FG signs financing pact for $158m Value Chain Programme (VCN) in Northern Nigeria.

FG signs financing pact for $158m Value Chain Programme (VCN) in Northern Nigeria

The programme, which is a 158.15 million dollars project is designed to transform agribusiness in nine northern states, with the creation of over 30,000 jobs and entrepreneurial opportunities for youths, women and vulnerable groups and the construction of over 229km of roads across the region to enhance access to market, among others. 

The eight-year initiative, conceived following Vice President Kashim Shettima's request during UNFSS stocktaking in Rome, Italy on July 24, 2023, will be co-funded by the International Fund for Agricultural Development, the French Development Agency and the Government of Nigeria.

With the signing of the agreement, the implementation of the $158.15 million VCN project begins immediately to support agriculture value chain development and value addition for farmers in nine states of the northern part of the country. 

The nine states benefitting from this initiative include Borno, Bauchi, Kano, Katsina, Kebbi, Jigawa, Sokoto, Yobe, and Zamfara.

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