Nigeria gets $300m from World Bank on Food Security

The Board of Executive Directors of the World Bank has approved two International Development Association (IDA) credits for Nigeria totaling $300 million to boost agriculture, food security and nutrition of the rural poor.

A statement issued by the bank yesterday in Abuja said while one of the credits amounted to $100 million, the other was $200 million.

The IDA credit of $100 million will fund the Nigeria Agriculture Sector Development Policy Operation that will support the Federal Government’s Agricultural Transformation Agenda. The second IDA credit of $200 million will fund the Third National Fadama Development Project.