HOUSE TO INVESTIGATE DONOR ASSISTED AGRICULTURAL PROJECT FUNDS.

 

 

The Green chamber has resolved to investigate the administration and performance of donor assisted agricultural project funds. This followed the adoption of a motion sponsored by member representing Federal Constituency of Rivers state
Rep. Awaji-Inombek Dagomie. Abiante. Bringing up the issue at plenary, the lawmaker explained
that over the years, the Federal Government had been partnering and acquiring loans and grants from donor agencies such as the World Bank, the African Development Bank (ADB), the United Nations (UN), the International Fund for Agricultural Development (IFAD), the International Development Agency (IDA) to mention a few, with a view to improving agricultural production in the Country. He further
Pointed out that over one billion dollars of the donor’s fund have been spent on various Agricultural projects in Nigeria by the three-tiers of government over the years. Abiante added
that since 1985 the International Fund for Agricultural Development (IFAD) had financed eleven (11) Agricultural projects in the Country with $509.62 million, while several millions of dollars have also been committed to the implementation of Fadama project by the World Bank since 1993.
“Recall that the various Agricultural projects were put in place with the aim of assisting Nigerian farmers, especially the rural ones with the necessary funds needed to improve their agricultural venture, thus meeting the food demand of the fast growing population of Nigeria, guarantee food security, reduce oil dependency, diversify and grow the economy.”
Rep Abiante noted that it was
Worrisome that despite the laudable objectives of these Agricultural projects and the humongous financial contributions of the International donors such as the World Bank, the International Development Agency, the International Fund for Agricultural Development, and the African Development Bank over many years, the Country is still grappling with the problem of food sufficiency and farmers prosperity;
The lawmaker observed that the volume of funds channeled to the Nigeria’s Agricultural sector through these donor funding projects over the years is so enormous that one wonders if the resources are well utilized and accounted for, especially when measured against observed results from the Agencies.
According to him a thorough investigation of the Federal Ministry of Agriculture and Rural Development and its parastatals that are in charge of the administration of all the Agricultural donor funding projects will help in unearthing the problems that are associated with the inabilities of the projects to achieve its desired goals.
Adopting the prayer to the motion the house
Mandated its Committee on Agricultural Production and Services to investigate the administration and performance of all donor funded Agricultural projects with a view to unearthing the problems associated with its inabilities to achieve its set objectives, and report back to the House within six (6) weeks for further legislative action.

Legislative vibes.

Wednesday, February 5, 2020

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1 Comment

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