$200 million World Bank grant stimulates Agric


The World Bank is set to boost women and youth involvement in farming with a $200 million grant. The new project, according to the Commercial Agriculture Development Project (CADP) Task Team leader, World Bank, Dr Sheu Salau, has been submitted to the bank board for approval.

Salau, who disclosed this on the sidelines of the Project 13th implementation support mission held in Lagos, said the project was part of the bank work towards reducing the cost of food by helping to boost agricultural output through increased participation of women and men.

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He stressed that women and youths were a priority for the bank, and that the new project would bolster youth entrepreneurship in agriculture and agri-business. The initiative will see the bank working with State Agriculture Development Programmes to train the next generation of agriculture entrepreneurs, also referred to as agri-preneurs and provide them with seed money through banks to finance their bankable business plans.

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