The federal government has revealed that it secured a $134 million loan from the African Development Bank (AfDB) under the African Emergency Food Production Facility (AEFPF) as a Sector Budget Support (SBS) to boost food production.
The government explained that the loan would be implemented through the National Agricultural Growth Scheme and Agro Pocket (NAGS-AP), known as Policy Base Operations (PBO), across the 36 states of the federation and the Federal Capital Territory (FCT), Abuja, for a period of three years (2023 to 2025).
This was disclosed yesterday in Abuja by the Director of Mechanisation, Federal Ministry of Agriculture and Food Security, Onyeisi Joseph, at a media workshop entitled: ‘Building Partnership with the Media for Food Security.’
Represented by a staff member of the department, Sule Majeed, he said: “Nigeria, under the African Emergency Food Production Facility (AEFPF), was granted a loan of $134 million as a Sector Budget Support (SBS) to be implemented through the National Agricultural Growth Scheme and Agro Pocket (NAGS-AP), known as Policy Base Operations (PBO).
“It is to be implemented across the 36 states of the federation and FCT for the period 2023 to 2025.”
