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Kogi, World Bank Support Farmers with N370m to Boost Agriculture

Kogi State and World Bank have supported farming communities with the state with the community revolving fund (CRF) to boost agriculture.

Governor Ahmed Ododo disbursed N370 million under the CRF to enhance food production in the state.

The initiative, in collaboration with the World Bank’s ACReSAL project, aims to address climate change challenges and bolster community agricultural efforts.

During the pilot phase, a total of 208 farmers from 10 clusters in two catchment areas benefited from the CRF loan. Each cluster received $25,000 (approximately N37 million), amounting to a total disbursement of $250,000 (N370 million).

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News Agency of Nigeria reports that 70% of the beneficiaries are women, with each receiving N1.77 million.

At the inauguration ceremony held at the Government House in Lokoja, Governor Ododo emphasized the program’s proactive approach to tackling climate change and supporting agricultural communities. He announced that the second phase of the loan disbursement is scheduled for August.

Governor Ododo highlighted his administration’s dedication to agricultural development within his first five months in office. Initiatives implemented include the provision of agricultural machinery, inputs, and training to enhance farmers’ productivity.

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He urged beneficiaries to use the loan responsibly to improve their agricultural activities and livelihoods. Ododo expressed confidence that the funds would significantly boost agricultural practices, leading to increased food production and security.

“It is expected that the funds would be utilized for activities under climate-smart agriculture and related agricultural value chains, as you have been trained,” he said, stressing the importance of timely loan repayment to ensure the fund’s sustainability and enable others to benefit.

The governor assured that his administration would continue to collaborate with global partners to mitigate climate change effects and combat poverty. He outlined a comprehensive security plan to protect farmers and their farmlands, employing local hunters and vigilante groups and enhancing rapid response capacities.

Earlier, Kogi State House of Assembly Speaker Umar Yusuf praised the governor for his leadership and commitment to the state’s development, emphasizing the importance of partnerships as highlighted in the Sustainable Development Goals (SDGs).

State Project Coordinator of ACReSAL, Ladi Jatto, and Commissioners Asiwaju Idris and Olusegun Joseph commended Governor Ododo for his dedication to the project’s success and his attention to the rural poor’s needs.

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