AfDB Mobilises $540m for Nigeria’s Food Security
The African Development Bank (AfDB) on Wednesday expressed determination to 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.Said Dr Adesina: “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 rol...