AfDB Earmarks $24billion for Agriculture in Next 10 years

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The African Development Bank, AfDB, is set plow in $24 billion dollars in agriculture as part of its Feed Africa programme- a strategy for agricultural development in Africa.

President of the The AfDB,, Akinwumi Adesina, said this in a speech he delivered at the 50th anniversary celebration of the International Institute for Tropical Agriculture (IITA) in Ibadan, Nigeria,

He stressed that the goal of the Bank is to “ensure that Africa feeds itself within ten years, and unlocks the full potential of its agriculture.”

The IITA hosted a series of events to celebrate 50 years of excellence in research. Dignitaries attended the event from across the continent.

The Institute recognized Adesina’s immense contributions to improving agriculture and named a newly constructed building after him.

The US $700,000 Akinwumi Adesina Youth Agripreneurs Building is a new Training Facility for Capacity Development for Youth Agripreneurs funded by the Federal Ministry of Agriculture and Rural Development and IITA. The training facility comprises two major training rooms that can conveniently accommodate 50 trainees each, two big offices for 30 interns each, and 20 standard sized offices.

Adesina re-affirmed his conviction that the future millionaires and billionaires of Africa will emerge from the agriculture sector.

(bizwatchnigeria)

 

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