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    MarketForces Africa » MarketForces News » Yobe State Gets N3.8bn for Climate Farming From World Bank

    Yobe State Gets N3.8bn for Climate Farming From World Bank

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 2, 2025 News No Comments3 Mins Read
    Yobe State Gets N3.8bn for Climate Farming From World Bank
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    Yobe State Gets N3.8bn for Climate Farming From World Bank

    No fewer than 101 communities in Yobe received 25,000 U.S dollars each (about N38.3 million) as non-interest World Bank loan throught Agro-Climatic Resilience in Semi-Arid Landscapes (ACRESAL) Project.

    The ACRESAL’s state Coordinator, Alhaji Shehu Mohammed, made this known at the signing of a Memorandum of Acceptance with 101 scale-up communities to enable them access a non-interest Community Revolving Fund (CRF) loan in Damaturu.

    Mohammed said that the current phase would benefit 482 farmer and community groups comprising 7,340 direct beneficiaries involving 4,857 males and 2,483 females.

    He said that each of the 101 communities would receive 25,000 U.S dollars (about N38.3 million), totaling 2,525,000 U.S dollars (about N3.8 billion).

    The ACRESAL’s state Coordinator said that the gesture was aimed at enhancing agricultural resilience and livelihoods.

    Mohammed said the initiative marks a significant phase in empowering climate-vulnerable farming communities across the 17 Local Government Areas of Yobe.

    He said the loan, which follows the successful pilot disbursement to 10 communities, was designed to stimulate economic activities, enhance farmers’ incomes, and promote responsible financial management.

    The ACRESAL’s state Coordinator said that the facility was in line with global best practices and the World Bank-supported ACRESAL objectives of reversing environmental degradation and promoting climate-smart agriculture in Northern Nigeria.

    “Today’s event is more than a ceremonial signing. It signals a new phase of sustainability and resilience-building for our farming communities,” Mohammed said.

    He said that the World Bank gave a “no objection” for scaling up after a 65 per cent recovery rate was recorded from the pilot phase.

    The ACRESAL’s state Coordinator also lauded the commitment of Gov. Mai Mala Buni of Yobe who has consistently driven the successful implementation of ACRESAL in the state.

    “We also appreciate the World Bank, the Federal Project Management Unit (FPMU), the Ministry of Environment, the Yobe State House of Assembly, and our community leaders for their guidance throughout this journey,” he added.

    In his remarks, Alhaji Sidi Karasuwa, the state Commissioner for Environment, who is also Chairman of the State Steering Committee, described the initiative as a bold step toward agricultural transformation and rural empowerment.

    He recalled the symbolic presentation of CRF cheques was launched by Buni in January, marking the beginning of the second phase after the initial intervention in two micro-watersheds.

    “This fund is more than financial support; it is a tool for transformation. It enables our farmers to expand operations, adopt modern techniques, and increase productivity,” Karasuwa said.

    He urged the beneficiaries to utilise the funds wisely and to comply strictly with the approved business plans.

    Karasuwa also stressed the importance of prompt repayment to sustain the revolving mechanism and ensure continuity. “To our farmers, let this loan be the seed that grows into a flourishing harvest of success.

    “Use it judiciously and ensure timely repayment as agreed in your plans to prevent your communities from losing future access,” he added.

    The commissioner reaffirmed the state government’s commitment to build a resilient agricultural sector capable of withstanding climate shocks while improving rural livelihoods. #Yobe State Gets N3.8bn for Climate Farming From World Bank#

    IMF Praises Nigeria’s Economic Reforms Achievements

    Climate Farming World Bank Yobe state
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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