The Federal Government is seeking a $500m loan from the World Bank to enhance rural road infrastructure and agricultural marketing across the federation.
The international lender said the fund was expected to address the dire need for better connectivity in rural Nigeria, where 92 million people currently lack access to good roads.
This request was contained in the final draft of the Resettlement Policy Framework for the Nigeria Rural Access and Agricultural Marketing Project Scale-UP implemented by the Federal Ministry of Agriculture and Rural Development.
The RAAMP-SU project aims to improve rural access and climate resilience, thereby boosting agricultural potential and marketing prospects for agrarian communities. This, in turn, will contribute to better livelihoods for the rural populace.
The project’s objectives include improving rural access and climate resilience of communities in served rural areas, strengthening institutional capacity for rural road network management, and fortifying the financial and institutional foundations for sustainable management of both rural and state road networks.
