Nigeria not included in $315m food security cash
The World Bank has excluded Nigeria from the list of beneficiary countries for the $315 million World Bank fund for African countries to support food security.
TheNation reports that the second phase of the West Africa regional Food Systems Resilience Program (FSRP-2) was approved yesterday in International Development Association (IDA) financing.
This will help an additional two million Africans- from Chad, Ghana and Sierra Leone.
Nexus News gathered that Nigeria was also not part of the first phase of the programme, FSRP-1, $330 million approved in November 2021 launched in June 2022, bringing together four countries-Burkina Faso, Mali, Niger, Togo.
The new financing plan will help to boost the effectiveness of agriculture and food crises prevention and management and strengthen the capacities to adapt to climate variability and change.
Furthermore, the financing plan is anticipated to boost the adaptive capacity of the food system’s productive base and make it sustainable, and aid the regional food market’s integration by linking the beneficiary countries, consolidating their food reserve systems, and strengthening the development of strategic regional value chains.