AfDB Set To Disburse $540m For Special Agro-Industrial Processing Zones 

Posted on February 10, 2024
The African Development Bank (AfDB) has announced a whopping $540 million disbursement to the first batch of states that submitted applications for the Special Agro-Industrial Processing Zones. This is fantastic news for Cross River, Imo, Kaduna, Kano, Kwara, Ogun, Oyo, and the Federal Capital Territory (FCT).The project is poised to revolutionize agriculture in these states by developing infrastructure, establishing 15 Agricultural Industrial processing hubs, 15 Agric Transformation Centers, and supplying agricultural inputs and extension workers. Consequently, beneficiaries will include smallholder farmers, private sector agric biz, agro-dealers, agro-processors, and agric-preneurs. An estimated 1.5 million households will also benefit from this initiative.

The first states to receive the credit are Oyo, Kaduna, and Cross River, with others following suit after completing the necessary documentation. As active citizens, it is our duty to follow the implementation of this project. It is worth noting that the loan was approved during the Buhari administration on the 13th of December 2021 and signed on the 30th of June 2022.

Leave a Reply

Your email address will not be published.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

Latest News

In the words of Malala Yousafzai, the Pakistani human rights and female education activist,... Continue
IZUCHUKWU ADICHIE  On Saturday, July 13, at St. Lawrence Anglican Church, Mbaukwu, Awka South,... Continue
A human rights activist, Comrade Adeniyi Alimi Sulaiman, has joined world leaders to celebrate... Continue
  The Nnewi South Chapter of the All Progressives Congress, APC, is thrilled to... Continue
The Kwara State Governor, AbdulRahman AbdulRazaq, has sent his sincere condolences to the people... Continue
Mr. Wilson Ebireri, a quiet-spoken business magnate, historian and charismatic leader, is dead. The... Continue
Just a year after the Spanish women’s team defeated England 1-0 at the FIFA... Continue
The infrastructure partner of the Oyo State government, Allianz West Africa, has taken delivery... Continue
As a party APGA is like the phoenix that emerges stronger from the ashes.... Continue
Dangote Refinery is ramping up crude oil production with a purchase of an additional... Continue

UBA


Access Bank

Twitter

Sponsored