African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development have voted $1billion to deliver special agro-industrial processing zones in 24 States of Nigeria.
This is in addition to an initial $520 million voted by the development partners for the development of eight special agro-industrial processing zones in the country.
In a speech titled,"From Dakar to Des Moines", Adesina said that the decision to pump such huge funds into Nigeria's agribusiness was part of the resolve to develop Special Agro-Industrial Processing Zones in 13 countries. "The bank has mobilized additional co-financing of 661 million dollars, for a total commitment of $1.5 billion."
Adesina regretted that while much progress had been made in African agriculture, 283 million people still go to bed hungry, about a third of the 828 million people that suffer hunger globally. Earlier, Shettima, who spoke on the Tinubu administration's initiatives for food security, said the quality of present leadership in Nigeria and the rest of Africa would drive transformation in agriculture and other sectors." Right now Africa is blessed with quite a handful of quality leaders that have the drive, passion and skills set to redefine the meaning and concept of modern leadership.
He said,"It is inconceivable that we are the second largest wheat importer in the world. Luckily, we have already procured the heat tolerant variety of wheat seeds.
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