Afdb fao to raise 100m for agriculture in nigeria others

You're referring to the African Development Bank (AfDB) and the Food and Agriculture Organization (FAO) collaborating to raise $100 million for agriculture in Nigeria and other countries.

Here's a summary of the initiative:

AfDB-FAO Partnership

The African Development Bank (AfDB) and the Food and Agriculture Organization (FAO) of the United Nations have partnered to support agricultural development in Nigeria and other African countries. The partnership aims to raise $100 million to improve agricultural productivity, enhance food security, and promote sustainable agriculture practices.

Objectives

The objectives of the partnership are to:

  1. Improve agricultural productivity and competitiveness in Nigeria and other African countries.
  2. Enhance food security and nutrition for vulnerable populations.
  3. Promote sustainable agriculture practices and reduce environmental degradation.
  4. Support smallholder farmers and rural communities to increase their income and improve their livelihoods.

Focus Areas

The partnership will focus on the following areas:

  1. Agricultural productivity and competitiveness: Improving crop and animal production, and enhancing the competitiveness of Nigerian farmers in the global market.
  2. Food security and nutrition: Increasing access to nutritious food, particularly for vulnerable populations, such as women and children.
  3. Sustainable agriculture practices: Promoting climate-resilient agriculture, conservation agriculture, and organic farming practices.
  4. Smallholder farmers and rural communities: Supporting smallholder farmers and rural communities to increase their income and improve their livelihoods.

Implementation

The partnership will be implemented through a combination of grants, loans, and technical assistance. The AfDB will provide financing and technical assistance, while the FAO will provide technical expertise and support to smallholder farmers and rural communities.

Benefits

The partnership is expected to bring several benefits, including:

  1. Improved agricultural productivity and competitiveness.
  2. Enhanced food security and nutrition.
  3. Increased income and improved livelihoods for smallholder farmers and rural communities.
  4. Reduced poverty and inequality.
  5. Promoting sustainable agriculture practices and reducing environmental degradation.

Overall, the AfDB-FAO partnership aims to support the development of Nigeria's agricultural sector and promote sustainable agriculture practices, ultimately contributing to the country's economic growth and poverty reduction.