AfDB rolls out Agro-Industrial Processing Zones in Nigeria
ABIDJAN–African Development Bank President Dr Akinwumi A. Adesina received four Nigerian executive governors and the Chief Executive Officer of the Nigeria Sovereign Investment Authority (NSIA) at the Bank’s Abidjan head office on Tuesday.
The Bank President invited the Governors and the NSIA head to discuss what will be the rapid rollout of the first phase of the Bank’s Special Agro-Industrial Processing Zones (SAPZ) program in their states.
The African Development Bank set up the flagship SAPZ program to support inclusive and sustainable agro-industrial development in countries across the continent.
In Nigeria, the program will soon get underway in seven states. As Dr Adesina put it “the special agro-industrial processing zones will be game changers for agriculture in Nigeria. They will provide world class infrastructure to support food agribusinesses to locate close to zones of production, develop competitive value chains supported by logistic systems that will drive food processing and value addition. The SAPZs will help create massive wealth and jobs in rural areas and turn rural areas away from being zones of economic misery to zones of economic prosperity,“said Adesina.