November 23, 2017

Nigerian FG, IFAD sign pact as Agric transformation gets N16.8bn boost

Nigerian FG, IFAD sign pact as Agric transformation gets N16.8bn boost

In what has been seen as another major boost to the agriculture transformation programme, the Federal Government on Thursday signed a $105.2 million partnership agreement with the International Fund for Agricultural Development (IFAD) to drive a value chain development programme for rice and cassava in the country. The agreement signed by the IFAD President, Kanayo Nwanze, Coordinating Minister for the Economy and the Minister of Finance, Ngozi Okonjo- Iweala and Minister of Agriculture, Adewumi Adesina, marked the official flagging off of the programme which comprises an IFAD loan of $74 million and $0.5 million grant.The project is to be implemented…