President Muhammadu Buhari on Tuesday received the President of the African Development Bank, Dr Akinwumi Adesina at the State House in Abuja.
Their talks centred on food security for Nigeria.
President Buhari applauded the $1.5 billion African Emergency Food plan developed by the AfDB, which is awaiting ratification by its board.
The plan was developed to forestall food crisis in Africa owing to the Russia-Ukraine crisis. According to the President, “We are very much aware of the need for food security, and to encourage our local farmers, that was why we closed our borders for about two years to curb smuggling. We made some progress.”
The AfDB boss also informed the President of the bank’s prediction that Africa will lose $11 billion worth of owing to a fertiliser crisis expected to diminish food production by about 20 percent.
The African Development Bank Group (AfDB) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMCs).
Credit: channelstv.com
