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HomeNewsAfDB Mobilizes $540M For Special Agro-industrial Processing Zones, As Imo, Others Benefit

AfDB Mobilizes $540M For Special Agro-industrial Processing Zones, As Imo, Others Benefit

Following the partnership with Nigerian Government for the pilot phase of the Special Agro-Industrial Processing Zones to be located in Imo State and other six States, the African Development Bank (AfDB) mobilizes $540m for the project.

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Speaking after his meeting with President Muhammadu Buhari at State House Abuja today, Dr. Akinwumi Adesina, the President of the Bank disclosed that:

“The African Development Bank has approved a total of $210 million while the Islamic Development Bank and the International Fund for Agricultural Development (IFAD) have approved $170 million and $160 million respectively, towards the program.”



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