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Banks to support food security programme
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Salisu Ngawa, the director-general, National Food Reserve Agency (NFRA), made this known yesterday in Abuja in an interview with the News Agency of Nigeria (NAN).
He said the consortium comprised of UBA, First Bank of Nigeria and Unity Bank.
Ngawa said the banks had pledged toprovide a substantial part of the moneytoward achieving the target.
He said 40 percent of the money was expected to come from foreign donor agencies with World Bank leading the group.
Ngawa said the remaining 60 percent would be source internally from federal, state and local governments as well asfinancial institutions.
The director-general said three donor agencies had already contributed 78 million dollars (N9 billion) toward the programme.
He said $30 million (N3.4 billion)was received from the Islamic Development Bank and ADB respectively, while the Bank for Arab Economic Development in Africa contributed $18 million.
“We are still expecting the contributions of the World Bank, IFAD and a few other donor agencies,’’ he added.
The NSPFS was developed and promoted by the UN Food and Agriculture Organisation (FAO) for low income food and deficit countries.
Ngawa said under the five-year expansion programme, farming sites would be trippled from 109 to 327, with each of the 36 states having nine sites and three in Abuja.
He said the programme was also aimed at supporting irrigation farming through the construction of various irrigation facilities.
The Director-General said some of the facilities include micro earth dams, tube wells and equipment for agro processing and marketing of farm produce.
He said the programme would be launched in Abuja next month by president Umaru Yar Adua.
The first phase of the programme executed at $45.2 million was launched in 2002 by former president Olusegun Obasanjo.
The success of the first phase attracted 30 Ministers of Agriculture from African Countries who visited some NSPFS sites in Nigeria in 2007.
He said the consortium comprised of UBA, First Bank of Nigeria and Unity Bank.
Ngawa said the banks had pledged toprovide a substantial part of the moneytoward achieving the target.
He said 40 percent of the money was expected to come from foreign donor agencies with World Bank leading the group.
Ngawa said the remaining 60 percent would be source internally from federal, state and local governments as well asfinancial institutions.
The director-general said three donor agencies had already contributed 78 million dollars (N9 billion) toward the programme.
He said $30 million (N3.4 billion)was received from the Islamic Development Bank and ADB respectively, while the Bank for Arab Economic Development in Africa contributed $18 million.
“We are still expecting the contributions of the World Bank, IFAD and a few other donor agencies,’’ he added.
The NSPFS was developed and promoted by the UN Food and Agriculture Organisation (FAO) for low income food and deficit countries.
Ngawa said under the five-year expansion programme, farming sites would be trippled from 109 to 327, with each of the 36 states having nine sites and three in Abuja.
He said the programme was also aimed at supporting irrigation farming through the construction of various irrigation facilities.
The Director-General said some of the facilities include micro earth dams, tube wells and equipment for agro processing and marketing of farm produce.
He said the programme would be launched in Abuja next month by president Umaru Yar Adua.
The first phase of the programme executed at $45.2 million was launched in 2002 by former president Olusegun Obasanjo.
The success of the first phase attracted 30 Ministers of Agriculture from African Countries who visited some NSPFS sites in Nigeria in 2007.
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