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Nairaland Forum / Nairaland / General / Agriculture / Agriculture To Receive $550 Million Financing From World Bank (4039 Views)
Banking Sector Plans Fresh N300b Agriculture Financing For 2016 / Nigerian Woman Gets $7 Million Grant From World Bank / Ogun Targets Agriculture To Revamp Economy (2) (3) (4)
Re: Agriculture To Receive $550 Million Financing From World Bank by AjanleKoko: 9:31pm On Sep 30, 2011 |
Dis Guy: Not World Bank money we don't need. Most World Bank project monies hardly ever find their way to the projects. I won't be surprised if 50% of the funds were spent on 'consulting services', 'training' the farmers or something equally ridiculous. World Bank assistance to a country like Nigeria is redundant, considering that government already set up bogey banks like NACB and BOI, who nobody knows what they are doing. |
Re: Agriculture To Receive $550 Million Financing From World Bank by DisGuy: 10:07pm On Sep 30, 2011 |
hmm funny enough Fadama project keeps getting money with their rural agricultural programmes and the fact they have gone from phase 1 to i think phase three shows they are making some progress though i dont know how low they set the benchmark. but with everything in Nigeria progress is like a little drop hard noticeable but progress all the same esp with those at the bottom There are many projects the FG/State government are getting credit for being sponsored by WB together with private sector although i agree, half of the money goes into word bank appointed country supervisors and consultant, people like the current minister of agriculture feed fat of these sort of projects, so many of them about I think i read a report about Dfid project in the guardian, only about 18p out of every pound actually gets to their intended target vast majority going into country heads and Gap Yah boys fresh out of university with their developmental economics papers using daddys network |
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