RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Strengthening food security and rural development in Nigeria: over $600 million in loans granted

18/12/2024
Source : ORISHAS FINANCE
Categories: Sectors

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

In order to strengthen food security and rural development, more than $600 million in foreign agricultural loans were granted to the federal government this year, through the Ministry of Agriculture and Food Security.

The African Development Bank has granted the government, according to information on the ministry's website, a $134 million loan to improve seed and cereal production nationwide. According to the statement, “the federal government has obtained a loan of 134 million dollars from the African Development Bank to help farmers increase seed and cereal production in the country.” Also, through the Rural Access and Agricultural Marketing Project, the federal government obtained a $500 million loan from the World Bank, bringing the fund to $634 million

.

In reality, the initiative aims to bridge the gap between rural communities and major markets. It will improve access to agricultural centers, schools and hospitals while promoting social and economic development in the areas. rural. It also aims to improve the representation of women in the transport sector by creating authorities responsible for rural access roads.

Provided by AWS Translate

0 COMMENTAIRE