News

World Bank to spend $200 million to boost Nigeria’s livestock industry

  • Comments   -   Wednesday, 19 April 2017 - 16:16

(Ecofin Agency) - World Bank will inject $200 million into Nigeria’s livestock sub-sector, revealed Adetunji Oredipe, World Bank’s FADAMA Team Leader. The facility will be dedicated to a project which aims to revive the sector and for which discussions with the government are ongoing.

According to the team leader, livestock production in Nigeria is faced with a feed quality issue. The $200 million investment falls under a reform programme entitled Livestock Micro Reform project. “Under the approach we are looking at financing, breeding and processing issues as well as industrial issues,”said Oredipe. In the framework of the project, the Bretton Woods institution has approved the disbursement of $25 million to revamp animal health sector.

World Bank’s move aligns with Nigeria’s strategy to diversify its economy into non-oil products, thus making it more resilient to a fall in oil prices. Agriculture’s contribution to the country’s GDP stands at about 20% as it derives two-third of its revenues from oil. 

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
The Nigerian National Petroleum Company (NNPC) says it has reduced the cost...
Read more |  17 August 2017
Africa’s richest man, Aliko Dangote, said he plans to invest between $20 billion...
Read more |  17 August 2017
Port-Louis, Mauritius’ capital, plans to start exploiting 20,000 ha of agricultural lands...
Read more |  17 August 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-08-11 00:58:25' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-07-19 01:01:29' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-08-18 01:02:46' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=37297,37296,37295,37294,
reference=37297,37296,37295,37294,0
At the end of the 2016-17 fiscal year, Ethiopia’s horticultural exports generated $271...
Read more |  17 August 2017
Chinese firm Chinalco plans to invest $500 million to develop a bauxite project...
Read more |  17 August 2017
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
Africa’s richest man, Aliko Dangote, said he plans to invest between $20 billion...
Read more |  17 August 2017
Port-Louis, Mauritius’ capital, plans to start exploiting 20,000 ha of agricultural lands...
Read more |  17 August 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-08-11 00:58:25' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-07-19 01:01:29' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-08-18 01:02:46' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
At the end of the 2016-17 fiscal year, Ethiopia’s horticultural exports generated $271...
Read more |  17 August 2017
Chinese firm Chinalco plans to invest $500 million to develop a bauxite project...
Read more |  17 August 2017

Copyright Agence Ecofin © 2015. All Rights Reserved.