The United Kingdom (UK) Department for International Development (DFID)’s Market Development (MADE) Programme and a non governmental organisation, Foundation for Partnership Initiatives ( PIND)’s joint research study has uncovered that Nigeria’s Naira devaluation and the recent Central Bank of Nigeria (CBN)’s policy barring access to foreign exchange for the importation into the country of certain agricultural products has impacted positively on the agricultural value chain in the Niger Delta of the country.
The DFID MADE Programme is a 4½-year design and implement project in the Niger Delta applying a market development approach (M4P) to improve market access, increase economic activity, and raise the incomes of 150,000 poor people, half of whom will be women initially focusing on the critical constraints to pro-poor growth in the value chains of palm oil, aquaculture and fisheries, agricultural inputs, and backyard poultry aimed at stimulating private sector provision of services and promote innovative, inclusive business models that reach a large number of low-income households,while PIND on the other hand is a non- profit organisation working to build partnerships for peace and equitable economic development in the Niger Delta with the sum to achieve a legacy of sustainable peace and development among communities in the Niger Delta.
The two bodies collaborated to produce a report from their study on the effect of naira devaluation on agricultural value chains in the Niger Delta.
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