The African Development Bank (AfDB) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefitting hundreds of thousands of smallholder farmers.
The organizations held a signing ceremony at the African Green Revolution Forum in Accra, Ghana on 5 September 2019.
Dr. Jennifer Blanke, African Development Bank Vice President for Agriculture, Human and Social Development said the agreements would provide the inputs needed for Africa to have “the productivity that we hope for.”
“We are just thrilled to be getting together with our partners in order to expand the efforts to make sure that we are financing the development of manufacturing and blending of fertilizer,” Blanke said. “This is an African effort, led by Africans, for Africa,” she added.
The grants are designed by the Bank’s Africa Fertilizer Financing Mechanism (AFFM) to provide sustainable financing solutions to boost the fertilizer value chain in Africa.
African Fertilizer and Agribusiness Partnership CEO Jason Scarpone signed the agreements on behalf of the continental body, emphasizing the importance of value chain financing – bringing fertilizer financing from manufacturer, to distributor, to retailer to farmer. “Few succeed in doing it. This project will be successful,” Scarpone told reporters.
The two deals are the first agreements signed by AFFM, which is hosted by the African Development Bank, since it was became fully functional last year;they pave the way for the first implementation of trade credit guarantee projects for fertilizer financing led by AFFM in Nigeria and Tanzania.
The African Fertilizer and Agribusiness Partnership will be the implementing partner operating in the two countries on behalf of the Africa Fertilizer Financing Mechanism. The Partnership has substantial experience in supporting the agricultural value chain across the continent.
Scheduled for implementation over a two-year period, the projects will lead to the enhancement of fertilizer value chains in the two countries and will target 10 importers, 5 blenders/manufacturers, and 37 hub agro-dealers as direct beneficiaries, 520 retail agro-dealers as indirect beneficiaries and 700,000 smallholder farmers as final beneficiaries.
By supporting the fertilizer value chain in the two countries, the projects will go a long way to making fertilizer available to more farmers, a key objective of the Bank’s Feed Africa Strategy.
“We have expected results that are realistic. We are here to make sure this happens,” AFFM Coordinator Marie Claire Kalihangabo said at the signing ceremony.
Ex-Oyo ALGON boss rejoices with Ibarapa-born billionaire Ayandele at 60
Former Chairman, Association of Local Governments of Nigeria )ALGON) in Oyo State, Chief Ademola Ojo has felicitated with All Progressives Congress (APC) Chieftain, Dr Olusola Ayandele as he clocked 60.
Ojo, described the Ibarapa-born billionaire as a patriot, politician and leader who have contributed to the advancement of the nation’s democracy as well as nurtured many individuals to greatness.
The ex-council gaffer states this in a statement he personally signed and made available to newsmen on Saturday in Ibadan the state capital.
Ayandele was an APC governorship aspirant in the 2019 general election and presently a senatorial hopeful.
According to the ex-ALGON Chief, the renowned businessman and philanthropist had brought great political, economic as well as social success to the state and Nigeria.
“I feel inspired and motivated most times by your doggedness, forthrightness and knack for truth at all times. You are leader worthy of emulation.
“I celebrate you my dear brother and leader. Your courage, character, wisdom, strength and simplicity stands you out always. May the Almighty fill your future with blessings, ” he said.
Also, Mr Olusola Adeleke, a Personal Assistant to Ayandele, joined to felicitate his boss whom he described as reliable, dependable and visionary boss.
He described Ayandele as a renowned businessman, philanthropist, leader and political gargantuan with uncommon sagacity.
“Your commitment and selfless service to humanity has brought tremendous development to Ibarapaland, Oyo State as well as Nigeria. You are a rare gem boss and you will forever be appreciated.
“I wish you more years of sound health, peace and glory as you celebrate. Happy birthday to my dear boss,” he submitted.
Oyo APC scribe celebrates Ayandele at 60
Caretaker Secretary of the All Progressives Congress in Oyo state, Hon. Mojeed Olaoya, has described the former gubernatorial aspirant of the party in the state, Dr. Olusola Ayandele, as a pride to Nigeria and humanity as a whole.
Olaoya remarked while celebrating the 60th birthday of the Ibarapa-born Ayandele who is a staunch player in the business and political space of the country.
In a statement issued in Ibadan on Friday and which he personally signed, Olaoya expressed his delight about Ayandele being always available to help the cause of the poor and less-privileged in the society.
“For the good people of Ibarapaland, Oyo state and Nigeria in general, the man (Olusola Ayandele) is a rare blessing and he deserves to be celebrated everyday having made a lot of difference as a businessman, politician and philanthropist for a very long time.
“As an academic and scholar, Ayandele made his indelible mark by imparting knowledge on a great population of young people. And more importantly, his positive contribution to the economy of Nigeria cannot be underestimated as he is leading investor and creator of employment opportunities of all time. To crown it all, Dr. Ayandele decided to dabble into partisan politics to enable him do more for the society and he has not disappointed his people.
“To this end, it is worthwhile to join several thousands of people globally to celebrate the enigma known as Eruobodo on this auspicious occasion of his 60th birthday anniversary as we pray God to grant him the opportunity of long life, sound health and prosperity”, the statement added.
Oyo commissioner, Olatunbosun urges citizens to disregard panic messages over ultimatum to herdsmen
Oyo State Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatubosun has disclosed that citizens of the State should disregard a voice note message urging people in Ibadan to stay indoors on Friday 22nd of January due to a purported ultimatum issued by some individuals to a Fulani Community in Igangan, Ibarapa area of Oyo State.
Recall that the State governor, Engr. Seyi Makinde has warned individuals to respect the constitutional rights of any Nigerian to live anywhere in the country in a peaceful manner and condemned the said ultimatum in a state broadcast to the people of the state
A voice note, being circulated on Wednesday by one woman from London simply known as ‘Remi’ has urged residents of Ibadan to stay indoors on Friday so as to avoid any crisis that might arise from the outcome of the ultimatum issued to the Fulani Herdsmen Community in Igangan.
Olatubosun said the message was targeted at causing panic among the people and to tarnish the efforts of the present administration in tackling insecurity in the State.
He said Oyo State indigenes at home and in the diaspora ought to give support to the government and not to cause disaffection and unnecessary panic over an issue that has been adequately addressed by the government and concerned security agencies.
He added that the people of the State, especially in Ibadan should go about their businesses without fear of molestation or attack from any quarter.
“It is funny to hear that somebody was sending voice note from London, warning Ibadan people not to venture out on Friday because of an ultimatum issued to a Fulani Herdsmen Community in Igangan, in Ibarapa area.
“This is an issue that has been addressed by the government that nobody has the power to give such ultimatum, the constitution of Nigeria does not allow for it, especially when the said Community is not constituting security threat to lives and properties of the people.
“The government of Oyo State and security apparatus are working around the clock to give the people of the State the required peaceful atmosphere that will engender economic growth, we therefore urge our people, especially in Ibadan to ignore the voice note message and go about their normal businesses without fear of molestation or attack from any quarter.”
The commissioner called on the residents of the State to be wary of scaremongers who he said could create psychological crisis where such was not in existence.
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