African Development Bank Group approves $200 million to boost agricultural production and reduce food imports
Nigeria, Feb. 13 -- The Board of Directors of the African Development Bank Group has approved a $200 million loan to finance the scale up of priority agricultural investments that boost productivity, strengthen value chains and accelerate climate-smart, data-driven farming under the second phase of the Federal Government of Nigeria's National Agricultural Growth Scheme - Agro-Pocket (NAGS-AP).The new approval follows an earlier approval of financing for Sector Budget Support under the Bank Group's African Emergency Food Production Facility. It will contribute directly to the implementation of five programmes under the National Agricultural Technology and Innovation Policy (NATIP).These are: access to high-quality agricultural inputs; streng...
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