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Nigeria : WORLD BANK sanctions N80.7 billion for promoting agriculture in NORTHERN NIGERIA

June 23, 2014

N80.7 billion (about $495.3 million) has been sanctioned by the World Bank for promoting agriculture in Northern Nigeria.

The funds was sanctuioned from the bank`s executive directolrs for developimg farmers access to irrigation and drainage services.

These money would be utilized for disbursing to strengthen institutional arrangements for integrated water resources management and enhance delivery of agricultural services in selected large-scale public schemes in the Northern part of Nigeria.

Authorities aim to achieve the aforementioned objectives through a project called Transforming Irrigation Management in Nigeria (TRIMING).

TRIMING would develop existing irrigation on 27,000 hectares, irrigate an additional 23,000 hectares, and benefit more than 140,000 farmers, while mobilising private sector investment.

The Federal Ministry of Water Resources (FMWR) would be executing the project, which is anticipated to scheduled to become effective from Oct. 1.

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Source: TendersInfo (India)

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