By: Agronature Admin
Investigation on World Bank financing of Nigeria’s Agriculture sector has revealed how the nation has so far secured over $2 billion ($2,065,300,000) worth of agricultural projects financed by the global bank in the country.
The projects were approved for execution intermittently within 9 years, from 2008 to 2017.
However, indications have shown that despite the massive funding a commensurate result is yet to be achieved as the country still import most of its staple foods, except for rice which recently dropped from 644,131 tons in 2015 to 21, 000 tons in 2017 as well as fish imports.
Since 1971, World Bank have funded many agriculture projects on behalf of the Federal Government to the tune of $4.83 billion aside from the most recent and ongoing projects.
According to information gathered from the Nigeria Bureau of Statistics (NBS), World Bank, the African Development Bank (AfDB) and the Food and Agriculture Organization (FAO) of the United Nations (UN), and made available to Agronature Nigeria by Premium Times Centre for Investigative Journalism (PTCIJ), the project ranges from FADAMA to rural mobility interventions.
For instance, the FADAMA III World Bank project with Identification (P096572) got $250 million and approved on July 1st, 2008, followed by $200 million State Employment and Expenditure for Results Projects (P121455) approved on March 6th, 2012 and Nigeria Erosion and Watershed Management Project (NEWMAP) with ID (P124905) approved at $500 million on 8th may, 2012.
Others are $170 million NG-Rural Access and Mobility Project, Phase 2 (P095003) approved on September 25th, 2012; $200 million FADAMA III AF (P130788) approved on June 28th, 2013; Transforming Irrigation management in Nigeria ID (123112) approved at $495.30m on June 19th, 2014; FADAMA III AF 2 with ID (P158535) approved $50 million on June 7th, 2016 and Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Project ID (P148616) got $200 million approval on March 23rd, 2017.
These approved funds were different from financial supports from the FAO.
But from March 2011 to October 2016, the FAO supported the nation’s agriculture sector with extra donations in millions.
Aside from supports from international donors and development partners, the sector has also suffered serious commitment from the federal government, especially in the area of funding. The Maputo Declaration on Agriculture and Food Security in Africa is a commitment endorsed by the federal government alongside other African member states.
However, 14 years after, Nigeria is yet to fulfill its commitment by allocating 10 per cent of annual budgetary allocation to the sector, despite its significant contributions to the economy and job creation to most rural communities.
The highest allocation to the sector was in 2008 when about 4.5 per cent of the year’s budget was assigned to the sector.
In 2017 budget, the agriculture sector got about N135.54 billion from the overall budget of N7.4 trillion representing only 1.82 per cent.
The Programme Manager, African Centre for Food Agriculture and Sustainable Development (Afri-CASD), Mr. Kazeem Biriowo called for a change of attitude on the part of government. He described agriculture as one of the drivers of the economy that should enjoy significant attention and supports from the government.
According to him, but for recent interventions, the sector has suffered serious setbacks. He noted that the sector still deserve more attention considering the issue of post-harvest losses, communal crisis as a result of share over natural resources, poor rural access road as well as pests.
Biriowo, while commending the current administration for its efforts so far urged it to vigorously pursue implementation of the Agriculture Promotion Policy (APP) for benefit of the masses.