Governor Ahmed Usman Ododo of Kogi State on Monday disbursed N3billion to 2,381 beneficiaries impacted by climate change under the Community Revolving Fund of the Agro-climate Resilience in Semi-arid Landscapes (ACReSAL) Project in
The beneficiaries were drawn from over 170 groups from 80 communities spread across the state.
The fund was disbursed under the Community Revolving Fund of the Agro-climate Resilience in Semi-arid Landscapes (ACReSAL) Project which is being executed in partnership with the World Bank Group.
The presentation of cheques event was held at the Government House, Lokoja.
Ododo said the introduction of the Community Revolving Fund was in line with his administration’s commitment to ensure food security and sustainable agricultural practices in the State.
The governor assured that his administration will continue to provide enabling environment for the success and sustenance of the ACReSAL project.
He explained that the effort was in furtherance of the development agenda of the state to increase the adoption of sustainable landscape management, and to strengthen the long-term framework for integrated climate resilience landscape management and effective agricultural practices across communities in the 21 local government areas in the state.
The governor commended President Bola Ahmed Tinubu for according priority to sustainable agriculture practice and for the unwavering commitment to enhance the welfare of families in all parts of Nigeria.
Ododo urged the benefiting groups and communities to utilize the fund with diligence so that other members of the community can continue to benefit from the project
The Commissioner for Environment and Ecological Management, Engineer Joseph Oluwasegun in his speech , said the Community Revolving Fund seeks to place Kogi state on the map of states where food security and sufficiency are guaranteed in Nigeria.
Earlier in her address, the State Coordinator of AcreSal, Barrister Ladi Ahmed Jatto said the Community Revolving Fund (CRF) is an interest-free investment fund which began with the first phase of its disbursement in June 2024 with over 2,381 direct beneficiaries.
She emphasised that the second phase of the disbursement is a justification of the effective utilization of the first phase and the overall performance of the Kogi state government as adjudged by the World Bank Task Team.
She charged beneficiaries to make the best use of the fund, adding that the fund is a loan from the World Bank under guaranteed repayment by the state government.
(vitalnewsngr.com)
