The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers.
The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers and 120 retail agro-dealers.
A statement from the African Development Bank Group noted that the project will also train farmers in proper fertilizer use and other agricultural best practices.
A project launched in Abuja, was attended by senior director of African Development Bank’s Nigeria Regional Office, Ebrima Faal and government and industry partners.
“We will leverage on existing networks and look for creative solutions to increase the availability of fertilizer in the country,” said Nana-Aisha Mohammed, AFAP’s representative at the ceremony.
Umar Musa, an Assistant Director who represented the Federal Ministry of Agriculture and Rural Development (FMARD) said AFAP should work with the Nigerian government and other actors in the fertilizer value chain to ensure that the project complies with Nigeria’s policies and sector strategies.
AFFM Coordinator, Marie Claire Kalihangabo said “We are confident that the project will increase access to quality and affordable fertilizer by smallholder farmers and hence contribute to the transformation of the agriculture sector in Nigeria.”