NDDC targets agric revolution with $500m loans from World Bank, AFDB, others  - Businessday NG

…..To create Niger Delta Agricultural Development and Investment Council, with a Board of Trustees

Niger Delta Development Commission NDDC, in Thursday, unveiled plans to strengthen agriculture within the Niger Delta region with a $500m credit facility from the World Bank, African Development Bank(AfDB), Islamic Development Bank (IsDB), European Bank for Reconstruction and Development (EBRD).

The fund is also expected from private equity and private debt funds, as well as other commercial banks.

This is just as the Commission also unveiled plans to establish the Niger Delta Agricultural Development and Investment Council, with a Board of Trustees to be chaired by Vice President Kashim Shettima, while the NDDC Managing Director will serve as Secretary.

Ibrahim Hadejia, the deputy chief of staff to the President, office of the Vice President, while unveiling the plan at the presidential Villa, Abuja, noted that the region known for its rich biodiversity and agricultural potentials had over the years, faced with numerous challenges that hinder the growth and sustainability of its agricultural sector and associated value chains.