Industrialization: Imo Benefits As AfDB Mobilizes $540m For Special Agro-Industrial Processing Zones

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By Princely Onyenwe, Abuja

Following the partnership with Nigerian Government for the pilot phase of the Special Agro-Industrial Processing Zones to be located in Imo State and other six States, the African Development Bank (AfDB) mobilizes $540m for the project.

Speaking after his meeting with President Muhammadu Buhari at State House Abuja today, Dr. Akinwumi Adesina, the President of the Bank disclosed that:

“The African Development Bank has approved a total of $210 million while the Islamic Development Bank and the International Fund for Agricultural Development (IFAD) have approved $170 million and $160 million respectively, towards the program.”

Recall that early this year, Governor Hope Uzodinma participated, as a focal Governor, in the signing of partnership deed with the Bank for the program.

The program which aims to combat the rising global food insecurity, would greatly position Imo State in the circuit of economies proffering solutions to the food crisis, while creating employment opportunities for Ndi Imo.

9News Nigeria (Owerri) For inquiries on this news contact 9News Nigeria Imo State @08036856526

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About Princely Onyenwe 1325 Articles
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng

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