P-NG-AA0-003

Project Details
ID: P-NG-AA0-003 Name: 2ND LINE OF CREDIT TO THE NACB Status: Closed Country: Nigeria
Sector: Agriculture Approval date: 18-déc-1990 Task Manager: MSUYA Meliki Michael, PISD2
Total cost: 402710000
Currency: UAC
Source(s) of financing
AfDB: 100000000
Cofinanced: 81790000
Government: 220920000
Implementing Agency: NIGERIA AGRIC & CO-OPERATIVE BANK LTD Location: NATION WIDE

Objectives

The major objective of the line of credit is to provide funds to farmers to enable them to maintain and/or increase agricultural production and processing of agricultural produce.

Description

The project components to be funded are : I. credit Fund - Arable crop - Tree crops - Horticulture - Mixed farming - Livestock - Fisheries - Agro-Allied - Irrigation - Agro-Services - Marketing - Small Holding - On-lending. II. Strengthening of Data Processing Systems - Equipment for Headquarters and Zonal Offices . III. Strengthening Project Appraisal and Loan Recovery System - Vehicles and Motorcycles - Technical Assistance for Software and Financial Management review - Training - Equipment for Loans Admin. by Branch Offices.

Benefits

- Increased food crops production and farmers income. - Creation of employment. - Foreign currency savings.

Rational

Agriculture is the main stay of the Nigerian economy. Farmers depend to a large extent on the availability of credit to enable them to continue their production. NACB with its many branches provides such services effectively. NACB, however does not have the necessary funds/foreign exchanges to satisfy the growing requests of the farmers. The provision of the line of credit to NACB will lead to increased production of food and other crops and would encourage farmers to continue their farming activities.

31-juil-2019

IFB - Nigeria - Desilting of Kware lake, channelization, head works water resources development, flood embankment dyke, 8km water conveyance canal and construction of Kware irrigation scheme (450ha) in Sokoto State.

This Invitation for Bids (IfB) follows the General Procurement Notice for this project, which appeared in the United Nations Development Business (UNDB) online Reference No.: AfDB 169-03/15 of 11 March 2015 and on the African Development Bank Group’s Internet Website (www.afdb.org).