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FADAMA 111 PROJECT ADDITIONAL FINANCING

FADAMA 111 PROJECT ADDITIONAL FINANCING
supporting farming as a business with focus on Rice, Cassava, Sorghum and Tomato value chains.

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The Nigerian Agricultural Quarantine Service (NAQS)

Sunday 10 April 2016

FG expands Fadama 111 AF


Fadama 111

There are great indications that Fadama 111 Additional Financing (AF) seeking approval for expansion of the World Bank assisted programme to the other states of the federation have got the positive nods of the apex decision body of the National Council on Agriculture and Rural Development (FMARD).


In a memorandum presented at the Kano meeting it was stated that Fadama 111 AF is a $200 million World Bank support to build on the existing platform of the programme for the production of rice, cassava, sorghum and tomatoes under horticulture I six states of the Federation including Kano, Kogi, Lagos, Anambra, Niger and Enugu. 

This request was very timely with the Federal Government solicitation for financial help from the foreign donors like World Bank, AFDB, Islamic bank and the rest through the Finance Minister Mrs Kemi Adeosun who had said that the lean budget for Agriculture would be compliment by the donor partners’ support for the sector.

The paper further stated that “ the Fadama 111 AF aims to scale up the impacts and develop effectiveness of Fadama 111 project by aligning it more closely with Agricultural Transformation Agenda which was adopted by the Government of Nigeria in 2011. The implementation arrangement involves the support to clusters of farmers in select states with comparative  advantage and high potential to increase production and productivity of cassava, rice, sorghum and horticulture value chains thereby linking producers to better organized markets of staple Crop Processing Zones. 

Some of the new innovative benefits expected in this proposal include Fadama Users Equity Fund (FUEF), Federation of the Fadama Community Association (FFCA) and social inclusivity of the project as currently many of the Fadama 111 group are being nurtured to access the Central Bank of Nigeria (CBN) N220 Billion MSMEDEF through RUFIN-mentored MFI/MFBs.

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