World Bank,Yobe disburse $2.5m non-interest loan to farmers



By Yusuf A Yusuf, Damaturu 


Governor Mai Mala Buni of Yobe State has on Saturday launched a second disbursement of $2,525,000 non-interest Community Revolving Fund loan to 101 communities and farmer groups in the state. 

Governor Buni said the Non interest Community Revolving Fund was aimed at driving economic growth, provide employment opportunities and create wealth. 

"It is an investment revolving facility sourced by the state government for communities and farmer groups to expand agricultural developments and strengthen the role of communities in the management of their environment for economic prosperity.

"This occasion is another milestone achieved by the state government by supporting 101 communities, and in line with our policy on youth empowerment, l have directed the allocation of 4,825 slots out of the total 7,340 slots to the youths for maximum engagement and benefit of the Community Revolving Fund loan programme" he said. 

According to the Governor, 10 Pilot communities in Damaturu and Nguru Local government areas received $25,000 (N32,500,000.00) each last year.

"Reports reaching my office indicate that the benefitting communities and farmer groups have made good use of the facility, and commenced the repayment to sustain the revolving scheme, and  afford others the opportunity to benefit" Gov. Buni added .

He charged the beneficiaries on judicious use of the loan and ensure repayment for the success of the programme to spur the government to introduce more incentives. 

The Governor commended ACReSAL for the smooth process of identifying and guiding the benefitting groups to qualify and benefit from the scheme.

Commenting on the projects,the National Coordinator of ACReSAL, Abdul-Hamid Umar says, they are happy to see that the people of Yobe have not only accept the project but they have complete understanding and keyed in to the project.

Earlier in his address of welcome, the State Coordinator of the project, Shehu Alhaji Mohammed informs the gathering that the loan was designed to support rural communities and farmers groups in undertaking investments.

Speaking on behalf of beneficiaries, Maryam Aliyu and Babagoni Garun Guna appreciate Yobe state Governor Mai Mala Buni for securing the project.

Community revolving funds CRF it's a world bank assisted project aimed at addressing the challenges of land degradation and climate change in northern Nigeria on a multidimensional scale.

Comments

Post a Comment

Popular posts from this blog

Education:Madakin Gudi Foundation Clears Five Months’ Stipends for 167 Volunteer Teachers in Yobe

Image
By Yusuf A Yusuf, Damaturu  As part of its ongoing mission to support education, the Madakin Gudi Foundation has cleared five months’ stipends for 167 volunteer teachers across twenty-one schools in the Fika Local Government Area of Yobe State. A team from the Foundation mandated to carry out the payment set out in the early hours of Wednesday, 11th March 2026, visiting each of the 21 schools for the exercise.  The team first visited the Chana community and later proceeded to Godowoli and other villages, ending the exercise in Gadaka. Three volunteers in each of the schools were given the sum of One Hundred Thousand Naira to cover their monthly stipends. The leader of the team, Malam Muhammad Lamba, said the gesture is aimed at encouraging the volunteers to work harder for the development of education in the area.  Muhammad Lamba further revealed that the initiative is part of the Madakin Gudi Foundation’s broader effort to promote education in rural communiti...
Read more

Yobe L-PRES Project Hands Over Livestock Market to Geidam Community

Image
By Yusuf A Yusuf, Damaturu  The Livestock Productivity and Resilience Support Project (L-PRES), a World Bank-funded program, has commissioned and handed over a modern livestock market to the Geidam local government area of Yobe State.  The market, located at the Nigeria-Niger border, is expected to boost livestock trade between the two countries and create jobs. The market covers a 400m x 400m area, with features including perimeter fencing, gates, security outpost, veterinary clinic, administrative block, solar-powered boreholes, and drinking points. Other amenities include loading and off-loading ramps, toilets, and a livestock weighing scale. Project Coordinator Adama Hussaini Madaki said the market would strengthen livestock trade and improve revenue generation. L-PRES Value Chain Officer Usman Magaji noted that the market would expand the local government area's market horizon, making it a livestock hub. Representing Governor Mai Mala Buni, Permanent Secretary...
Read more

Yobe APC Exco Receive National Party Chairman Ganduje

Image
By Yusuf A Yusuf, Damaturu  The Yobe State chapter of the All Progressives Congress (APC) on Wednesday received the National Chairman of the party, Dr. Abdullahi Umar Ganduje, in Damaturu.   Ganduje’s visit was aimed at sympathizing with the government and people of Yobe State over the recent insurgent attacks in Buni-Gari, Gujba Local Government Area.   The State APC Chairman, Alhaji Mohammed Gadaka, who was represented by his Deputy, Alhaji Mohammed Alamai Goni Aji, alongside other party executives, welcomed the national chairman at the Yobe Airport.   After the reception, Ganduje proceeded to the Government House in Damaturu for a courtesy visit to Governor Mai Mala Buni, where he reiterated the party’s solidarity with the state in tackling security challenges.   The APC national chairman commended Governor Buni’s efforts in maintaining peace and fostering development in the state despite security setbacks.  He assured con...
Read more