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Nigeria : WORLD BANK supports NORTHERN NIGERIA with $495.3m to develop agriculture sector

June 26, 2014

The Communications Associate to the World Bank Mr. Bamidele Oladokun has revealed in a statement in Abuja that the Washington-headquartered global donor has given approval for US$ 495.3 million (almost N80.7 billion) worth of funding to Northern Nigeria intended at developing the agriculture sector of the region.

The statement has further revealed that the Executive Directors of the World Bank has cleared the funding to provide better access to irrigation and drainage facilities to the cultivators. According to the statement, the funds will also help in reinforcing institutional capacities for integrated water resources management.

The statement added, 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 statement mentioned the World Bank s Acting VP for Africa Region Mr. Jamal Saghir as stating 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.

The statement has further disclosed that agriculture, which forms a vital sector of the Nigerian economy, contributed 22% of the gross domestic product (GDP) of the country in 2012.

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Source: TendersInfo (India)