Posts
 |
| 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.
No comments:
Post a Comment