World Bank earmarks $200m for 60,000 Nigerians

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World Bank

World Bank has earmarked the sum of $200 to an Agriculture-funded project to no fewer than 60,000 Nigerians.

21,000 women are direct beneficiaries of the World Bank project.

 The project referred to as Productivity Enhancement and Livelihood Improvement Support (APPEALS) is scheduled to be executed in six states in the country.

In addition, it would also target 360,000 farm household members as indirect beneficiaries.

The Head, Corporate Communications of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, Anne Ihugba, noted that the project would be deployed in Cross River,  Enugu, Lagos, Kogi, Kaduna, and Kano states.

Quoting her:

“It is anticipated that 35 percent of direct beneficiaries or 21,000 individuals will be women. Additionally, the project has a dedicated sub-component to benefit women and youths that will allow them to develop agri-businesses that are expected to create jobs and improve their livelihoods”.

“In line with the project development objective of APPEALS, NIRSAL would provide its Tools, Techniques, Methodologies and strategic Partnerships (TTMPs) according to its Mapping to Markets (M2M) strategy on the project”.

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She stressed that the project was meant for development, financing, and support of de-risked and optimized agribusiness projects, pointing out that this was with the aim of enhancing agricultural productivity of small and medium scale farmers.

Africh Royale

Africh Royale

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