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Nigeria : WORLD BANK ready to support agriculture in NORTHERN NIGERIA with $495.3m offering

June 24, 2014

The World Bank has announced on Friday that it has given approval for US$ 495.3 million (about N80.7 billion) worth of funding support to Northern Nigeria intended at helping the agriculture sector of the region.

Issuing a statement in Abuja, the Communications Associate to the bank Mr. Bamidele Oladokun has revealed this.

According to the statement, the Executive Directors of the bank has cleared the funding proposal to enhance access to irrigation and drainage facilities to the cultivators.

It has stated that the funds will also facilitate to reinforce institutional capacities for integrated water resources management.

The statement continued, The board also intends to enhance delivery of agricultural services in selected large-scale public schemes in the Northern Nigeria.

This will be done through a project, Transforming Irrigation Management in Nigeria (TRIMING).

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

It marks a transformational effort to improve large-scale public irrigation for expanding food production and encourage economic growth in rural areas.

This is necessary to end poverty and boost prosperity, as well as enhance resilience of agriculture production systems.

The bank s Acting VP for Africa Region Mr. Jamal Saghir has stated that unlocking Africa s development potential requires interventions in key sectors, such as energy and water.

By taking a comprehensive approach, the TRIMING project will increase farm productivity, build climate resilience and reduce flooding risks.

It will also improve the lives and well-being of millions of Nigerian citizens in Africa s largest economy.

Agriculture sector contributed 22% of the GDP of Nigeria in 2012.

It added, The Nigeria s Agricultural Transformation Agenda (ATA) is a major initiative to drive rural income growth, accelerate achievement of food and nutritional security, and generate employment.

The bank s portfolio of projects in agriculture, including research, extension and technology dissemination, market access and value addition, was fully geared towards supporting the implementation of the ATA.

Reaching the ATA s goals requires pursuing an ambitious policy and institutional reform agenda, and transforming public irrigation will play an important role for securing sustainable growth of food production.

The Bank Director (Nigeria) Miss Marie-Francoise Nelly stated, The project will help to set-up Water User Associations (WUAs) and engage local communities in setting, collecting, and allocating water user fees.

It will also help support the design of a comprehensive reform package for water resources management and irrigation in Nigeria.

The Federal Ministry of Water Resources will execute this project.

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Source: TendersInfo (India)

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