ADVERTISEMENT
TechEconomy
Thursday, May 15, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » AfDB Boosts Nigeria’s Food Production with $134 million Grants

AfDB Boosts Nigeria’s Food Production with $134 million Grants

Reporter: Tobi Adetunji

Techeconomy by Techeconomy
March 4, 2024
in Commerce
1
AfDB president and Tinubu
L-r: Dr. Akinwunmi Adesina, AfDB president and Bola Tinubu, Nigeria's president.

L-r: Dr. Akinwunmi Adesina, AfDB president and Bola Tinubu, Nigeria's president.

RelatedPosts

Diana Tenebe writes on Food Insecurity in Nigeria | Nigeria's foodtech sector

Navigating the Maze: Solutions for Nigeria’s Flourishing Foodtech Industry

May 6, 2025

Industry Summit: Experts Unravel How to Navigate Consumer Preferences in the Nigerian FMCG

May 3, 2025

The African Development Bank (AfDB) has provided Nigeria with $134 million in support for the cultivation of essential crops such as rice, maize, cassava, and soybeans, aiming to enhance food production.

Dr. Akinwunmi Adesina, the bank’s president, announced on the $134 million is being allocated to support this initiative, following his visit to the Centre for Dryland Agriculture (CDA) at Bayero University, Kano.

Adesina informed newsmen that the bank is set to back Nigeria in cultivating 300,000 hectares of both rice and maize, alongside 150,000 hectares of cassava and 50,000 hectares of soybeans for the planting season of 2024.

In his word:

“This March, the AfDB is supporting Nigeria to cultivate 118,000 hectares of heat-tolerant varieties of wheat and another 150,000 hectares of maize.

“We live in an era of climate change and yet only three per cent of African agriculture is under irrigation. We have to make sure we help our farmers with information that is timely and appropriate.

“We have no alternative but to adapt to climate change; adopt better ways of using water, particularly in the cultivation of dry land crops that are more resilient and tolerant,’’ Adesina said.

Additionally, Adesina mentioned that the AfDB would offer grants to the CDA and work in collaboration with it to develop a center focused on weather pattern predictions and information collection, enabling farmers to plant more effectively.

“We will work with the center to become one of the centers of excellence in technology.

“We will also support youths to develop their business ideas into reality with our 20,000-dollar grant on Agri Pitch’ and Agri Hacking’,’’ he said.

United BANK

Nigeria currently grapples with an unprecedented food inflation which stands at 35.41% according to the Nigeria Bureau of Statistics.

As a result, the prices of food items have quadruple, leading to food crisis and a nationwide protest by the organized labour over the persistent hunger in the country.

Meanwhile, the United Nations World Food Programme (WFP) welcomed a generous donation of 25,000 tons of wheat from the Government of Ukraine that will help provide emergency food assistance to 1.3 million crisis-affected people in Nigeria.

The shipment was made possible following a collaborative effort from the United Kingdom, Canada, Denmark, Finland, France, Luxembourg, Norway, Republic of Korea and Sweden, which helped cover the costs of transporting the wheat from Ukraine to Nigeria and its distribution to the families who so urgently need it.

According to WFP, deadly conflicts have displaced millions of households from their homes and farmlands which negatively affected food production and supply.

Loading

United BANK

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares

Tags: AfDB
Previous Post

Asido Foundation appoints Lanre Adisa as Mental Health Ambassador

Next Post

CBN’s N1.053tr Securities Oversubscribed with 79% from Foreign Investors

Techeconomy

Techeconomy

Related Posts

Diana Tenebe writes on Food Insecurity in Nigeria | Nigeria's foodtech sector
Commerce

Navigating the Maze: Solutions for Nigeria’s Flourishing Foodtech Industry

by Techeconomy
May 6, 2025
0

Nigeria's foodtech sector holds immense promise to transform our nation's food production, distribution, and consumption systems. However, this burgeoning industry...

Read more
The Industry Summit by The Industry Newspaper | consumer and FCMG

Industry Summit: Experts Unravel How to Navigate Consumer Preferences in the Nigerian FMCG

May 3, 2025
Temu Prices Skyrocket as Trump’s Tariffs Hit U.S. Shoppers

Temu Prices Skyrocket as Trump’s Tariffs Hit U.S. Shoppers

April 28, 2025
QNET Dissociates from Mighty Infinity Millionaire

QNET Dissociates from Mighty Infinity Millionaire, Reaffirms Ethical Standards in Nigeria

April 23, 2025
Shopify Sued in California

Shopify Accused of Secretly Planting Tracking Cookies on Users’ Phone to Harvest Personal Data

April 22, 2025
PETER LUDI, Managing Director of redPanda Solutions | Retailers

Retailers Need to be Self-enabled to Maintain Control of their Technology Stacks

April 16, 2025
Next Post

CBN’s N1.053tr Securities Oversubscribed with 79% from Foreign Investors

Comments 1

  1. Pingback: AfDB Appoints Eric Kehinde Ogunleye as Director of African Development Institute - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.