Home NEWS Oyo, 7 Other Northern States Subscribe to $500m World Bank Livestock Loan

Oyo, 7 Other Northern States Subscribe to $500m World Bank Livestock Loan


Oyo state government and its counterparts in seven other states have subscribed to the Nigeria’s $500 million World Bank livestock development loan for the diversification of the agricultural value chain.

The other states are Kogi, Borno, Gombe, Taraba, Adamawa, Kwara, and Niger states.

This was disclosed by the national project coordinator, Livestock Productivity and Resilience Support Project (L-PRESS), Mr Sanusi Abubakar, at the post-SLA engagement mission for North East states in Yola.

Abubakar, according to kogireports.com, said all the states are required to sign for their share of the loan before they draw for the development of livestock production.

The loan being administered by L-PRESS is to support livestock farmers, processors and marketers and improve overall productivity.

“The eight states that have signed their Subsidiary Loan Agreements (SLA), with the Federal Government are Adamawa, Borno, Gombe, Taraba, Kogi, Kwara, Niger and Oyo states.

He noted that successful implementation of the L-PRESS project will boost the Nigerian livestock industry, enhance productivity, competitiveness and resilience in agriculture sector.

“We are in Adamawa to interact with project implementing units for the states that signed the agreement to have their funds.”

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