The federal government and the World Bank have reached an agreement to commit a total sum of $700 million to the scaling up of the Rural Access and Agricultural Marketing Project (RAAMP) to address emerging challenges in rural agriculture.
RAAMP is a third-generation project aimed to strengthen the institutional and financing base for sustainable management of state and rural network.
However, Minister of State for Agriculture and Food Security, Sabi Abdullahi, disclosed that the project had been reviewed to include a federal component to address challenges that the states might not prioritise, but which remained key to achieving food security.
Speaking at a media briefing in Abuja at the weekend, Abdullahi said the RAAMP scale-up will include a $500 million funding from the World Bank and a counterpart fund of $200 million from both the state and the federal governments.
He said the scale-up phase of the project had been designed to also institutionalise the idea of developing rural roads in the country.
