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From 2023 to 2027, the development of Nigeria’s agriculture industry will receive a funding target of USD 83.16 million (equivalent to N38.3 billion), with the involvement of the United Nations, federal and state governments, and both multilateral and unilateral donors.
From 2023 to 2027, the development of Nigeria’s agriculture industry will receive a funding target of USD 83.16 million (equivalent to N38.3 billion), with the involvement of the United Nations, federal and state governments, and both multilateral and unilateral.
The Food and Agriculture Organization (FAO) has received about USD 16.36 million (equivalent to N7.54 billion) for its initiative in Nigeria, as stated in the Nigeria Country Programming Framework 2023-2027 received by the Federal Ministry of Agriculture and Rural Development in Abuja on Friday.
The CPF is a medium-term framework that guides FAO’s work in Nigeria and specifies goals for the UN agency’s involvement as agreed upon with the Nigerian government. The framework is in line with Nigeria’s agricultural, food security, and related national development goals, as well as the UN system’s collective response to national development priorities.
The report said that the entire funds necessary for the framework’s full implementation over a five-year period was around USD 99.5m (N45.87bn), with the present resource being USD 16.36m (N7.54bn), leaving a shortfall of approximately USD 83.16m (N38.3bn). “The funding gap will be addressed through resource mobilization and collaboration with multilateral and unilateral donors, including federal and state governments,” the UN wrote in its most recent CPF report.
It went on to say that the Nigeria CPF was divided into four priority areas, and that the funds needed to fund the first, second, third, and fourth priority areas of the programme were USD 13.96 million, USD 60.1 million, USD 7.4 million, and USD 18.11 million, respectively.
It stated that the first priority area would be to boost production through sustainable and inclusive agri-food systems, while the second would focus on enhancing the resilience of food and agriculture-based livelihood systems.
The third and fourth would focus on healthy and nutritious diets, as well as sustainable natural resource and climate management. According to the paper, some features of the first priority area would include strengthening capacities for value chain analysis and upgrading priority commodities value chains.
Capabilities for higher productivity in livestock, fisheries, and selected agricultural and forest value chains, as well as strong capacities for digital agriculture solutions to assure increased market opportunities and production, are among the others. The signing of the framework with the Federal Government, according to FAO Nigeria Representative Fred Kafeero, will improve partnerships and enhance the existing partnership through defined programming and technical assistance to the country.