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The African Development Bank’s Role in Nigeria with Focus on the Agricultural Sector Portfolio Commonwealth Business Cou

AFRICAN DEVELOPMENT BANK GROUP. The African Development Bank’s Role in Nigeria with Focus on the Agricultural Sector Portfolio Commonwealth Business Council Nigeria Investment Forum 3-5 Oct 2012 Dr. Ousmane Dore, Resident Representative, Nigeria Field Office.

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The African Development Bank’s Role in Nigeria with Focus on the Agricultural Sector Portfolio Commonwealth Business Cou

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  1. AFRICAN DEVELOPMENT BANK GROUP The African Development Bank’s Role in Nigeria with Focus on the Agricultural Sector Portfolio Commonwealth Business Council Nigeria Investment Forum 3-5 Oct 2012 Dr.Ousmane Dore, Resident Representative, Nigeria Field Office

  2. Bank Strategy and Program in Nigeria • COUNTRY STRATEGY PAPER (CSP) 2005-11 • Two pillars: • development of human capital through improved service delivery in education and health; and • stimulating private sector-led growth in the non-oil sector through enhanced infrastructure, agricultural and rural development. African Development Bank Group 13

  3. Bank Strategy and Program in Nigeria • New Country Strategy Paper (CSP) • 2012-2016 under preparation • Proposed Pillars: • Supporting the Development of a sound Policy Environment • Investing in Critical Infrastructure to Promote the Development of the Real Sector of the Economy African Development Bank Group 13

  4. ON-GOING PORTFOLIO • 27 on-going projects • Valued at US$ 1.4 billion • 15 public sector projects – value USD 754 million • 12 private sector projects – value USD 631 million African Development Bank Group 13

  5. ON-GOING PORTFOLIO African Development Bank Group 13

  6. SELECTED ON-GOING PROJECTS –ADF Nigeria African Development Bank Group 13

  7. Support to the National Program for Food Security (SNPFS) • An initiative of the Federal Government of Nigeria supported by: • African Development Bank • Islamic Development Bank (IsDB) • Bank for Economic Development in Africa (BADEA). African Development Bank Group 13

  8. Support to the National Program for Food Security (SNPFS) Objective of the Program To contribute to improved national food security and reduction in poverty on an economically and environmentally sustainable basis by increasing the agricultural outputs and incomes of rural farming households and beneficiary communities. African Development Bank Group 13

  9. Support to the National Program for Food Security (SNPFS) The project is supporting farmers in crop and non-crop agricultural enterprises • Also promotes the participation of women to enhance their leading role in key agricultural activities particularly • Agro-processing • Food production • Income diversification opportunities that will improve food security African Development Bank Group 13

  10. Support to the National Program for Food Security (SNPFS) • The project interventions are in the areas of • community development • institutional support and capacity building • land and water development • agricultural production enhancement and diversification African Development Bank Group 13

  11. Support to the National Program for Food Security (SNPFS) • Principal benefits : • Improved food security for the about 70,000 farm households participating in the site development programme and for 785,000 farm families covered under the Outreach Programme; African Development Bank Group 13

  12. Support to the National Program for Food Security (SNPFS) • Improved farm production and productivity, marketing and processing; • Enhanced land and water use; • Increment animal- and fish production and catches; • Improved nutritional standards; • Reduction in post-harvest losses and value addition; • Improved rural infrastructure African Development Bank Group 13

  13. Support to the National Program for Food Security (SNPFS) Impact of Project Intervention • create a change in attitude towards repayment of loans by the farmers. • farmers purchased their fertilizers, agrochemicals and seeds on their own without waiting for government • organic fertilizers and compost-plus organic fertilizers distributed to the farmer groups resulted in over 120% and 100% yield increases in cassava and maize respectively. African Development Bank Group 13

  14. Support to the National Program for Food Security (SNPFS) • Aggregate economic analysis of farmer enterprise showed that farmers operated on a cost-benefit ratio of 1: 2.4. African Development Bank Group 13

  15. RURAL ACCESS & MOBILITY PROJECT in Cross River State Rural State Road Links with interrupted access (in 2007): African Development Bank Group 13

  16. RURAL ACCESS & MOBILITY PROJECT CRSG has committed itself to finance the asphalt concrete pavement of the entire feeder roads network. Share of works cost (Total NGN 20.3 billion): ADF - NGN 7.0 billion (34.5%) CRSG - NGN 13.3 billion (65.5%) • Implementation of 474 km feeder roads rehabilitation and upgrading works by Contractors – on-going, at about 20 to 40% completion African Development Bank Group 13

  17. RURAL ACCESS & MOBILITY PROJECT – on-going works (2012) African Development Bank Group 13

  18. RURAL ACCESS & MOBILITY PROJECT – on-going works (2012) African Development Bank Group 13

  19. ON-GOING PORTFOLIO African Development Bank Group 13

  20. NEW OPERATIONS IN SUPPORT OF AGRICULTURAL DEVELOPMENT • US$ 155 million budget support loan for an Economic and Power Sector Reform Programme (approved 2009, signed 2012) • Two sovereign guarantee loans to the Bank of Industry (US$ 500 million) and the Nigeria Export and Import Bank (US$ 200million) for on-lending to Small and Medium Enterprises – Agro-Industries (approved 2012, signature outstanding) African Development Bank Group 13

  21. PIPELINE PROJECTS FOR AGRICULTURAL DEVELOPMENT • Public Sector: • Nerica (Rice Development), Phase II • - ADF – US$ 40 m • Partial Risk Guarantees (PRGs) for the Power Sector – ADF & ADB – US$ 50 m • Support for the Nigeria Agricultural Transformation Agenda – ADB - US$ 100 m African Development Bank Group 13

  22. PIPELINE PROJECTS FOR AGRICULTURAL DEVELOPMENT • Private Sector: • Indorama Fertilizer Plan Port Harcourt – ADB – US$ 100 m African Development Bank Group 13

  23. PIPELINE PROJECTS FOR AGRICULTURAL DEVELOPMENT • Private Sector: • OKuIboku Pulp & Paper Mill (OKIPP) Project - ADB – US$ 30 m • OKIPP is an integrated pulp and paper mill which makes newsprint and closely related uncoated mechanical papers from trees grown in AkwaIbom, Nigeria African Development Bank Group 13

  24. THANK YOU MERCI

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