AfDB plans $1 billion financing for second phase Agro-Industrial program in 28 states.

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, said the bank had set financing plans of $1 billion for the second phase of its Special Agro-Industrial Processing Zones (SAPZ) program, which would cover the remaining 28 states in Nigeria.

Adesina made this known on Saturday during the inauguration of a soybean plant and refinery by the Called Servant to Service (CSS) Global Integrated Farms in Gora, Karu Local Government Area of Nasarawa State.

While inaugurating the factory, which has a capacity to produce 10,000 liters of soybean oil per day, he described the ultra-modern refinery as a major milestone in Nigeria’s agricultural sector.

Source: NAIRAMETRICS