World Bank okays $495.3m for Nigerian farmers
he World Bank’s Board of Executive Directors on Friday approved a $495.3m International Development Association credit to improve farmer...
http://www.africaeagle.com/2014/06/world-bank-okays-4953m-for-nigerian.html
he World Bank’s Board of Executive
Directors on Friday approved a $495.3m International Development
Association credit to improve farmers’ access to irrigation and drainage
services in the Northern Nigeria.
A statement issued by the bank on Friday
said the money would strengthen institutional arrangements for
integrated water resources management and improve delivery of
agricultural services in selected, large-scale public schemes in
northern Nigeria.
“The Transforming Irrigation Management
in Nigeria project 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
catalysing economic growth in rural areas necessary to end poverty and
boost prosperity, as well as enhance resilience of agriculture
production systems,” the bank said.
Acting Vice President for the Africa
Region, World Bank, Jamal Saghir, said, “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, reduce flooding risks and improve the lives and well-being
of millions of Nigerian citizens in Africa’s largest economy.”
Justifying the credit, the bank said
agriculture is a key sector of the Nigerian economy accounting for 22
per cent of gross domestic product in 2012.
“The project will help to set-up Water
User Associations 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 bank said.
The government of Nigeria’s Agricultural
Transformation Agenda was a major initiative to drive rural income
growth, accelerate achievement of food and nutritional security, and
generate employment, it added.
The World Bank’s portfolio of projects in
agriculture, including agriculture research, extension and technology
dissemination, as well as market access and value addition, is fully
geared towards supporting the implementation of the ATA.
According to the bank, 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 World Bank Country Director for
Nigeria, Marie-Francoise Marie-Nelly, said, “Given Nigeria’s
determination to diversify and integrate its national economy to benefit
all Nigerians, this project will help to advance this ambition in three
vital ways, by restoring agricultural productivity, creating job
opportunities for a large number of unskilled young people, as well as
creating conditions for growth and peace in northern Nigeria.”
The World Bank Task Team Leader for the
TRIMING project, Mr. David Casanova, said the project’s innovative
approach “seeks to improve sustainability by promoting autonomy at
scheme level and empowering Water Users Associations.”
The project, which will be implemented by the Federal Ministry of Water Resources, is planned to become effective on October 1.