AfDB, FAO to invest $100m in Africa’s Agriculture

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Agitated by the need to end hunger and malnutrition in the continent, the African Development Bank (AfDB), and the Food and Agricultural Organization of the United Nations (FAO) have signed an agreement which will secure a $100million to boost the agricultural sector in Africa.

The new alliance which is aimed at strengthening the quality and impact of investments in food security, nutrition, social protection, agriculture, forestry, fisheries, and rural development was signed by the AFDB President Dr. Akinwumi Adesina and FAO Director-General Jose Graziano Da Silva and at the UN agency in Rome.

While commenting on the agreement, AfDB President Dr. Akinwumi Adesina said: “The signing of this supplementary agreement is a milestone moment in the relationship between the African Development Bank and FAO.”

According to him, the agreement “signals our joint commitment to accelerate the delivery of high-quality programs and increased investment for public-private-partnerships in Africa’s agriculture sector.”

“This will help us achieve the vision of making agriculture a business, as enshrined in the Bank’s Feed Africa strategy.” He added

On his part, FAO Director-General, José Graziano da Silva, noted that “FAO and the AfDB are deepening and broadening our partnership to assist African countries achieve the sustainable development goals”

He stressed that Leveraging investments in agriculture was key to lifting millions of people from hunger and poverty in Africa as well as providing rural jobs for the continent’s growing population.

The post AfDB, FAO to invest $100m in Africa’s Agriculture appeared first on AgroNigeria.

Source: AgricNews-Update

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