Small hold farmers in Nigeria will benefit from a US$74.7 million loan from IFAD.
IFAD has partnered with the Federal Republic of Nigeria to establish a Value Chain Development Programme. The loan agreement, signed into place by Ngozi Okonjo-Iweala, Coordinating Minister of the Economy and Minister of Finance, Nigeria, and Kanayo F. Nwanze, President, IFAD, will improve food security and farmer incomes by supporting small hold farmers who produce cassava and rice in the states of Anambra, Benue, Ebonyi, Niger, Ogun, and Taraba; it is estimated that over 200,000 poor rural households will benefit directly.
Building rural infrastructure and strengthening the capacity of farmer organizations will be the main pathways of development for the IFAD programme as they aid the Federal Republic of Nigeria in its efforts to reduce rice imports, boost cassava production, and bring the rural population above the poverty line.
More information on the Nigeria Value Chain Development Programme can be found on the IFAD website.