The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria's government to allow massive food importation risks destroying the country's agriculture.
The President of the Africa n Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria 's government to allow massive food importation risks destroying the country's agriculture.
"Nigeria cannot import its way out of food insecurity," he said,"Nigeria must not be turned into a food import-dependent nation." Noting that Africa accounts for nearly a third of the more than 780 million people worldwide who are hungry, the African Development Bank president said agriculture is critical for the diversification of economies, and for the transformation of rural areas, where over 70 percent of the population of Africa live."It is clear therefore that unless we transform agriculture, Africa cannot eliminate poverty," he insisted.
For Nigeria, Adesina said,"Together with the Islamic Development Bank and the International Fund for Agricultural Development, we have provided $520 million to support the establishment of Special Agricultural Processing Zones, which will allow private agribusinesses to establish industries that process and add value to agricultural commodities."
News Politics Economy Trade Business Sports Current Events Travel Economy Business And Finance West Africa Nigeria Agribusiness Food And Agriculture
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ghana: Rising Costs of Locally Produced Food Drive Ghana's Food InflationData from the Ghana Statistical Service shows that locally produced food contribute more to inflation than imported counterpart.
Read more »
Guinea: Easing Guinea's Food Insecurity - the IMF's Food Shock WindowAnalysis - IMF emergency financing has supported Guinea's efforts to cope with the effects of macroeconomic shocks, underpinned by the authorities' commitment to transparency in the uses of these funds
Read more »
Food parcels pile up because food banks have no money to distribute themParcels were delivered by private companies between March and May.
Read more »
Food parcels pile up in Gauteng warehouses because food banks have no money to distribute themFor the first nine months of the 2023/24 financial year, the food banks were out of stock because the department had experienced delays in its tender process to appoint supplier companies.
Read more »
A Threat to Nigeria's Health, Environment, Sovereignty and Food Security?In a bid to boost food production and improve pest resistance, Nigeria has embraced Tela maize, a genetically modified crop hailed by its proponents as a revolutionary solution to the country's food security challenges.
Read more »
Nigeria: Genetically modified maize launched amidst food crisis, but safety concerns remainThe Nigerian government has officially launched the genetically modified, high-yielding maize varieties in the country amidst a worsening food insecurity, but many farmers are resisting, preferring their own seeds.
Read more »