Nigeria: Commercial Agriculture Development Project (S)Friday, January 16, 2009, 12:07:44 AM
WASHINGTON, January 15, 2009 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA Credit: US$150 million
TERMS: Maturity = 40 years; Grace= 10 years
Project Description: The project will support the government in strengthening agricultural production systems and facilitating access to markets for participating small- and medium-scale commercial farmers in the targeted states. The project has two components, namely, (i) Agricultural Production and Commercialization; and (ii) Rural Infrastructure. The project will also finance Project Management, Monitoring and Evaluation and Studies.
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