The Commercial Agriculture Development Project (CADP), setup to improve help improve agriculture production in Nigeria, has spent $7 million USD of it's $26.3 million USD World Bank Loan to build farmers capacity across three agricultural sub sectors in Lagos state, which include aquaculture, rice production and poultry production.
Along with the other agricultural sectors the feed industry has profited from the rural energy support under the project, through the supply and installation of transformers, low and tension wires in farm lands and clusters to help production and increase profits.
The State’s Project Coordinator, Mr. Bolaji Balogun, said that within the short debut of the project, some very positive results have been realised, such as a 37 per cent decrease in the floating fish feed prices through the support provided to farmers to help them to produce the feed locally.
Speaking to the media, Dr. Nuraini Olawunmi Funsho, the Chairman of CADA Lagos chapter remarked that the majority of the farmers suffered from lack of infrastructure before CADP started to address the situation, adding that now life has came back to the farm estate and that shortly all the plots will have been taken up.
Also talking, the Farm Manager of Palm Royal Farms Mr. Gbenga Oyelerun, explained that his 106 tons per cycle fish farm and feed mill has also profited from the intervention by realising a 50% reduction in the use of diesel during power disturbances.