The Bank of Agriculture (BOA) and the International
Organisation for Migration (IOM) have set up a $200 million agriculture and
livelihood fund to empower displaced Nigerians and boost economic inclusion.
IOM is an organisation under the United Nations (UN).
In a statement on Friday, BOA said that with over 3.8
million internally displaced persons (IDPs) nationwide, the partnership moves
beyond aid, unlocking real and lasting opportunity.
According to the bank, the fund will provide agri-finance,
train displaced communities, and connect farmers to markets.
Ayo Sotinrin, the managing director (MD) of BOA, said the
partnership is more than finance, “it’s an investment in people & national
stability”.
In a related post on Saturday, Dada Olusegun, special
assistant to President Bola Tinubu, said the agreement was signed in Abuja by
IOM’s Ugochi Daniels, deputy director general for operations, and Sotinrin.
The announcement comes four months after the federal
government committed N200 billion to agricultural interventions and earmarked
N1.5 trillion for the recapitalisation of the BoA to empower farmers across the
country.
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