Lagos State:Centre of Excellence. News|Discussions|Projects
Dec 4, 2015 11:50:53 GMT
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Post by Deleted on Dec 4, 2015 11:50:53 GMT
World Bank to assist Lagos to fund agric
thenationonlineng.net/world-bank-to-assist-lagos-to-fund-agric/
Senior Agricultural Economist, World Bank, Dr. Adetunji Adeleke Oredipe, said Lagos State may receive funding to repair farm infrastructure and expand the sector.
He spoke during the bank’s review mission in Lagos.
Oredipe said he was in town with other experts to review works accomplished under the Commercial Agriculture Development Project (CADP).
According to him, there is much need in Lagos, so the World Bank will support it financially for economic diversification.
Since the government is trying to diversify the economy, he said building other sectors would strengthen the production system and facilitate access to markets for small and medium scale commercial farmers.
Earlier, the World Bank Board of Executive Directors approved a $200 million credit for Lagos State to support some reforms, such as budget planning and execution.
This would help sustain the state’s recent economic growth and poverty reduction while continuing to deliver social services to the city’s expanding population, th ebank said.
The credit from the International Development Association (IDA) supports the Third Lagos State Development Policy Operation. It is the last of the two development policy operations, aimed at improving public finances and the investment climate.
Meanwhile, over 4000 farmers have benefited from Commercial Agriculture Development Project (CADP) in Lagos. The beneficiaries received over N2.7 billion from the World Bank-assisted project, the State Project Coordinator, Kehinde Ogunyinka said.
He spoke at the second CADP Post Restructured Implementation Support Mission in Lagos.
He said the state CADP notable achievements, especially on productivity, value-addition and marketed surplus were made. The achievements, according to him, are attributable to increased adoption of improved technologies, increased access to improved infrastructure and enhanced capacity of the beneficiaries to effectively participate in project implementation.
In rice production, he said CADP made two million metric tonnes for 2015/2016, an increase of 22.25 per cent. Fish production, juvenile production, smoked fish and fish feed increased by 59.51 per cent, 13.81 per cent, 35.44 per cent and over 100 per cent during the period.
According to him, the project implemented 25 demonstrations on improved technologies. On avian influenza, he said N7.4 million has paid as compensation to affected farmers.
Besides, he said the project has conducted awareness campaign on the outbreak.
Since the restructuring of the CADP, he said the project has incorporated the development of women and youths in agriculture in line with both the state and federal government’s agriculture development plan.
He said the project has empowered farmers through input grants and service providers engaged to supply the inputs the beneficiaries need.
He said farm access roads have been constructed to open up inaccessible agrarian communities. A co- Task Team Leader Dr. Shehu Salau said the World Bank is supporting Nigeria strategy options of diversifying into non-oil sources of growth through CADP.
He spoke during the bank’s review mission in Lagos.
Oredipe said he was in town with other experts to review works accomplished under the Commercial Agriculture Development Project (CADP).
According to him, there is much need in Lagos, so the World Bank will support it financially for economic diversification.
Since the government is trying to diversify the economy, he said building other sectors would strengthen the production system and facilitate access to markets for small and medium scale commercial farmers.
Earlier, the World Bank Board of Executive Directors approved a $200 million credit for Lagos State to support some reforms, such as budget planning and execution.
This would help sustain the state’s recent economic growth and poverty reduction while continuing to deliver social services to the city’s expanding population, th ebank said.
The credit from the International Development Association (IDA) supports the Third Lagos State Development Policy Operation. It is the last of the two development policy operations, aimed at improving public finances and the investment climate.
Meanwhile, over 4000 farmers have benefited from Commercial Agriculture Development Project (CADP) in Lagos. The beneficiaries received over N2.7 billion from the World Bank-assisted project, the State Project Coordinator, Kehinde Ogunyinka said.
He spoke at the second CADP Post Restructured Implementation Support Mission in Lagos.
He said the state CADP notable achievements, especially on productivity, value-addition and marketed surplus were made. The achievements, according to him, are attributable to increased adoption of improved technologies, increased access to improved infrastructure and enhanced capacity of the beneficiaries to effectively participate in project implementation.
In rice production, he said CADP made two million metric tonnes for 2015/2016, an increase of 22.25 per cent. Fish production, juvenile production, smoked fish and fish feed increased by 59.51 per cent, 13.81 per cent, 35.44 per cent and over 100 per cent during the period.
According to him, the project implemented 25 demonstrations on improved technologies. On avian influenza, he said N7.4 million has paid as compensation to affected farmers.
Besides, he said the project has conducted awareness campaign on the outbreak.
Since the restructuring of the CADP, he said the project has incorporated the development of women and youths in agriculture in line with both the state and federal government’s agriculture development plan.
He said the project has empowered farmers through input grants and service providers engaged to supply the inputs the beneficiaries need.
He said farm access roads have been constructed to open up inaccessible agrarian communities. A co- Task Team Leader Dr. Shehu Salau said the World Bank is supporting Nigeria strategy options of diversifying into non-oil sources of growth through CADP.
thenationonlineng.net/world-bank-to-assist-lagos-to-fund-agric/