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World Bank earmarks $200m for fadama III financing in Nigeria

World Bank earmarks $200m for Fadama III financing in Nigeria

The World Bank says it has earmarked 200 million dollars or N7.2 billion for Fadama III Additional Financing of projects in Nigeria.

The World Bank Consultant on the project, Dr Idris Badiru, made the disclosure on Thursday in Calabar at the opening of the Fadama III Additional Financing Mid-Term Review Mission to Cross River.

“Cross River is moving in the right direction; we hope they will continue to improve.

“We are happy with them; however, we are still in the planting season, until when it is time for harvest, we will then know the positive impact on the people.

“The whole package from the World Bank is 200 million dollars (N7.2 billion) for the project.

“They should also know that the money is in the pool; if you perform better, you draw more,’’ he said.

Also, the National Project Coordinator, Mr. Tayo Adewumi, said they felt concerned about the success of Cross River in the project last year due to their late start.

“But today, from what we have seen in the field, it is obvious that the state is moving fast and I think they should do more to cover the lost ground,’’ he said.

Adewumi, who was represented by Dr. Samuel Alabi from the National Fadama Office, assured the state of full support when required.

The Commissioner for Agriculture, Prof. Anthony Eneji, appealed to the National Fadama office to establish an Aggregation Center in the state to guarantee a lasting legacy at the end of the project

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