Islamic Development Bank to Fund Sierra Leone's Livestock Project Under Feed Salone Initiative
The Islamic Development Bank (IsDB) has committed $40 million to support Sierra Leone's efforts in strengthening its livestock sector through the Feed Salone initiative. This fund is aimed at boosting domestic poultry production, significantly reducing the country’s reliance on imported chicken and eggs.
Sierra Leone's Ministry of Finance has been actively collaborating with development partners like the IsDB to secure funding for priority projects. Deputy Finance Minister Kadiatu Allie expressed gratitude to the bank for its financial backing and pledged technical assistance to ensure the project's success.
Minister of Agriculture, Dr. Henry Musa Kpaka, described the livestock project as a cornerstone of the Feed Salone Programme. He emphasized the thorough groundwork, including feasibility studies and broad consultations with stakeholders. In addition, Kpaka mentioned that there are ongoing discussions to involve OPEC, which could potentially increase the total funding for the project to $100 million.
Sabiu Auwal, the IsDB's Operation Team Leader, outlined the project’s key objectives, including empowering women and youth in livestock farming, improving animal health standards, constructing essential market infrastructure, and supporting the establishment of medium-sized enterprises. These efforts are expected to have far-reaching impacts on Sierra Leone's agricultural sector, fostering job creation and sustainable income generation.
The project will be submitted for final approval by the IsDB board in October. Matthew Dingie, Sierra Leone's Financial Secretary, commended the project’s focus on establishing revenue-generating enterprises, which he highlighted as crucial for ensuring the loan repayment and overall sustainability of the initiative.
This landmark livestock project aligns with the government’s broader goals of achieving food security and stimulating economic growth under the Feed Salone Programme. The initiative aims to transform Sierra Leone’s agricultural landscape by enhancing local production and reducing the country’s dependency on imports, thus boosting both economic resilience and self-reliance.
Comments
Post a Comment