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Title:
Nigeria - Support to National Agricultural Growth Scheme - Argo-Pocket
Detail:
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 primely contributes towards climate adaptation result. As such 40 % of the total approval is attributed as climate finance, out of which 54 million USD is adaptation finance.
Country:
Nigeria
Source:
African Development Bank Group
Published Date:
14.07.2022
URL:
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Regions:
Africa Sub-Saharan Africa Western Africa
Sectors:
Construction Agriculture-Food and Beverages Energy-Power and Electrical Computer Hardwares and Consumables
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