African Development Bank to spend $563m in states across Nigeria
From Desmond Mgboh, Kano African Development Bank (AfDB) is to spend a total of $563m in states across Nigeria, the President of the Bank, Dr Akinwumi Adesina has announced. Adesina held that the amount, which is part of the bank’s programme for Special Agricultural Industrial Processing Zones, would focus on the development of rural roads, […] The post African Development Bank to spend $563m in states across Nigeria appeared first on The Sun Nigeria.
From Desmond Mgboh, Kano
African Development Bank (AfDB) is to spend a total of $563m in states across Nigeria, the President of the Bank, Dr Akinwumi Adesina has announced.
Adesina held that the amount, which is part of the bank’s programme for Special Agricultural Industrial Processing Zones, would focus on the development of rural roads, transportion, infrastructure, water supply, sanitation and agricultural productivity.
Speaking during a condolence visit to the Governor of Kano State, Dr. Abdullahi Umar Ganduje over the death of the Late Sani Dangote,, he explained that Kano would get a total of $110 m out of the earmarked amount.
His words : “We are using $110m in Kano for our programme on Special Agricultural Industrial Processing Zone. We are in all, having about $563m that will be dedicated to that project in various states of Nigeria. “
Dr Adesina held that the programme would help develop consolidated infrastructure in rural areas and allow the private sector food and agribusiness companies to reduce the amount of losses they incur.
He added that it would create more competitive value chains, transform the rural areas from the zones of misery to zones of economic prosperity and increase the amount of resources available to the states”
In his response, Ganduje thanked the AfDB President for the development programme and assured him of the cooperation of his administration
He said “This is what we mean by genuine development, when institutions are strengthened and individuals or collection of individuals are rightly directed.”
The post African Development Bank to spend $563m in states across Nigeria appeared first on The Sun Nigeria.
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Chidi Igwe
I was born in Nigeria and trained in Canada. With a Master of Arts in linguistics from the University of Regina, and PhD from Dalhousie University, I am currently an Assistant Professor at the University of Regina. I have taught French language and linguistics in various institutions, including the French Language Centre, Awka and Dalhousie University, Halifax.
I am the author of Taking Back Nigeria from 419, published in 2007, and many scholarly articles in reputable academic journals. I am a passionate servant of the people.
