|Approval Date||15 Jul 2022|
|Planned Completion Date||31 Dec 2027|
|Last Disbursement Planned Date||31 Dec 2027|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||32161|
This intervention aims at combining the effect of increased productivity, increased cropping intensity and expansion of production areas. This will help to increase the volumes of locally produced foods that will in turn improve household and national food security, build resilience to external shocks and safeguard livelihoods to the benefit of the economy. Using the Agro-Pocket platform, the SBS will promote the Bank’s E-Agriculture flagship and using Risk Sharing Facilities such as Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), crowd-in investments in the sector. The Program consists of four (4) mutually reinforcing components namely: (i) Agriculture Sector Reforms; (ii) Improvement in Delivery of Farming Inputs and Quality Extension Services; (iii) Support to Wheat Production; and (iv) Enhancement of Private Sector Participation in Production of Agriculture Inputs.
The project objective is to build the resilience of small holder farmers through increased access to inputs and increase food and nutrition security.
The Program will support the FGN policy of providing enhanced access to quality and affordable agricultural inputs to 5 million farmers targeted by NAGS. Specifically, the Program will provide about one (1) million of the targeted NAGS small holder farmers with improved climate adapted agricultural production technologies, including certified seeds of heat tolerant wheat, drought tolerant maize, high yielding rice and soybean varieties, fertilizer and agro-chemicals, as well as advisory/extension services, to at least double their average yields.
African Development Bank
FEDERAL MINISTRY OF AGRICULTURE & RURAL DEVELOPMENT (FMARD)
|Last Update||24 Sep 2022|