Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    July 7, 2026

    Naira Rises Amidst Interbank FX Turnover Slowdown

    July 7, 2026

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    July 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia
    • Naira Rises Amidst Interbank FX Turnover Slowdown
    • NCC Charges Nigerian Students to Protect Telecommunications Infrastructure
    • Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?
    • Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally
    • Bitcoin Price Rises to $63.8k, Strategy Inc. Sells 3,588 BTC
    • Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1
    • Ripple Secures Full MiCA License to Offer Crypto Payments Across EU
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized » FCTA Disburses $4.5m World Bank Grant to 12,283 Farmers 

    FCTA Disburses $4.5m World Bank Grant to 12,283 Farmers 

    Marketforces AfricaBy Marketforces AfricaDecember 8, 2023 Uncategorized No Comments3 Mins Read
    FCTA Disburses $4.5m World Bank Grant to 12,283 Farmers 
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FCTA Disburses $4.5m World Bank Grant to 12,283 Farmers 

    The Federal Capital Territory Administration (FCTA) says it will disburse $4.5 million World Bank grant to 12,283 farmers and upgrade 17 Wet Market under its Fadama programme.

    The amount is out of the $15 million allocated to the FCTA under the World Bank-supported Covid-19 Action Recovery and Economic Stimulus (FCT CARES) programme.

    The FCT Minister of State, Dr Mariya Mahmoud, disclosed this in Gwagwalada on Thursday, during the disbursement of the grant to a third batch of 3,707 beneficiaries.

    Mahmoud said that a total of 4,233 beneficiaries had accessed the grant under the first and second batches, bringing the total to 7,940 beneficiaries so far.

    She said that the grant would be utilised for the 2023/2024 dry season farming and other income generating activities.

    Some of the items distributed at the event included fertilizers, improved seeds and agro-chemicals, sprayers and personal protective equipment for crop farmers, Nigeria Eurobond Slumps after CBN Resumes OMO Auction

    Also distributed were day-old chicks and feeds for poultry farmers, juvenile and feeds for fish farmers, goats for livestock farmers and grinding machines for women processors.

    The minister described the disbursement of the grant as a “significant milestone” towards achieving President Bola Tinubu’s renewed hope agenda.

    “The agricultural sector has been chosen as one of the critical intervention areas under the renewed hope agenda, to facilitate the attainment of food and nutritional security.

    “It will also facilitate the provision of raw materials to our local industries, generation of gainful employment for our teeming unemployed youths, as well as contributing significantly towards increasing the inflow of foreign exchange through export.

    “The Fadama programme was deliberately designed to support the recovery of livelihood activities of poor and vulnerable households engaged in agricultural value chains in the FCT, with special consideration to women and unemployed youths.

    “Its implementation is being anchored on the World Bank Community Driven Development approach for deployment of programme investments at the community level.”

    The Permanent Secretary, FCTA, Mr Olusade Adesola, revealed that other delivery platforms implementing result areas 1 and 3 of the FCT CARES programme have equally commenced disbursement of the grant.

    Adesola identified the implementing agencies as the FCT Cash Transfer Unit, FCT Community and Social Development Project and Abuja Enterprise Agency.

    He called on the Agriculture and Rural Development Secretariat, FCTA and the FCT Fadama CARES Office to ensure successful implementation of the FCT CARES Result Area 2.

    On his part, the Mandate Secretary Agriculture and Rural Development Secretariat, Mr Lawal Geidam, assured that the secretariat would support the delivery of the Fadama programme.

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    Crude Oil Prices Ease as OPEC+ Boosts Output

    Investors Lose N1.80trn as Bear Run Hammers NGX Index

    Nigeria Joins International Energy Agency

    FGN Bonds Yields Ease as Investors Rotate Capital from Stocks

    Canada, Nigeria Trade Reaches C$3.2bn as LBS Advocates Deeper Partnership

    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    July 7, 2026

    Naira Rises Amidst Interbank FX Turnover Slowdown

    July 7, 2026

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    July 6, 2026

    Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?

    July 6, 2026

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    July 6, 2026
    Latest Posts

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    July 6, 2026

    Crude Oil Prices Ease as OPEC+ Boosts Output

    July 6, 2026

    Investors Lose N1.80trn as Bear Run Hammers NGX Index

    July 5, 2026

    Nigeria Joins International Energy Agency

    July 3, 2026

    FGN Bonds Yields Ease as Investors Rotate Capital from Stocks

    July 3, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.