Nigeria Secures African Development Bank Funding for Phase II of Agro-Industrial Zones Project

The Federal Government has secured an enhanced funding commitment from the African Development Bank, AfDB, to operationalise the second phase of the Special Agro-Industrial Processing Zones initiative.

Vice President Kashim Shettima disclosed this in a post on his official X handle, noting that the agreement was reached during a bilateral meeting with AfDB President, Dr. Sidi Tah, on the sidelines of the eightieth Session of the United Nations General Assembly in New York.

He stated that the second phase of the project is designed to scale up climate-resilient infrastructure and drive inclusive agro-industrial growth across twenty-four additional states, expanding beyond the initial eight states and the Federal Capital Territory covered in the first phase.