Nigeria is set to receive $134 million from the African Development Bank to assist the growing of vital crops such rice, maize, cassava, and soybeans.
The bank’s president, Dr. Akinwunmi Adesina, said on Saturday that $134 million will be provided to help this endeavour after touring the Centre for Dryland Agriculture at Bayero University, Kano according to The Times.
For the 2024 planting season, Adesina told reporters that the “The bank will support Nigeria in farming 300,000 hectares of maize and rice, along with 150,000 hectares of cassava and 50,000 hectares of soybeans.”
Adesina also stated that “The AfDB will provide funding to the CDA and collaborate with it to establish a centre on weather pattern forecasts and data gathering, allowing farmers to plant more efficiently.
According to the Nigeria Bureau of Statistics, food inflation in Nigeria is now at an all-time high of 35.41%.
