International Fund for Agricultural Development IFAD says it has spent about 88.5 million dollars to support the Federal Government Agricultural Transformation Agenda ATA.
IFAD President, Kanayo Nwanze, disclosed this to newsmen during his visit to the Minister of Agriculture and Rural Development, Akinwumi Adesina.
He said the amount would also include financing of a new project in the country’s agricultural sector, which will be between 2013 and 2015.
Nwanze added that the upcoming project would be designed and developed in collaboration with the Agriculture Ministry which would suit the strategies and priorities of the Federal Government.
Speaking on poverty eradication, he said IFAD is planning to move 80 million people out of poverty circle, adding that the institution would continue to assist the nation’s agriculture development.
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