News in brief: The Nigerian federal government will provide â¦400 million in support to farmers in Ondo state through the World Bank-backed Fadama III project, aiming to increase rural incomes sustainably. The funds will be used to purchase and distribute inputs and assets, benefiting 5,000 farmers, while access roads in 24 rural areas are also scheduled for rehabilitation.
The federal government of Nigeria is set to disburse â¦400 million to support farmers in Ondo state, according to news report citing the state’s Agricultural and Forestry commissioner, Olayato Aribo.
In his announcement, the commissioner revealed that the assistance is part of the Fadama III project, a World Bank-backed intervention aimed at increasing the incomes for users of rural lands and water resources in a sustainable manner.
The breakdown of the funds shows that â¦200 million will be used to purchase and distribute inputs, while the balance will be used for assets distribution. Also speaking, the FADAMA III project coordinator for the state declared that 5,000 farmers stand to benefit from the scheme. He also revealed that the distribution of inputs and production assets to farmers have been ongoing.
Aribo further noted that the programme has three disbursement link indicators that include inputs/services, improved agricultural infrastructures and agricultural production assets. He reiterated the governmentâs commitment to ensuring agricultural productivity through farmersâ welfare using the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) fund.
The government has also marked access roads in 24 rural areas in the state for rehabilitation to ease transportation concerns for farmers.
Meanwhile, Ondo state has been in the news for a while after the governor backed a forceful removal of about 10,000 farmers from a farming community to pave way for a private company to set up shop.
