The World Bank has allocated N370 million in agricultural loans to accredited farmers across 10 selected rural communities as part of the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) initiative in Jigawa State.
During the launch of the loan distribution, Governor Malam Umar Namadi emphasized the timely nature of the World Bank’s intervention, hailing it as crucial support for the current administration’s 12-point agenda, which was presented to the state’s populace prior to assuming office.
Governor Namadi highlighted the administration’s commitment to empowering rural communities through sustainable business ventures, a core aspect of their agenda. He emphasized that the World Bank’s revolving fund intervention aligns perfectly with this goal.
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“I am optimistic that this money, if injected and properly utilized in the ten beneficiary communities, will make a difference in terms of poverty eradication, job creation, sustainable food security, and development.”
“Therefore, I urged the beneficiaries and fund managers to be honest and fear God in collecting and repaying the loan for others to benefit,” Namadi maintained.
According to Nura, CRRF functions not as a grant but as an investment fund for villages, intended to circulate and expand over time, offering an innovative strategy for project sustainability under the ACReSAL initiative.
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The commissioner explained that each eligible farmer’s group, comprising a minimum of 10–25 beneficiaries, will receive $25,000, saying the goal is to reach 2,800 groups with this loan across the state and to promote the adoption of sustainable landscape management practices within specific watersheds in northern Nigeria.
During the event, Hajiya Iya Wawu, representing women farmers’ groups, expressed gratitude to the state governor, the World Bank, and all stakeholders involved in realizing the program’s objectives. She pledged the group’s commitment to sustaining the program’s benefits.
