Africa Fertilizer Financing Mechanism launches US$2.2 mill project in Nigeria

NIGERIA – The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a US$2.2 million project to provide fertilizer suppliers in Nigeria with financial support, implemented by Africa Fertilizer and Agribusiness Partnership (AFAP). The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers and 120 retail agro-dealers, improving fertilizer supply to 200,000 smallholder farmers. The project will also train farmers in proper fertilizer use and other agricultural best practices. “We will leverage on existing networks and look for creative solutions…

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