Ogun Govt. To Benefit From $104million Loan From IFAD

The Ogun State Government says it has paid its counterpart
fund in order to benefit from a $104.4 million loan
agreement between the Federal Government and the
International Fund for Agricultural Development (IFAD).
This is towards developing the agriculture sector for food
security and employment generation,especially through rice
and cassava production and its value chains in the state.
The State Commissioner for Agriculture, Mrs Ronke
Sokefun, who represented Governor Ibikunle Amosun, made
the disclosure in Abeokuta, the state capital, during the
inauguration of the state steering committee.
The committee is saddled with the responsibility of giving
direction to the programme’s management unit, as stated in
the project document.
Addressing members of the steering committee, the
Commissioner asked them to make their experiences to
bear on the effective oversight and monitoring of funds to
be disbursed.
Anambra, Benue, Ebonyi, Niger, Taraba are currently being
listed among beneficiary states and Ogun State remains the only state in the South-western part of the
nation to benefit from the loan scheme.