The Fadama National Project stands as one of theWorld Bank-funded programs in Nigeria. Founded in 1993, the program derives itsname from the Hausa word for “irrigable land.”
The project has the aim to help locals with cash for their farms. Over the years, it has become popular with many Nigerian farmers, thereby witnessing many years of operation. As of today, the program enters its third phase (FADAMA III).
Moreover, the project has helped local farmersgrow their backyard farms into large-sized establishments.
Presently, the FADAMA program has offered fundsworth $200 million for rice farming. But growers of cassava and sorghum canhave access to loans form this sum. With this cash, the program will enhancefood production in locations such as Anambra, Enugu, Kano, Kogi, and Lagos.
Farmers use FADAMA loans to grow more food thanexpected. They can also supply these crops with improved features. Sincefarmers enjoyed working under previous FADAMA schemes, the third phase promisessimilar working conditions.
Featuresof the FADAMA Project
As mentioned earlier, FADAMA places its interestsin 6 six states and their neighbouring areas. Under the program, these placesidentify as catchment areas. Moreover, the current phase of the scheme has arelationship with the Agricultural Transformation Agenda program of theNigerian Government.
Apart from increasing the crop of variousapplicants, the funds improve their earnings and provide them with water forfarming. The program also assists farmers in selling their products since theypractice commercialized farming.
FADAMA has a structure that groups participants into clusters. These clusters occur in all states currently under the scheme. Possibly due to this organization and other features, the project has caught the attention of giant corporations such as Cargill and Dangote.
Related:
- 10 Profitable Businesses in Nigeria with Low Capital
- Forbes 30 Under 30 Requirements – How to make rich list
- The Ultimate Guide on How to Become a Yahoo Boy in Nigeria
In summary, the FADAMA III program aims to providea stable source of income for all participants. To partake in this program, anindividual will have to be a fisher, farmer, herder, or hunter. Providers ifAgric services can also join the scheme.
Find below some positive aspects of the FADAMA IIIproject.
- Local farmers canaccess FADAMA loans through the Nigerian Agricultural Co-operative and RuralDevelopment Bank.
- It helps privatefirms again interest in the Agric sector of the economy. In the end, theprivate sector can provide services that can benefit the scheme’s participants.
- It ensures thedevelopment of rustic communities. After all, the program offers participantsthe means to support schools, healthcare centres, and other infrastructure inthese locations.
- The project allowsusers to choose between private or public service providers. This freedom helpsthe farmers take part in other sections of the business.
- Participants can accessshort and long term loans.
- The scheme plans toemploy thousands of youths. Nicknamed as GUYSS (Graduate Unemployment SupportScheme), you will find the participants in all FADAMA catchment areas.
- The project intendsto benefit millions of households across the country.
Requirementsto Join the FADAMA Scheme
Are you interested in joining the FADAMA IIIprogram? If yes, you must fall within a specified age bracket and a group ofindividuals. These groups include farmers of staple foods and horticulturalplants; people that process these crops and new applicants under the GUYSSscheme.
After meeting these requirements, head to theFADAMA offices in the catchment areas for additional information. They willalso give better details about the age limit of prospective applicants.
FinalWords
Since farming communities cannot supply Nigeria withadequate food, FADAMA came as a suitable option to meet the nation’s foodrequirements.
With this program, farmers will enjoy higher yields of cassava, rice, and sorghum. They will also have higher earnings from their produce.
You’ve learnt a lot from this article, do not forget to share with your friends and family on Facebook, Twitter and WhatsApp. You can also follow us on Facebook and Twitter.
0 Comments