• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 3, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

AfDB mobilizes $540m for Nigeria to develop agro-industrial processing zones

Our Reporters by Our Reporters
April 27, 2022
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The African Development Bank (AfDB) has announced plan to support Nigeria with fiscal facilities of up to $540million to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country.

President of the Bank and a former Minister of Agriculture, Dr. Akinwumi Adesina,  disclosed this while briefing President Muhammadu Buhari at State House, Abuja, on Tuesday.

“We have decided to mobilize $540 million 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”, he said.

The AfDB President indicated that the processing zones would 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,” Dr Adesina added.

President Buhari commended AfDB for being foresighted and proactive about food security on the continent, and Nigeria specifically.

Previous Post

2023: Amaechi lobbys South-East Delegates

Next Post

2023: Age will determine the next PDP Presidential candidate says former PDP Ministers

Next Post

2023: Age will determine the next PDP Presidential candidate says former PDP Ministers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Collapsed Smart School Buildings in Enugu: Why communities must demand accountability, not sabotage progress
Opinion

Collapsed Smart School Buildings in Enugu: Why communities must demand accountability, not sabotage progress

by Newsdesk Africa
August 2, 2025
0

By Linus Obiora Madukaife I write this with a heavy heart, deeply concerned by the recent reports of collapsed smart...

Read moreDetails

Obi and collective leadership consciousness

August 1, 2025
ADC crisis deepens as Gombe labels Atiku, Mark, Aregbesola political hijackers

ADC crisis deepens as Gombe labels Atiku, Mark, Aregbesola political hijackers

August 1, 2025
Kaduna Police Command arrests 456 suspects, recover arms, ammunition

Kaduna Police Command arrests 456 suspects, recover arms, ammunition

July 31, 2025
Dangote advocates budget-friendly mass housing for Nigerians

Dangote advocates budget-friendly mass housing for Nigerians

July 31, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng