• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, May 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

World Bank approves $700m for climate-resilient landscape in Nigeria

The Matters Press by The Matters Press
December 17, 2021
Reading Time: 3 mins read
0
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

The World Bank has approved a 700 million dollar credit from its International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project.

RELATED POSTS

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

Group faults Peter Obi’s claim on deteriorating education sector

Nigeria First policy, unique, revolutionary – TMSG

It said this in a statement issued in Washington on Thursday.

According to it, the project will increase the implementation of sustainable landscape management practices in northern Nigeria and strengthen the country’s long-term enabling environment for integrated climate-resilient landscape management.

It said that the productivity of major crops in Nigeria had been steadily declining over the past two decades, due partly to climate change, forcing an expansion of the area under agriculture and increased imports to meet the food needs of Nigeria’s growing population.

It added that persistent water shortages, especially in the extreme north, continue to exacerbate land degradation, desertification and habitat loss.

“Resource shortages, violent conflict, outdated agricultural systems not adapted to changing dryland conditions, lack of access to finance, weak value chain linkages, an uncompetitive environment for agribusiness, and poor market access are other key barriers to increased agricultural productivity in Nigeria.

“Better environmental and water resources management and resilience against disaster and climate risks (largely water-related) are needed to sustain economic growth and protect the most vulnerable.”

The bank, however, said that in recent years, the Federal Government had established several initiatives in the agriculture sector to combat desertification including afforestation and reforestation programmes.

Others are dissemination of proven agricultural technologies and sustainable agricultural practices and promotion of efficient energy sources.

It added that efforts to stop and reverse desertification were complicated by the need to feed a rapidly increasing population in a region where natural resources were dwindling and over 90 per cent of national food production depends on smallholder farmers who lack the capacity to increase food production without degrading land.

World Bank Country Director for Nigeria, Shubham Chaudhuri, said Nigeria was faced with water scarcity and droughts which occur every five years, on average, with the potential to increase in frequency due to climate change.

“This scenario not only threatens food security, livelihoods and productivity, but also exacerbates fragility and increases the risk of violence.

“With communities and households that are most dependent on natural resources for their survival and vulnerable to desertification, this intervention will improve multi-sectoral watershed planning and investments to help about 3.4 million direct beneficiaries adapt to evolving dryland conditions.”

ACReSAL Task Team Leader, Joy Agene, said that the project would specifically target the inclusion of vulnerable and marginalised groups, including women, youth and the elderly.

Others are persons with disabilities, internally displaced people and ethnic and religious minorities using an integrated watershed approach across sectors and levels of governance.

“This will help reduce the vulnerability of millions of the extreme poor in northern Nigeria, strengthening their own role in the management of their natural resources.

“It will also address land degradation, strengthen climate resilience, and lessen livelihood vulnerability in dry, semi-arid and dry sub-humid regions in the northern states.”

The ACReSAL Project is a six-year strategic project prioritising actions within four components.

They are Dryland Management, Community Climate Resilience, Institutional Strengthening and Project Management and Contingent Emergency Response.

The project is expected to improve the capacity of the country to adapt to a changing climate, largely through enhancing multi-sectoral convergence (across environment, agriculture and water) and technology modernisation, including improved use of data, analytics and connectivity.

Tags: World Bank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Make cash accessible, remove obstacles —stakeholders plead
Economy/Technology

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

May 17, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

Group faults Peter Obi’s claim on deteriorating education sector

May 16, 2025
IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Next Post
Okowa names SSG

Okowa signs Delta's 2022 budget of N479bn

Nigeria’s green bond market exceeds N55bn mark

Capital market operators to pay regulatory fee on bonds

Recommended Stories

Experts validate Nigeria’s implementation strategies for success under AfCFTA

Group demands N2trn compensation from CBN over Naira redesign:

July 31, 2023

March 3, 2023
Nigeria launches five-year plan to rescue economy

Nigeria to launch Investment Policy

November 18, 2020

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG
  • Group faults Peter Obi’s claim on deteriorating education sector
  • Nigeria First policy, unique, revolutionary – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us