AfDB’s Approves $1.1 billion for Nigeria, Others

The African Development Bank (AfDB) has approved the sum of $1.1 billion for Nigeria, South Sudan, Kenya, Ethiopia and Somaliato fight climate change. This fund, the organisation believes will help all concerned countries build medium and long-term resilience to climate change challenges such as famine and drought.

Nigerian, Dr. Akinwumi Adesina, the President of AfDB, revealed this at the Feed Nigeria Summit in Lagos.

He said “Over 4.5 million people in the northern part of the country suffer from risks of severe malnutrition due to droughts. Lake Chad is rapidly shrinking.

“That’s why I applaud and fully support President Muhammad’s Buhari’s leadership and efforts on rehabilitation of the Lake Chad basin…

“Africa has no business importing food. Africa should be a net exporter of food.

“Agriculture in Africa must move away from being treated as a social sector for managing poverty to a business of creating wealth.”