The Federal Government is seeking a $500million loan from the World Bank for rural road infrastructure and agricultural marketing.
In the final draft of the Resettlement Policy Framework for the Nigeria Rural Access and Agricultural Marketing Project Scale-UP, RAAMP-SU implemented by the Federal Ministry of Agriculture and Rural Development, the fund is aimed at addressing the need for better connectivity in rural parts of Nigeria.
The document also noted that the RAAMP-SU project aims to improve rural access and climate resilience, that will boost agricultural potential and marketing prospects for agrarian communities.
The project’s objectives include improving rural access and climate resilience of communities in served rural areas, strengthening institutional capacity for rural road network management, and fortifying the financial and institutional foundations for sustainable management of both rural and state road networks.
The project is led by the Federal Department of Rural Development within the Federal Ministry of Agriculture and Rural Development, with oversight by the Federal Project Management Unit.
