✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

AfDB lends Nigeria $210m for agro-processing zones

The African Development Bank’s (AfDB) Board of Directors has approved a $210million loan to Nigeria for the Special Agro-Industrial Processing Zone Programme.

The loan could impact the lives of millions of people in Nigeria, especially farmers.

A statement from the AfDB noted that the loan would co-finance phase 1 of the agricultural programme.

SPONSOR AD

It noted that the programme would help to unlock Nigeria’s agricultural potential and would promote industrialisation through the development of strategic crops and livestock. 

Nigeria Phase 1 Zone construction is expected to augment value chain commodities in Cross River State; Federal Capital Territory – beef and dairy livestock; Imo State – beef and dairy livestock; Kaduna State – tomato, maize and ginger; Kano State – rice, tomato, groundnuts and sesame oil; Kwara State – livestock; Ogun State – cassava, rice, poultry and fisheries and Oyo State – cassava, soybean, rice.

The AfDB stated that financing for this programme represented one of its most ambitious operations in terms of scale and scope. 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

Breaking NEWS: Nigerians can now earn US Dollars. Earning $15,000 (₦25 million naira) Monthly as a Nigerian is no longer complicated.


Click here to start.