Analysis of impact of Fadama III Additional Financing (AF1) on beneficiaries income and poverty alleviation in Abuja, Federal Capital Territory, Nigeria

Abstract

The study assessed the impact of Fadama III AF‘s interventions on income and poverty alleviation of beneficiaries in Abuja Federal Capital Territory. A sample of one hundred and fifty respondents among the beneficiaries was drawn using multistage sampling technique. Descriptive and simple percentage was used to analyze the data. The sampled respondents were majorly males that represent 72% in their middle age-group, about 78% of them had western education. Farming was the major occupation among respondents (70%). Fadama III AF1 supported farmers with improved seed varieties, fertilizers, agrochemical, water pump, sprayer, advisory services and capacity building training. Although, the output translated to increased income and poverty alleviation among the beneficiaries, there is room for improvement, because the Fadama users are yet to operate at their full capacity. Based on these findings, the following recommendations were made: there is need to invest more on some infrastructural facilities as well as human resources development; for food supplies to remain stable and secured increase in income, there must be considerable improvement in agricultural technologies in order to increase crop yields, and organized market for the farmers to have stable price index for their produce.

Keywords: Impact, Fadama III AF1, Poverty alleviation, financial intermediation.