food security, local production, job creation and economic diversification.
The participating states are Kano, Kaduna, Lagos, Cross River, Kogi and Enugu.
Dr Sheu Salau, the bank’s Task Team Leader, revealed that 40 per cent of the amount would go to projects to support youth and women in the participating states.
According to the World Bank, the project would perform the following:
- Supports the country’s policy thrusts on food security, local production, job creation and economic diversification.
- Respond to the recurring issues of low productivity, limited farmers’ participation to agribusiness supply chains, and institutional realignment in the agricultural sector, and will help increase agricultural productivity and production.
- Improve processing and marketing, foster job creation, increase household income and livelihood in participating states.
- Benefit women and youth businesses such as horticulture, poultry and aquaculture.
The Bank in March, 2017 had approved $200 million credit to support the Federal Government in enhancing agricultural productivity of small and medium scale farmers.
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