Niger is grappling with acute food insecurity affecting over 3.4 million people, according to the World Bank. To address this crisis, the institution has announced a funding package aimed at providing sustainable solutions to the country's agricultural and climate challenges.
The World Bank unveiled last week a $1 billion 12-year support program for Niger's agriculture and livestock sectors. The initiative is part of the Livestock and Agricultural Modernization Project (LAMP), which will roll out in three phases.
Phase one will run until 2029 for an investment of $350 million. It will focus on adopting climate-smart technologies, improving irrigation systems, and promoting good agricultural and livestock practices. The efforts aim to boost productivity, enhance food security, and improve climate resilience for 1.5 million people while facilitating local entrepreneurs' access to financing.
“This program will significantly improve agricultural and livestock productivity. It will support irrigation development - 18,000 ha during the first phase alone. It will also improve seeds and livestock breeds, and support access to finance for entrepreneurs," the Bank said.
Niger faces persistent climate change effects and rising jihadist attacks, contributing to growing food insecurity. Decreased rainfall, higher temperatures, and increased desertification have led to more frequent droughts and floods. According to the World Bank, over 3.4 million Nigeriens are currently experiencing acute food insecurity.
Long-term, the LAMP project aims to bolster food and nutrition security for 5 million Nigeriens and improve climate resilience for 3 million.
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...