Adesina says $540 million agriculture processing zones will unleash potential of food & agribusiness for Nigeria

Adesina says $540 million agriculture processing zones will unleash potential of food & agribusiness for Nigeria

According to the African Development Bank, $540 million in Special Agro-Industrial Processing Zones will unleash Nigeria’s and Africa’s food and agribusiness potential.

Akinwunmi Adesina, President of the African Development Bank, made the announcement on social media on Thursday.

Kano, Kaduna, Oyo, Ogun, Kwara, Imo, Cross River, and the Federal Capital Territory will be home to the Special Agro-Industrial Processing Zones.

Speaking about SAPZs, Adesina said, “This is the first phase of Special Agro-industrial Processing zones (SAPZs) in Nigeria. We are excited that many more states have now sent requests to join, just as we have from several African countries. SAPZs will unleash potential of food & agribusiness for Nigeria & Africa.

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Adesina says $540 million agriculture processing zones will unleash potential of food & agribusiness for Nigeria

Earlier this week, Adesina announced that the African Development Bank, alongside its partners, The International Fund for Agriculture Development and the Islamic Development Bank, mobilized $540 million for Special Agro-Industrial Processing Zones in 7 States (Kano, Kaduna, Oyo, Ogun, Kwara, Imo, Cross Rivers) & FCT.

What you should know about SAPZs

  • The Special Agro-Industrial Processing Zones (SAPZs) is an integrated development initiative aimed at concentrating agro-processing activities within areas of high agricultural potential to boost productivity and integrate the production, processing and marketing of selected commodities.
  • Last year, the Vice President of Nigeria, Yemi Osinbajo revealed that the rolling out of the Special-Agro Industrial Processing Zones (SAPZ) Programme is set to commence in Ogun, Oyo, Imo, Cross River, Kano, Kaduna, Kwara, and the FCT in its first phase.
  • Partnering with the African Development Bank (AfDB) and other stakeholders, the programme will concentrate on agro-processing activities in demarcated areas to boost productivity and integrate production, processing and marketing of selected commodities.
  • The first phase, set to kick off soon, will involve 7 states: Ogun, Oyo, Imo, Cross River, Kano, Kaduna, Kwara, and the FCT. However, down the line, 140 of such centres will be created across the country.



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