Page 24 - Value Chain Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Market System and Value Chain Development Coordinator
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The loans, obtained from the World Bank and the International Fund for Agricultural Development (IFAD), were signed on behalf of the state by Asiru Idris, Kogi commissioner of finance.
While the state obtained $62 million from the World Bank, it secured $10 million from IFAD.
In a statement on Friday, Mohammed Onogwu, chief press secretary to Yahaya Bello, Kogi governor, said the IFAD facility would be injected into the Value Chain Development Programme.
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The programme is an agricultural initiative aimed at reducing rural poverty, enhancing food security among poor households, and promoting economic growth on a sustainable basis.
He said the programme would support the production, processing and marketing of rice and cassava in some local government areas of the state.