The African Development Bank (AfDB) has announced plans to release $2.2 billion in funding to establish Special Agro-Industrial Processing Zones (SAPZ) across Nigeria.
The Special Agro-Industrial Processing Zones (SAPZ) is a major step towards enhancing agricultural productivity and address food insecurity.
According to Mr. Abdul Kamara, Director General of the AfDB Nigeria Office, the funds will be disbursed starting in 2025, with initial mobilization and activities in seven identified regions in the country, including the Federal Capital Territory (FCT), Cross River, Ogun, Oyo, Kaduna, Kano, and Kwara states
The Special Agro-Industrial Processing Zones (SAPZ) initiative will focus on developing agro-industrial hubs, aggregation centres, and value chain programs to boost food security and unlock economic opportunities for agro-businesses. This effort is expected to create jobs, enhance productivity, and position Nigeria as a leading in agro-industrial power house in Africa.
