Post by Ismail AbdulAzeez on Sept 7, 2018 19:09:25 GMT 1
AfDB, FAO TO INVEST $100m IN AFRICA’s AGRICULTURE, PLANS TO BOOST FISH PRODUCTION
Agitated by the need to end hunger and malnutrition in the continent, the African Development Bank (AfDB), and the Food and Agricultural Organization of the United Nations (FAO) have signed an agreement which will secure a $100million to boost the agricultural sector in Africa.
The new alliance which is aimed at strengthening the quality and impact of investments in food security, nutrition, social protection, agriculture, forestry, fisheries, and rural development was signed by the AFDB President Dr. Akinwumi Adesina and FAO Director-General Jose Graziano Da Silva and at the UN agency in Rome.
While commenting on the agreement, AfDB President Dr. Akinwumi Adesina said: “The signing of this supplementary agreement is a milestone moment in the relationship between the African Development Bank and FAO.”
According to him, the agreement “signals our joint commitment to accelerate the delivery of high-quality programs and increased investment for public-private-partnerships in Africa’s agriculture sector.”
“This will help us achieve the vision of making agriculture a business, as enshrined in the Bank’s Feed Africa strategy.” He added
On his part, FAO Director-General, José Graziano da Silva, noted that “FAO and the AfDB are deepening and broadening our partnership to assist African countries achieve the sustainable development goals”
He stressed that Leveraging investments in agriculture was key to lifting millions of people from hunger and poverty in Africa as well as providing providing rural jobs for the continent's growing population.
In anther development and in a bid to increase aquaculture production in Africa, the African Development Bank through its Technologies for African Agricultural Transformation (TAAT) programme intends to raise yield by five million tonnes by 2025.
The projection was disclosed by the TAAT Programme Coordinator Dr. Chrysantus Akem at a workshop organised for focal countries under the TAAT programme in Abuja.
He said the programme which is an initiative of the AfDB under the Feed Africa is targeted at increasing inland water fish to enable Africa become self-sufficient in fish production.
According to Akem, AfDB initiated the programme with 120 million dollars hoping to use it as start-up money to tap into 700 million dollars that the World Bank has made available in its African Agricultural Transformation Programme.
“This is a 10-year-programme which started in 2015 and will end in 2025,’’ he said.
Meanwhile, the Director of Fisheries, Federal Ministry of Agriculture and Rural Development, Alhaji Muazu Mohammed, said that the country’s annual national demand for fish stood at 3.5 million tonnes.
He further stressed that the country’s total production was 1.1 million tonnes with a deficit of 2.4 million tonnes.
The workshop had in attendance fish stakeholders from Ghana, Cameroon, Benin Republic and Nigeria.
Agitated by the need to end hunger and malnutrition in the continent, the African Development Bank (AfDB), and the Food and Agricultural Organization of the United Nations (FAO) have signed an agreement which will secure a $100million to boost the agricultural sector in Africa.
The new alliance which is aimed at strengthening the quality and impact of investments in food security, nutrition, social protection, agriculture, forestry, fisheries, and rural development was signed by the AFDB President Dr. Akinwumi Adesina and FAO Director-General Jose Graziano Da Silva and at the UN agency in Rome.
While commenting on the agreement, AfDB President Dr. Akinwumi Adesina said: “The signing of this supplementary agreement is a milestone moment in the relationship between the African Development Bank and FAO.”
According to him, the agreement “signals our joint commitment to accelerate the delivery of high-quality programs and increased investment for public-private-partnerships in Africa’s agriculture sector.”
“This will help us achieve the vision of making agriculture a business, as enshrined in the Bank’s Feed Africa strategy.” He added
On his part, FAO Director-General, José Graziano da Silva, noted that “FAO and the AfDB are deepening and broadening our partnership to assist African countries achieve the sustainable development goals”
He stressed that Leveraging investments in agriculture was key to lifting millions of people from hunger and poverty in Africa as well as providing providing rural jobs for the continent's growing population.
In anther development and in a bid to increase aquaculture production in Africa, the African Development Bank through its Technologies for African Agricultural Transformation (TAAT) programme intends to raise yield by five million tonnes by 2025.
The projection was disclosed by the TAAT Programme Coordinator Dr. Chrysantus Akem at a workshop organised for focal countries under the TAAT programme in Abuja.
He said the programme which is an initiative of the AfDB under the Feed Africa is targeted at increasing inland water fish to enable Africa become self-sufficient in fish production.
According to Akem, AfDB initiated the programme with 120 million dollars hoping to use it as start-up money to tap into 700 million dollars that the World Bank has made available in its African Agricultural Transformation Programme.
“This is a 10-year-programme which started in 2015 and will end in 2025,’’ he said.
Meanwhile, the Director of Fisheries, Federal Ministry of Agriculture and Rural Development, Alhaji Muazu Mohammed, said that the country’s annual national demand for fish stood at 3.5 million tonnes.
He further stressed that the country’s total production was 1.1 million tonnes with a deficit of 2.4 million tonnes.
The workshop had in attendance fish stakeholders from Ghana, Cameroon, Benin Republic and Nigeria.
