Federal Government Seeks $500 Million World Bank Loan for Rural Road and Agricultural Development

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The federal government is seeking a $500 million loan from the World Bank to enhance rural road infrastructure and agricultural marketing.

This initiative is detailed, in the resettlement policy framework for Nigeria Rural Access and Agricultural Marketing Project Scale-Up (RAAMP-SU), managed by the Federal Ministry of Agriculture and Rural Development.

The RAAMP-SU Project aims to improve rural access and climate resilience, thereby boosting agricultural potential and marketing prospects for agrarian communities.

Meanwhile, States participating in the project must have functional road funds and roads agencies with appointed boards and staff and include provisions for administrative costs in their budgets.

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