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| National Coordinator, Agricultural Transformation Agenda Support Program (phase-1) Dr. Mohammed Ibrahim Arabi |
The Central Bank of Nigeria (CBN) has been implored to institute a developmental agricultural project that will reflect donors from World and African Development Banks across the states of federation towards achieving food security, wealth and job creations in a more structured and accountable ways.
In a chat with Foodfarmnews, the National Coordinator, Agricultural Transformation
Agenda Support Program (phase-1) Dr. Mohammed Ibrahim Arabi said that the
financial intervention mandate of CBN would be more impactful through a
structured implementation and evaluation monitoring template of value chains
food productivity with rural people in the states where such are not yet being
implemented adding such project had always made provision for social
infrastructural facilities for better livelihood.
Dr. Arabi pointed that the impact of
agricultural donor projects is very evident in food security, wealth creation
and infrastructural development in the rural areas, adding that the AfDB and
World Bank interventions in agric projects are laudable with crystal difference
of achievement in food productivity, infrastructural provision and empowerment
of people in the few states of operations.
He stressed that CBN financial
development mandate can be replicated or tailored along the same donor agric
projects of world bank and AfDB to achieve same food productivity as recorded
in Agricultural Transformation Agenda Support Program ( ATASP-1) and Fadama 111
in their different states of operations.
‘’There are many other donor
agricultural projects that have been doing wonderfully well in terms of
empowerment and food security like Agro-Processing, Productivity Enhancement
and Livelihood Support Project ( APPEALS) of World Bank, International Fund For
Agriculture-Climate Change Adaptation and Agricbusiness Support Programme
(IFAD-CASP), Value Chain Development Program (VCDP) also by IFAD, Rural Access
And Mobility Project (RAAMP/RAMP), Livelihood Improvement and Family
Enterprise-Delta (LIFE-ND), and Livestock Productivity and Resilience Support
(L-PRES). All these, the CBN can replicate at all the states that are not yet participating
said the ATASP-1 National Coordinator.
He was of the view that CBN would be
better appreciated by replicating donor agric project saying the advantages
include that
1-
It will improve food status of entire
nation, and state where it is being implemented.
2-
Increase employment generation for
the youths and women with wealth creation.
3-
It gives accountability due to
effective monitoring and evaluation
4-
The financial management of the
project fund is effective, efficient and transparent to give value for money
5-
The development strategy is also
focus with clear inputs, outputs and outcomes.
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