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Thursday, 2 March 2017
AfDB to inaugurate $850m agric transformation programme
The African Development Bank already concluded plans to launch a $850m agriculture programme to transform the sector and reduce food imports in Africa.
The Director of Agriculture in the bank, Dr Chiji Ojukwu, said, on the sideline of the International Conference on Wheat in Abuja on Tuesday, that the project, to be called Technology for African Agricultural Transformation, would ensure the generation, sustainable dissemination and adoption of agricultural technologies and innovations.
The conference was organised by the Support to Agricultural Research for Development of Strategic Crops project of the AfDB.
According to him, this new programme will cost about $850m of which wheat alone is $20.8m.
“We are likely going to get the approval for the programme this year and after that, it will start,’’ Ojukwu said.
He listed some agricultural produce that would be boosted in the project to include cassava, rice, wheat and maize among others.
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