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FG requests additional $25 million financing from IFAD for two agricultural projects

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The federal government has appealed to the International Fund for Agricultural Development (IFAD) to provide additional funding of $20 million for the Livelihood Improvement Family Enterprise – Niger Delta (LIFE-ND) phase 2 and $5 million grant for Value Chain Development Program (VCDP).

The Nigerian Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made the appeal during a meeting in Abuja with Dr. Donal Brown, the Associate Vice President of the International Fund for Agricultural Development (IFAD).

Sen Kyari expressed gratitude to IFAD for its significant role in tackling the extraordinary challenges within the global food system.

He also requested the disbursement of the $5 million grant for the Value Chain Development Program (VCDP) to enhance the initiative’s effectiveness.

He further Nigeria’s strong dedication to enhancing agricultural development and improving livelihoods through its partnership with IFAD and noted that three programs being supported by the organisation will increase the pace of growth in global food systems.

On his part, the Associate Vice President of IFAD, Dr. Donal Brown, mentioned that his visit aims to reinforce the current collaboration and consider future and ongoing projects.

He noted that the government’s promise to settle past dues indicates a robust partnership and signifies its dedication to enhancing this collaboration.

 

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