Archive AfDB Plans $175m for Agricultural Transformation in North-West Region

AfDB Plans $175m for Agricultural Transformation in North-West Region


- Advertisment -

Suzzy Tolofari

The Country Director, African Development Bank (AfDB), Dr Ousmane Dore, has earmarked 175 million dollars for Agricultural Transformation Agenda Support Programme (ATASP-I) as instrument for consolidating the bank’s investments in Nigerian agricultural sector.

The latest edition of the bank’s newsletter, issued by its Nigerian Country Office on Tuesday in Abuja quoted Dore as saying this at a meeting held in Kaduna Government House recently.
He said that in recognition of its ongoing effort to transform agriculture from subsistence to agribusiness, AfDB was invited by the leadership of Nigeria’s North-West region to review the agricultural development strategy for the region.

Dore added that another aim of the invitation was for the bank to give an overview of its ongoing and upcoming interventions in agriculture in Nigeria as they relate to the seven North-West states.

“In line with the agenda of the meeting, we (bank) have outlined the AgriculturalTransformation Agenda Support Program (ATASP-I) of 175 million dollars as the main instrument for consolidating bank investments in Nigeria agricultural sector.

“Under this programme, the bank has established four Staple Crops Processing Zones (SCPZs), which cover four out of the seven North-West states – Kebbi, Sokoto, Kano and Jigawa,’’ Dore said.

Dore also outlined two upcoming projects totalling 500 million dollars.
He said that 300 million dollars was on Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Programme and 200 million dollars on Phase II of the ATASP.

Dore said that the forum recognised that the bank had been providing financial support to SMSE through lines of credit to several commercial banks as well as through the policy banks like Bank of Industry and NEXIM.

He added that the forum also appreciated the bank’s technical assistance to the Bank of Agriculture through grants.

Dore said that the governors expressed gratitude to the bank and its president for supporting the region.

He said that they also gave the assurance of working closely with the bank to finalise and operationalise their agriculture strategies.


Please enter your comment!
Please enter your name here

Latest news

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living With Dissabilities (JONAPWD ) in Lagos state has commanded Babajide...

Groups Call On Judicial Panels Of Inquiry To Dispense Justice On Victims, Survivors Of Police Brutality

Kenneth Afor | The Network on Police Reform in Nigeria (NOPRIN) and Centre for Law Enforcement Education (CLEEN Foundation) has...

COVID-19 Second Wave: FG Urged To Ban Flights From Britain, Others

By Ijeoma Ukazu | With some countries currently experiencing the spread of the new COVID-19 variant, the Health Writers’ Association...

“I am not distracted by calls for 2023 presidential race” — Yahaya Bello

Kogi state Governor Yahaya Bello has said calls for him to contest in the forthcoming 2023 presidential election is...

AfDB Provides $25m To Boost Low-Carbon Energy Generation

The African Development Bank’s Board of Directors on Monday, December 14, 2020 approved $15 million from the Sustainable Energy...

Civil Defence Receives COVID-19 Testing Equipment

The Commandant General, Nigeria Security and Civil Defence Corps, Abdulahi Gana Mohammadu on Friday in his office received Covid...

Must read

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: