Financing of the 2nd "Rural and Mobility Project"
The Federal Government of Nigeria and the French Development Agency (AFD) concluded an agreement, on August 6th 2013, related to the financing of a 60 Million $ loan for the 2nd phase of the :
“Rural And Mobility Project” - RAMP II.
This agreement involves the Coordinating Minister for the Economy, Honorable Minister of Finance, Dr. (Mrs.) Ngozi Okonjo-Iweala, H. E. Jacques Champagne de Labriolle, Ambassador of France to Nigeria and Mr. Michel-Stanislas Villar Deputy Country Director of AFD in Nigeria.
This financing agreement, amounting to 60 M$ will support the “Rural And Mobility Project” (RAMP II). This program, co-financed with the World Bank, (for a total budget of 242.7 M$, including 60 M$ for AFD), tackles the reduction of poverty in rural areas of four States: Adamawa, Osun, Enugu, Niger.
It focuses on the mobility of population of rural areas and on the improvement in traffic and transport conditions by the rehabilitation of rural roads networks. The project will improve the access of local people and farmers to basic services and facilitate the flow of agricultural production within States and inter States.
More notably, the project will rehabilitate 1 450 km of rural roads, maintain 1 650 km of such roads and build or rehabilitate 65 river bridges. Particular emphasis will be placed on the sustainability of the investments through a maintenance component for the rehabilitated roads (a community based pilot project is underway on 200 km of roads) and through a ‘’capacity-building’’ component (at the Federal level as well as at the beneficiary States level).
The RAMP II programme should directly impact on more than 1.5 million people and contribute to an increase of 6% of the proportion of the population having access to the road networks being built or rehabilitated. The 1,650 km of rural roads of the project will be subject to a proper maintenance scheme which will generate activities for over 400,000 men/days.
Sequel to the signing of an urban transport project in Lagos (Bus Rapid Transit, BRT/Lagos), in November 2011 and of an urban water project in Cross River and Lagos (NUWSRP II) in November 2012, the signing of this third financial agreement between the Federal Republic of Nigeria and the French Development Agency (AFD) demonstrate the willingness of France to strongly participate to development activities in Nigeria.
|Agence Française de Développement (AFD) is a public development finance institution that has been working for more then 70 years to fight poverty and support economic growth in developing and emerging countries. AFD implements the development policy defined by the French Government.|
AFD has an international network of 70 agencies and representation offices worldwide. AFD finances and supports projects that improve people’s living conditions, promote economic growth and environmental protection: schooling for children, maternal health, support to farmers and small businesses, water supply, tropical forest preservation, fight against climate change, among other concerns.
In 2012, AFD approved about 7 billion € to finance activities in developing and emerging countries including about 30% dedicated to sub-Saharan African countries. These funds will help get 4 million children into primary school and 2 million into secondary school. They will also improve drinking water supply for 1,53 million people. Energy efficiency projects financed by AFD in 2012 saved annually 3,8 million tons of carbon dioxide emissions.
In Nigeria, AFD has a portfolio of projects amounting to USD 700 Million focusing on key sectors and financing Nigeria’s most needed infrastructures: urban development, water supply, energy, transport and agriculture.
Agence Française de développement
French Development Agency
3 Udi Hills Str. Off Aso Drive Abuja
(234) 703 249 47 71
Director: Hubert Dognin
Press contact: Maxine Janet (0703 504 07 66)