Reported by: Ime Richard Aondofa | Edited by: Henry Owen | Stone Reporters News
The Federal Government of Nigeria has officially welcomed the World Bank’s commitment of $500 million to support the nation under the $14 billion Agri-Connect Initiative, a six-year programme aimed at accelerating agricultural transformation and enhancing productivity across participating countries by 2030.
The funding represents a significant milestone in Nigeria’s efforts to strengthen agricultural value chains, improve market linkages, and expand opportunities for farmers, processors, and agribusinesses nationwide. The programme is designed to deepen connections between producers, markets, and financial systems, while boosting agro-processing capacity and improving rural livelihoods through coordinated value-chain development.
Nigeria is actively engaging with the World Bank on the programme’s implementation framework. Agri-Connect will prioritize farmer aggregation, structured market linkages, and integration of Micro, Small, and Medium-Scale Enterprises (MSMEs) into key agricultural value chains, fostering inclusive growth and expanding opportunities for participation across the sector.
The initiative will also complement ongoing Federal Government projects, including the Special Agro-Industrial Processing Zones (SAPZs), to stimulate rural agro-industrial development and create meaningful economic opportunities for youth and women engaged in agribusiness.
The Federal Government emphasized that transparency, accountability, and organized farmer participation will remain central to the strategy. Authorities have committed to effective oversight to ensure the benefits of the programme reach the intended farmers and agri-food stakeholders nationwide, maximizing the impact of the World Bank support.
By Stone Reporters News
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