UK Government approves £95m to boost agriculture in Nigeria

The United Kingdom (UK) has approved a £95 million Propcom+ investment that is set to benefit at least 4 million Nigerians, including 2 million women, to increase productivity and adapt to the effects of climate change while at the same time reducing emissions.

Propcom+ builds on the UK government’s investment in agriculture through the Propcom Mai-karfi programme in Nigeria. This new £95 million Propcom+ programme is set to help address key barriers to sustainable agricultural development in Nigeria.  It will support the development of climate-resilient agricultural policies, actions, and investments that deliver nutrition, increase productivity, adapt and build resilience while reducing emissions, and protect and restore natural ecosystems.  For example, through the adoption and scaling of practices such as heat and flood tolerant crop varieties and integrated soil fertility management.

The package was unveiled by UK Foreign Secretary, James Cleverly at COP27 in Sharm el-Sheikh Egypt.

The new Propcom+ programme involves supporting inclusive and resilient growth by promoting the progressive transformation of Nigeria’s rural economy. The new programme will build the capacity of small-scale farmers and rural communities in climate smart agriculture.

It will work with Nigeria’s vibrant private sector on agriculture to increase productivity, improve nutrition and food security, enhance climate resilience, pursue lower emissions and halt and reverse biodiversity loss, as well as helping to tackle some of Nigeria’s underlying drivers of conflict and insecurity.

Source: UK Government approves £95m to boost agriculture in Nigeria – StocksWatch (stocksng.com)

Your Comment:

Related Posts

28

Nov
Business & Economy

Stock Market Review: November 28, 2022

The stock market last week closed on a positive note with 6.88% growth, week on week. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the capital market guru explained the factors behind the current positive vibration in the market. Excerpts: The stock market last week closed on a bullish note […]

28

Nov
Business & Economy

Why you should pitch your tent with fundamentally sound stocks

Opportunities in stocks with uptrend potentials The Nigerian stock market last week closed on a bullish note with 6.88% growth, week on week. This is occasioned by renewed buy interest in equities by smart investors. Year to date, the market has returned 11.33% with All Share Index and Market Capitalisation at 47,554.34 points and N25.902 trillion respectively.[…]