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.”

Recent Posts

Photo News: Seven Nigerians Deported For Law Violations

The Department for Combating Illegal Migration in Libya has deported seven Nigerians, three Bangladeshis, and…

49 mins ago

Aregbesola’s Suspension: Why Osun APC Is Jittery

Some residents of Osun State have described the suspension of former Minister of Interior, Ogbeni…

2 hours ago

Presidency Spends N5.1billion To Purchase 26 Vehicles For State House In Three Weeks

Nigerian presidency under Bola Tinubu spent N5.1billion on buying cars between August 18 and September…

2 hours ago

Nigerians Have No Right To Access Tinubu’s Records – US

As Tinubu's Aide Rubbishes Claim Law enforcement agencies of the United States government have held…

3 hours ago

Family Accuses Police Of Shooting 21-Year-Old Son In Abuja

A 21-year-old man is receiving treatment in a hospital after allegedly being shot by police…

3 hours ago

EFCC Arrests Ex-NCDMB Boss Over Mult-Million Dollar Scam

The Economic and Financial Crimes Commission (EFCC) has arrested Timber Wabote, former Executive Secretary of…

4 hours ago

This website uses cookies.