Agriculture

World Bank sets aside $200 million for Fadama III Additional Financing in Nigeria

Monday, 29 May 2017 11:28

(Ecofin Agency) - $200 million. That is the amount that was earmarked by the World Bank for the Fadama III Additional Financing of projects in Nigeria.

Disclosing this at the opening of the Fadama III Additional Financing Mid-Term Review Mission to Cross River, World Bank’s consultant on the project, Idris Badiru said: “Cross River is moving in the right direction; we hope they will continue to improve”.

The Additional Financing for Fadama III project aims at boosting revenues of users of rural land and water resources within the Fadama areas across the country. It covers six states and “will focus on improving farm productivity performance of clusters of farmers engaged in priority food staples namely rice, cassava, sorghum and horticulture”, World Bank said on its website.

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