Ogun approves counterpart fund for FG-IFAD agric project

Ogun State government has approved N87.3 million as payment of the state counterpart funds for the implementation of the Federal Government/International Fund for Agricultural Development (IFAD) Assisted Value Chain Development Programme (VCDP) in the state.

The VCDP is a project with the objective of enhancing incomes and food security of rural farming households engaged in rice and cassava value chains.

The VCDP has eight participatory local government areas in the state namely, Obafemi Owode, Odeda, Odogbolu, Ijebu East, Ijebu North East, Ifo, Yewa North and Yewa South.

The provision of the counterpart fund for the VCDP is part of the state government support to women and youths who are engaged in the rice and cassava value chains, in line with the state Agricultural Agenda of Food Security, Job Creation, and Income Generation.

“This goodwill by the state governor, Dapo Abiodun, has further strengthened the position of Ogun State as one of the states that are up-to-date with the payment of counterpart fund in the FGN/IFAD Assisted Value Chain Development Programme (VCDP) in Nigeria,” Commissioner for Agriculture, Dr Samson Odedina, said.