AfDB President, Dr Akinwunmi Adesina
The African Development Bank (AfDB) will support Nigeria to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country.
Dr Akinwumi Adesina, President of the Bank and a former Minister of Agriculture, disclosed this while briefing President Muhammadu Buhari at State House, Abuja, on Tuesday.
Dr Adesina said, “We have decided to mobilize $540 for the program. The African Development Bank has approved a total of $210 million. The Islamic Development Bank, and the International Fund for Agricultural Development (IFAD) have approved $170 million, and $160 million respectively, towards the program.”
The AfDB President indicated that the processing zones will initially be rolled out in seven states, including Kano, Ogun, Oyo, Kaduna, Kwara, Imo, Cross River, and the Federal Capital Territory.
“I look forward, Your Excellency, to your formal launch of these Special Agro-Industrial Processing Zones, very soon,” he added.
President Buhari commended AfDB for being foresighted and proactive about food security on the continent, and Nigeria specifically.
0Segun Atanda/ In a grand celebration of literary giant Wole Soyinka's 90th birthday, the much-anticipated…
...Calls for Collaboration to Reduce Production Cost In a move towards increasing Nigeria’s crude oil…
Segun Atanda/ In a move aimed at enhancing consumer credit access for Nigerians, President Bola…
Segun Atanda/ The police in Ogun State have told how they intercepted a kidnapping attempt,…
In a bid to stamp out environmental degeneration and sustain the position of Lagos State…
By Kola Johnson/ As Tunji Bello, the veteran journalist, lawyer, political scientist, brilliant writer, former…