Improved Livelihoods in Selected Areas
LOP funding (2006-2009): $21.7 million
Problem Statement: More than half of Nigerians live in rural areas, farm for a living, and live on about $1 per day. Agriculture provides a precarious livelihood, marked by declining productivity, environmental degradation, limited use of yield-enhancing inputs, high post-harvest losses, limited access to financial services, and poor market linkages. Nigerian agricultural products are not competitive in regional and international markets. Production gains have been made by expanding the cultivated area, rather than through increased efficiency, jeopardizing the natural resource base. Private sector growth is constrained by a poor enabling environment, the erosion of Nigeria 's competitiveness, poverty, and marginal growth in Nigerian markets.
Economic Growth Strategy: Economic Growth will increase the productivity of selected commodities and the number of value-added products, build a more commercial and competitive orientation among farmers and small entrepreneurs, and improve the policy environment. Economic Growth will support the goals and objectives of the presidential Initiative to End Hunger in Africa (IEHA) and Nigeria 's National Economic Empowerment and Development Strategy (NEEDS).
Expected Results:
- 800,000 farm households assisted with improved agricultural technologies
- 103,000 new permanent jobs created
- 90 microfinance institutions strengthened
- Cassava, cowpea, and rice productivity doubled
- 24,000 hectares of tropical forest under sustainable management plans
Activities:
- Maximizing Agricultural Revenue and Key Enterprises in Target Sites (MARKETS): increased competitiveness of selected commodity sectors
- Restructured Economic Framework for Openness, Reform and Macroeconomic Stability (REFORMS); improved policies for private sector growth
- Debt Management (in collaboration with U.S. Treasury): domestic debt management
- Cassava Enterprise Development Project (CEDP): Cassava value chain improvement
- Famine Early Warning System Network (FEWSNET): specialized Information network for food security
- Development Credit Authority (DCA) Partial Guarantee Program with Zenith Bank, Fidelity Bank, Bank PHB, and Skye Bank
Partnerships:
- Global Development Alliance with Shell Petroleum Development Corporation: Cassava enterprise development and Aquaculture
- Partnership with Nigeria Breweries for the development of commercial Sorghum value chain
- Public-Private Partnerships with British American Tobacco, Microsoft Nigeria, Ocean Energy, Zinox Technologies, University of Lagos, The Coca-Cola Company
Briefers:
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