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AgribusinessThe Nigeria AgriConnect Compact aims to mobilise about $5 billion over five years to lift smallholder productivity, targeting food security for nearly three million people and 2.56 million jobs by 2031.
The framework, signed at UNGA81, moves the two lenders from project-by-project deals to joint investment in the first mile of food systems.
Launched with Prime Minister Abdoulkader Kamil Mohamed, the World Bank Group and IFAD, the compact targets 10,000 producers, a 25% rise in livestock output, 44% in horticulture and 5,000 jobs, with US$243 million of investment needs to 2030 to be co-financed by IFAD, AfDB, IsDB and FAO; IFAD has put
Flows to low- and middle-income countries have grown 94% since 2016 to more than four times official development assistance; 220 million migrants support 1.1 billion relatives, about US$233 billion reached rural areas, and recipient families invest an estimated US$22 billion a year in rural agrifood
