Ogun seals $104m loan from IFAD

Posted by News Express | 13 December 2015 | 3,199 times

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The Ogun State Government says it has paid its counterpart fund in order to benefit from a $104.4 million loan agreement between the Federal Government and the International Fund for Agricultural Development (IFAD).

This is towards developing the agriculture sector for food security and employment generation, especially through rice and cassava production and its value chains in the state.

The State Commissioner for Agriculture, Mrs Ronke Sokefun, who represented Governor Ibikunle Amosun, made the disclosure in Abeokuta, the state capital, during the inauguration of the state steering committee.

The committee is saddled with the responsibility of giving direction to the programme’s management unit, as stated in the project document.

Addressing members of the steering committee, the Commissioner asked them to make their experiences to bear on the effective oversight and monitoring of funds to be disbursed.

Anambra, Benue, Ebonyi, Niger, Taraba are currently being listed among beneficiary states and Ogun State remains the only state in the South-western part of the nation to benefit from the loan scheme. (Channels TV)

•Photo shows Gov. Amosun.


Source: News Express

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