15 January 2013

Nigeria: IFAD Grants U.S.$20.28 Million for African Rice, Vegetable

The International Fund for Agricultural Development (IFAD) will provide a $20.28 million grant to the Republic of The Gambia to help improve livelihoods of smallholder farmers with particular attention to rural women and youth in the country.

The financing agreement for the National Agriculture Land and Water Management Development Project was signed by Abdou Kolley, Minister for Finance and Economic Affairs of the Republic of The Gambia, and Kanayo Nwanze, President of IFAD.

In The Gambia, agriculture is an important sector for the country's economy, employing over 72 per cent of the population and contributing about 30 per cent to the gross domestic product. Most Gambians living in rural areas are extremely poor and depend on agriculture for their livelihoods. Women in particular, who make up a large proportion of this group, lack economic opportunities and access to productive resources like credit, land, skills and services.

The project will enhance rice and vegetable production nationwide through sustainable land and water management practices to help smallholder farmers increase their incomes. The project will increase the productivity of limited farm land and support improvements to infrastructure such as water and roads. It will strengthen farmers' organisations to help commercialize their activities to boost household incomes.

With this new project, IFAD will have financed 10 programmes and projects in The Gambia for a total investment of approximately $73.9 million benefitting 149,200 households since 1982.

Copyright © 2013 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.