Over 40,000 farmers have benefited from the FADAMA III intervention in Anambra, just as they have increased saves by 70 per cent, according to the Project Coordinator, Mr. Emmanuel Muofunanya, reports NaijaAgroNet.
The News Agency of Nigeria (NAN) report made available to correspondent, indicates that Mr. Muofunanya in Awka said that the programme also disbursed in excess of N600 million to 870 groups between 2009 and 2013.
The farmers, he said, witnessed an increase in their average income from N45,000 in 2009 to N80,000 in 2013, stressing that a survey conduct by the International Food Policy Research Institute (IFPRI) in the state revealed that the beneficiaries had improved their savings and income by 70 per cent.
“The farmers have done well in Fadama Users Equity Fund, where farmers are encouraged to save 10 per cent of their income to sustain their projects as well as in technology adoption.
Emphasising that the project development objective has been to increase the income and livelihood of beneficiaries and in that regard, the project has done well, insisting that irrigation had remained a serious challenge to achieve more successes in the state.
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