The Federal Government and the World Bank have jointly allocated $600 million for the next phase of the Rural Access and Agricultural Marketing Project (RAAMP).
The Minister of State for Agriculture and Food Security, Dr Sabi Aliyu Abdulahi, stated this during a press briefing in Abuja.
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The minister said the funding modality includes $500 million from the World Bank and a $100 million counterpart fund from both federal and state governments, adding that RAAMP scale-up will promote agricultural marketing, food security, and overall economic growth and development that would boost the nation’s Gross Domestic Product, GDP, in a short time.
Dr Abdullahi said the RAAMP is executed in 19 states to boost and ensure the rural economy is supported by concrete and sustainable rural infrastructural facilities that benefit the rural populace, where over 70 per cent of Nigerians live.
