World Bank expands agriculture development project in Nigeria

The World Bank is expanding an agriculture development project it is co-financing in Nigeria to include five more states. No fresh funding was announced but new project activities in the additional states are expected to be added.

The World Bank is providing $150 million for the Commercial Agriculture Development Project, which aims to improve the efficiency of Nigeria’s agriculture systems and help commercial farmers gain greater access to markets, particularly those involved in value chains such as cocoa, fruit, palm oil, dairy and poultry farming. The project was approved in 2009 with an initial target scope of five Nigerian states and is managed by the Federal Ministry of Finance and the National Food Reserve Agency. It is scheduled to conclude December 2014.

The decision to expand the project’s scope was reached following a midterm review of the project conducted by the World Bank. The names of the additional states, however, were not yet announced.

The Daily Trust, a Nigeria newspaper, notes the addition of new beneficiary states is expected to add value chains to the project’s focus. New activities, such as the installation of energy transmission lines and construction of farm-to-market roads, in the five states could also be undertaken. Energy and road infrastructure initiatives were among the activities implemented under the project over the past years.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.