AFDB $210M Loan for Nigeria Special Agro-Industrial Processing Zone Program 2022

AFDB $210M Loan for Nigeria Special Agro-Industrial Processing Zone Program 2022 – We use this medium to inform you about the ongoing 2022 African Development Bank (AFDB) $210M Loan for Nigeria Special Agro-Industrial Processing Zone Program.

AfDB’s Special Agro-Industrial Processing Zones will help revive rural economies, boost food and agric business investments, turn many rural areas from zones of economic misery to economic prosperity.

According to the African Development Bank (AFDB), they have approved $210M Loan for Nigeria To Finance AIPZ Program. Read details below

African Development Bank yesterday approved a $210million loan to Nigeria. The loan will co-finance Phase of Nigeria Special Agro-Industrial Processing Zone Program.

The program will support FG’s efforts to raise agricultural productivity, promote investment, create wealth & jobs, & transform rural areas into corridors of economic prosperity.

List of States in Phase 1 of AFDB AIPZ Program $210M Loan Disbursement

Phase 1 of the project will target 7 states & FCT. The program is expected to promote industrialization through the development of strategic crops and livestock:

1. Cross River State – cocoa, rice and cassava
2. Federal Capital Territory – beef and dairy livestock
3. Imo State — beef and dairy livestock
4. Kaduna State – tomato, maize and ginger
5. Kano State — rice, tomato, groundnuts and sesame oil
6. Kwara State — livestock
7. Ogun State — cassava, rice, poultry and fisheries
8. Oyo State — cassava, soybean, rice.

To register and read more regarding this loan, visit the AFDB website

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