The African Development Bank Group has unveiled a Country Strategy Paper to support agricultural growth and economic development in Nigeria. Key initiatives include the National Agricultural Growth Scheme and improvements in infrastructure, particularly in Special Agro-Industrial Processing Zones. The AfDB is also addressing financing challenges faced by smallholder farmers by introducing innovative financial instruments.
The African Development Bank Group (AfDB) has launched a new Country Strategy Paper aimed at enhancing agricultural development and economic growth in Nigeria. This initiative was introduced during a meeting between a delegation led by Dr. Abdul Kamara, Director General of AfDB’s Nigeria Country Department, and Finance Minister Wale Edun.
The AfDB’s new Country Strategy Paper represents a significant commitment to Nigeria’s agricultural advancement and infrastructure development. By focusing on transformative projects like the National Agricultural Growth Scheme and innovative financing mechanisms, the Bank aims to address critical challenges in the agricultural sector and facilitate economic growth.
Original Source: www.thisdaylive.com
