USAID supports Nigeria’s agriculture sector with $600m yearly

PUNCH

The United States Agency for International Development’s office in Nigeria, on Tuesday announced that it supported the development of Nigeria’s agriculture sector with $600m (about N183bn) annually.

USAID’s Mission Director in Nigeria, Mr. Michael Harvey, made the announcement in on the sidelines the inauguration of a new agricultural private sector partnership in Lagos.

World Bank supports agricultural sector with $50m

PM NEWS

The World Bank has pledged to support Nigeria’s agricultural sector with 50 million dollars towards the restoration of agricultural livelihood of Fadama beneficiaries in the North East.

Dr Adetunji Oredipe, Task Team Leader of the Fadama III project, disclosed on Thursday in an interview with News Agency of Nigeria (NAN) that the programme would last up until December 2019.

He said the programme had begun in Adamawa, Bauchi, Borno, Taraba, Gombe and Yobe states.

Oredipe disclosed that Borno, Yobe and Taraba had released their N20 million counterpart fund, while the three other states had given approval for payment.

He said that the bank had launched a special programme of Fadama for the North East towards actualising the programme.

Oredipe said that actualising the programme had become imperative because the bank was determined to help to restore livelihood in the region.

“We want to reach out to 24,000 households and we have the package for them as you know most of them have lost everything.

He said that the programme would be done in stages and there is a budget for every community where the bank is intervening.