Nigeria's agro pocket receives $134 million from AfDB as the food emergency progresses
Nigeria
Published Jul 20, 2022
Tridge summary
Nigeria has just received a new boost to its National Agriculture and Agro Pocket Growth Scheme (NAGS&AP) launched at the end of November 2021, with the African Development Bank (AfDB) granting a loan of $ 134 million which will also serve as leverage with other donors. This program in Nigeria aims to accelerate the implementation of policy and institutional reforms and stimulate private sector participation in agriculture.
Original content
Nigeria has just received a new boost to its National Agriculture and Agro Pocket Growth Scheme (NAGS&AP) launched at the end of November 2021, with the African Development Bank (AfDB) granting a loan of $ 134 million which will also serve as leverage with other donors. This program in Nigeria aims to accelerate the implementation of political and institutional reforms and stimulate private sector participation in agriculture. In terms of productive results, the aim is to increase grain and oilseed production by 7 million tonnes (Mt) to reach 35 Mt. This will also increase average grain yields by 1.42 tonnes to 2 tons per hectare during the project implementation period which runs from September 2022 to December 2023, according to the press release. The most populous country in Africa, Nigeria is expected to have 402 million inhabitants by 2050 (206 million in 2020) and would be the third most populous country in the world. The population, 48% rural, produces up to 90% of national ...
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