Business
AFDB Promise To Invest More On Cassava Production In Africa
AFDB Pledges N120m Investment For Cassava Production In Africa
The African Development Bank has promised to invest not less than 120 million naira between the next two and three years to boost cassava production and eight other commodities in Africa, Naijanews Understands.
The AFDB’s Director for Agriculture, Martin Fregene told participants at the at a conference on cassava, in Cotonou, Benin Republic, that transforming these commodities would help African nations to cut imports and redirect about 1.2 billion dollars into their domestic economies.
The bank’s investment in cassava comes at a time when African governments are scaling up efforts to end food imports and create wealth.
