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Nigeria receives $2.4m from Gates Foundation

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By Okunloye Abiodun

Gates Foundation has committed $2.4m to support Nigeria's agroforestry efforts.

At the ongoing climate financing negotiations at COP27, Nigeria has gotten $2.4 million in funding from the Bill and Melinda Gates Foundation. This information was shared by the Minister for the Environment, Mohammed Abdullahi, on Wednesday in Sharm El Sheikh, Egypt, which is the venue of the global conference on climate change. He explained that the commitment was to conduct research and development in the field of soil science as well as to intervene in the field of agroforestry.

He added that when he was with Bill and Melinda Gates Foundation, the foundation had promised the funds to help the country’s agroforestry efforts, as well as our efforts to advance digital technology in the areas of soil research and development, bean cultivation, corn cultivation, and rice cultivation. Their primary goal is to assist smallholder farmers in expanding their soil-related skills and knowledge. This includes both pre-planting soil science and the ability to grow crops.

Nigeria seeks other partnerships to aid improvement.

This particular funding line from Bill and Melinda Gates Foundation is about $2.4 million. He added that they have also discussed the matter with the European Development Bank (EDB). The EDB has expressed an interest in financing some “green” projects in Nigeria, but in order to do so, they require a partner organization located within the nation. According to him, they are maintaining an open channel of communication with the Bank of Industry to determine whether or not they are capable of acting as country agents for the EDB in order to locate those projects and carry them out.

However, Mr. Abdullahi was unable to provide a precise conclusion regarding the entire amount of the commitments that the nation has so far received, as he stated that negotiations were still in progress. They are not able to claim with absolute certainty that there is “x amount of money,” but there’re openings in the situation that they have the potential to take advantage of after the fact. They have initiated a conversation with them at this point.

Agroforestry gives rise to the production of healthy food and vegetation.

The agroforestry models have produced a year-round environment that is conducive to the production of nutritious food and green vegetation that displays a high level of biodiversity. This has been accomplished without the use of any type of inorganic fertilizer, herbicides, or pesticides. This approach has assisted in lowering the detrimental effects of climate change, increasing the production of nutritious food, and enhancing the availability of soil microorganisms on the farm and in the ecosystem surrounding it.

The Food and Agriculture Organization of the United Nations (FAO) defines agroforestry as a dynamic, ecologically based, and natural resource conservation system that uses trees on farmland and in agricultural landscapes to increase social, economic, and environmental benefits for all land users. It is a way to farm that is good for the environment. Farmers grow several crops between trees in a way that doesn’t stop the growth of the other crops. This makes for healthy food production and healthy ecosystems that support carbon sequestration and biodiversity.

The country is progressing in terms of funding opportunities.

Moreover, an organization called “Good Soil DC” based in both the United Kingdom and Ghana, has also committed over $50 million to fund initiatives in the REA (Rural Electrification Agency). To maximize the use of the $50 million, the minister said he had paired REA with Good Soil DC. However, the finding is not intended solely for Nigeria. It’s aimed at developing nations in general, but each country’s share of it will depend on how well it presents a viable green and renewable energy project to the bank. As a whole, the minister expressed optimism that we are making headway in our pursuit of potential funding sources.


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Adeolastan
Adeolastan
1 year ago

The international community and organisations are really trying for the country,unfortunate thing is that we will just hear this money but nothing is been done with the it to better the life’s of the citizens.

Abusi
Abusi
1 year ago

We appreciate the Gates foundation for the grant they have given to us. I hope it is used for the specific reason of helping alleviate people from poverty.

jdpumping
jdpumping
1 year ago

Thanks to the bill gates foundation for remembering us and supporting agroforestry because food is so important and now we are in dire needs of it because of insecurities causing shortages of foods.

Haykaylyon26
Haykaylyon26
1 year ago

A big thanks to bill gate foundation for giving out money to support our agro forestry in other to relieve the sufferness of the people. I hope the money will be spend on what is expected to be spend on

Iyanu12345ogg
Iyanu12345ogg
1 year ago

The international community and organisations are really trying for the country, i hope it is used for the specific reason of helping alleviate people from poverty.

Bola12
Bola12
1 year ago

Thanks to the agroforestry models, we now have a climate that supports food production all year long, as well as lush, biodiverse flora.

Christiana
Christiana
1 year ago

The fundamental objective of Gates Foundation is to provide assistance to smallholder farmers so that they may advance their knowledge and abilities linked to soil.

Nwachukwu Kingsley
Nwachukwu Kingsley
1 year ago

This devotion was made with the intention of conducting research and development in the field of soil science and also intervening in the field of agroforestry.

Adesanyaj72
Adesanyaj72
1 year ago

It’s great that the foundation has vowed to provide funding for agroforestry and digital technology advancements in soil research and development throughout the country.

Godsewill Ifeanyi
Godsewill Ifeanyi
1 year ago

Their principal objective is to be of assistance to smallholder farmers in increasing the skills and information they have regarding soil. This encompasses both the science of the soil done before planting and the ability to actually grow crops.

Hassan Isa
Hassan Isa
1 year ago

They are in constant contact with the Bank of Industry to ascertain their suitability as country agents for the EDB in order to identify suitable projects and see them through to completion.

Taiwoo
Taiwoo
1 year ago

It is intended for developing countries in general, but the amount that any one country will receive will be proportional to the viability of the green and renewable energy project that they offer to the bank.

Chibuzor
Chibuzor
1 year ago

I pray that whatever assistance the international community and organizations provide would be put to good use in reducing poverty in that country.

Kazeem1
Kazeem1
1 year ago

The Gates Foundation’s generous donation is greatly appreciated. Please put it toward that end, which is to help the poor and that will really help a lot of people

Tonerol10
Tonerol10
1 year ago

Thanks to the bill gates foundation for supporting agroforestry because food is so important. we need to make use of the support well

Tolaniiii
Tolaniiii
1 year ago

I hope international aid reduces poverty in this country and that will only happen if the government should make good use of it

SarahDiv
SarahDiv
1 year ago

That is great and very helpful contribution by the Gate Foundation towards improving lives. They have been able to release $2.3million to Nigeria.

DimOla
DimOla
1 year ago

The Bill Gate has proven to be a philanthropist by the given Nigeria 2.5 million dollars to enable agroforestry.

Ultra0711
Ultra0711
1 year ago

Gate foundation as done well to support our course on agro forestry. This will go along way alleviate suffering among in the country.

theApr
theApr
1 year ago

Different institutions just keep showing love to Nigeria. Hopefully the government make this one count and not share it among themselves

Remi1
Remi1
1 year ago

That’s a lot. This is a huge contribution that should be greatly utilized for our outstanding problems in the country.