Today's date is:
HOME   |    ADVERTISE    |    CONTACT US   |    FAQ
MENU


$520m Special Agro-processing Zones: Why we're happy with FCTA - AfDB

Nov, 2021 | By Austine Elemue | ||

Greater confidence for take-off of the Special Agro-Industrial Processing Zone (SAPZ) in Federal Capital Territory (FCT) has come following fresh backing to the hugely beneficial project by Africa Development Bank (AfDB), one of the major development partners for the project. FCT is among few states in the country selected for establishment of the $520 million project. The renewed commitment was made by AfDB Vice President for Agriculture, Human and Social Development, Dr. Beth Dunford.

Speaking while leading a delegation of AfDB senior directors on a visit to the site of the SAPZ hub in Paikon-Kore grazing reserve in Gwagwalada Area Council of FCT recently, Dr. Dunford expressed satisfaction with the state of preparedness of FCT Administration (FCTA) for the project's take-off. She noted that the establishment of SAPZs is important for transforming Nigeria's agricultural sector, and by extension, the economy.

Dr. Dunford's words: "I am really impressed with what is on ground. I think we know that the Special Agro-Industrial Processing Zones are incredibly important for really transforming Nigerian agriculture. "And to really transform the economy, we all know we have to start with agriculture. And this is a way to really bring together the businesses, the infrastructure that we need to fuel the businesses, to add value to provide more jobs, more opportunities and to really turn the small farmers in this area into commercial farmers to improve their livelihood opportunities.

"And what I see here today translates to mean that you all have put all of your efforts and your brains and your time and your expertise into really building this amazing effort. ''So, we in the African Development Bank are really excited about partnering with the government of Nigeria to make this happen, to make this happen quickly on the continent." She affirmed that with the commitment shown by the government, Nigeria could be a model for the rest of the continent to transform, assuring that the management team of the bank is working together to drive this effort to fruition.

Speaking earlier, Chairman of the Ministerial Committee on SAPZ, Professor Muhammad Usman, commended the entire board and management of AfDB for the commitment towards the establishment of the project in FCT, just as he assured that the Administration has committed resources to provide complementary counterpart support to ensure smooth take-off of the project. He added: "This project will help us to achieve two developmental objectives; one of which is to partner with the private sector to ensure that we create jobs for the youth, and the second is to help us build the economy to lift people out of poverty.

"In doing this, the SAPZ occupies a very important pride of place because agriculture is the mainstay of our people, and the partnership will add value to the communities." It could be recalled that four development partners had committed the total sum of $520 million for the development of the first phase of SAPZ in selected states.


WE BELIEVE THAT:




























Business News

$520m Special Agro-processing Zones: Why we're happy with FCTA
Read More »
AEA commences 2nd batch of YEP
Read More »
Youth involvement in agriculture can guarantee food security- Sadeeq
Read More »
How ICT deployment by FCTA staff'll enhance service delivery
Read More »
Copyright 2014© Abuja Digest Magazine|POWERED BY RIMAKE SOLUTION SYSTEMS LTD