Eight states in the Northeastern part of Nigeria have successfully applied for a World Bank loan to help promote livestock production.
The loan requires commitment from the state because certain expectations must be met before implementation by the Livestock Productivity and Resilience Support Project, L-PRESS.
The L-PRESS at a session in Yola, the Capital of Adamawa state, disclosed that the project aims to provide support for livestock farmers and processors. Speaking at the event, L-PRESS National Project Coordinator, Sanusi Abubakar, called out the eight states that had signed their Subsidiary Loan Agreements, these states are Adamawa, Borno, Gombe, Taraba, Kogi, Kwara, Niger, and Oyo.
The project coordinator urges the remaining states of the federation to act fast for quick access to the loan which according to him will boost livestock production. Sanusi Abubakar stated that the initiative was kicked off by President Muhammadu Buhari on the 31st of January of this year, he added that Adamawa was chosen as the first host of its post -SLA Engagement Mission. The Engagement kò Mission is a three-day event being attended by project implementers from the six states of the Northeast.
In his remarks, the Adamawa State Commissioner for Agriculture, Usmanu Yahaya, disclosed that the L-PRESS loan facility is a great initiative. He believes that the state will invest in the dairy sector of the economy. The loan is expected boost the income of the common man and the livestock industry of the state.