Wednesday, 31 October 2018

IFAD invests $68.9m in Nigeria’s Agric sector- prgm officer

The International Fund for  Agricultural Development (IFAD),  under its Value Chain Development Programme (IFAD-VCDP) has invested $68.9 million into Nigeria’s Agricultural sector.
IFAD Programme Officer, Ms. Mariatu Kamara, made this known during the 2018 National Commodity Alliance Forum (NCAF), Abuja.
Kamara said that the IFAD-VCDP through the CAF initiative had generated about 68.9 million dollars as revenue through the annual production of 140,000 tonnes of rice and 30,000 tonnes of cassava.
Kamara who noted that CAF had been a success story called on the government to replicate the programme in other parts of the country, noting that IFAD would continue to support the government to enhance rural development.
In his remarks, Minister of State for Agriculture and Rural Development, who was represented by his Special Technical Adviser Agric-Business, Mrs Eniye Ambakederemo, described the programme as a boost to the Federal Government’s Agricultural Promotion Policy that has enhanced rice revolution scheme in the country
“The VCDP partnership with OLAM under the CAF initiative has attracted global attention.
“I urge other states to understand CAF and liaise with VCDP to replicate the successful model in their states.’’ He said.
On his part, National Programme Coordinator of IFAD-VCDP, Dr Ahmed Onoja, revealed that IFAD-VCDP had been invited by the United Nations Economic and Social Council to participate in the 2018 Sustainable Development Goals (SDGs) Investment Fair in New York so as to share its experience regarding the Public-Private Producer Partnership (4Ps model) with Olam.
Onoja explained that the adoption of 4Ps model had doubled farmers’ income while creating a firm structure for a sustainable supply of raw materials to processors.

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