The World Bank said it will give a total sum of $200 million to over 60,000 Nigerian farmers through its Productivity Enhancement and Livelihood Improvement Support (APPEALS) initiative.
This was made known in a statement by the head of Corporate Communications of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Anne Ihugba, on Sunday.
According to the statement would be executed across 6 states with 21,000 women as direct beneficiaries of the World Bank project.
Ihugba said the project would be deployed in Cross River, Enugu, Lagos, Kogi, Kaduna, and Kano states, targeting 60,000 beneficiaries and 360,000 farm household members as indirect beneficiaries.
“It is anticipated that 35 percent of direct beneficiaries or 21,000 individuals will be women. Additionally, the project has a dedicated sub-component to benefit women and youths that will allow them to develop agri-businesses that are expected to create jobs and improve their livelihoods,” she added.