AFDB To Drive Africa’s Agricultural Sector Transformation

0

The goal of the African Development Bank is to ensure that the continent is able to feed its populace in the next decade.

Dr. Akinwunmi Adeshina, stated this while delivering his speech at the IITA’s 50th anniversary celebration at the institute’s headquarters in Ibadan, where he also pledged more financial support for agriculture in Africa.

His words: “At the African Development Bank we’ve decided to work with this amazing institution to help drive Africa’s agricultural sector transformation. The Bank will be investing $24 billion in agriculture, over the next ten years, to help turn agriculture into a business all across Africa.

Our goal is to ensure that Africa feeds itself within ten years, and unlock the full potentials of its agriculture.

Dr. Adeshina went further to say that the core of this is getting technologies to millions of farmers.

And that the Bank has developed Technologies for African Agricultural Transformation (TAAT), together with IITA and other CGIAR centers, as a technology platform to help take high yielding technologies to farmers for an Africa green revolution.

The African Development Bank and the World Bank plans to invest up to $ 800 million in TAAT, which would be launched this year.


By Adeyemi Bamidele Ezekiel