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Nigeria gains AfDB support to expand agro-industrial zones to 24 states, boosting exports and economic diversification.
Nigeria has secured African Development Bank backing to expand its Special Agro-Industrial Processing Zones from eight states and the Federal Capital Territory to 24 states, aiming to boost value-added agricultural exports and diversify the economy.
Announced during the 80th UN General Assembly, the move supports climate-resilient farming across diverse agro-ecological zones.
Vice President Kashim Shettima highlighted Nigeria’s role as the AfDB’s largest shareholder and urged expanded funding for digital innovation alongside small and medium enterprises.
AfDB President Dr. Sidi Ould Tah reaffirmed the bank’s commitment to industrialization, job creation, and financial reform across Africa.
Nigeria also requested support for environmental projects like the Great Green Wall and clean cooking initiatives.
Nigeria gana el apoyo del BAD para expandir las zonas agroindustriales a 24 estados, impulsando las exportaciones y la diversificación económica.