Nanono commends IFAD’s $360m worth grant in Nigeria’s agricultural sector

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By: Bamidele Fashube

The Minister of Agriculture, Alhaji Muhammed Nanono has commended the International Fund for Agricultural Development’s (IFAD) grant worth $360million towards agricultural development in Nigeria.

He said the organization’s mandate was in tandem with that of the Ministry of Ministry of Agriculture and Rural Development.

The Minister stated this at the inauguration ceremony of the combined National Steering Committee and Review/Approval of 2021 Annual Work Plan and budget for three IFAD – assisted projects held in his office on Tuesday.

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According to him, collaboration and partnership arising from international development/donor cooperation have yielded positive results in the development of Nigeria’s agricultural sector.

He said projects executed with the fund were more focused in rural communities, while targeting over 250,000 vulnerable small holder farmers.

To this end, he urged the committee to consider and approve the Annual Work Plan and Budget for 2021; review and assess progress made in project implementation; and provide policy advisory and general oversight to the programmes.

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Earlier, the Permanent Secretary Dr. Ernest Umakhihe, noted that projects executed with the funds were creating jobs and improving the welfare and livelihood of vulnerable small holder farmers, especially women and youths, on a sustainable basis.

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