The Federal Government and the African Development Bank (AfDB) have initiated discussions to explore strategic areas of collaboration aimed at bolstering food security, advancing the Special Agro-Industrial Processing Zones (SAPZ) project, and promoting sustainable economic growth in Nigeria.
The partnership seeks to leverage the AfDB’s funding and technical expertise to tackle some of Nigeria’s most pressing economic challenges, including food security and agricultural development.
The discussions took place during a high-level meeting between the Ministry of Finance and the AfDB in Abuja, where the Minister of Finance underscored the critical importance of AfDB’s support as the country prepares for a pivotal harvest season.
The success of the upcoming harvest is seen as essential not only for Nigeria’s food security but also for maintaining economic stability amidst various global and local challenges.
In a statement released by the Ministry, Minister of Finance and Coordinating Minister for the Economy, Wale Edun highlighted AfDB’s role in supporting Nigeria through its funding mechanisms and technical expertise.
