{"id":42063,"date":"2022-04-27T16:22:20","date_gmt":"2022-04-27T16:22:20","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=42063"},"modified":"2022-04-27T16:22:25","modified_gmt":"2022-04-27T16:22:25","slug":"afdb-mobilises-540m-for-nigerias-agro-industry","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/afdb-mobilises-540m-for-nigerias-agro-industry\/","title":{"rendered":"AfDB mobilises $540m for Nigeria\u2019s agro-industry &nbsp;"},"content":{"rendered":"<p>The African Development Bank (AfDB) will support Nigeria with $540 million to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country. &nbsp;<\/p>\n\n\n\n<p>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. &nbsp;<\/p>\n\n\n\n<p>Adesina: \u201cWe 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.\u201d &nbsp;<\/p>\n\n\n\n<p>The AfDB President indicated that the processing zones will initially be rolled out in seven States, including Kano, Ogun, Oyo, Kaduna, Kwara, Imo, Cross River, and the Federal Capital Territory. &nbsp;<\/p>\n\n\n\n<p>\u201cI look forward, Your Excellency, to your formal launch of these Special Agro-Industrial Processing Zones, very soon,\u201d Dr Adesina added. &nbsp;<\/p>\n\n\n\n<p>President Buhari commended AfDB for being foresighted and proactive about food security on the continent, and Nigeria specifically. &nbsp;<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-42063\" data-postid=\"42063\" class=\"themify_builder_content themify_builder_content-42063 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The African Development Bank (AfDB) will support Nigeria with $540 million to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country. &nbsp; 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. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12248,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[701],"tags":[146],"class_list":["post-42063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","tag-afdb","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AfDB mobilises $540m for Nigeria\u2019s agro-industry &nbsp; - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/afdb-mobilises-540m-for-nigerias-agro-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB mobilises $540m for Nigeria\u2019s agro-industry &nbsp; - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The African Development Bank (AfDB) will support Nigeria with $540 million to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country. &nbsp; 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. 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