Olam Nigeria has said that the partnership between it and the International Fund for Agricultural Development (IFAD), and the Federal Government of Nigeria on the Value Chain Development Programme (VCDP) has boosted the country’s economy with over $7.9 million (N3 billion). The programme was launched in 2014 with the aim of generating wealth for smallholder farmers, thereby improving their livelihoods, while also enhancing food security in the country.
The VCDP provides inputs and training to smallholder rice farmers with guaranteed buy back of between 80 to 90 per cent of the rice paddy produced by the farmers at competitive market prices while the rest of the rice paddy is reserved by the smallholder farmers for personal consumption.
The Olam IFAD VCDP initiative kicked off in 2015 in Benue State with 475 farmers. As at 2020, the programme has been extended to Taraba State with a total of 18,646 registered smallholder farmers…
More details through:
News Archive from before July 2018