The Federal Government has secured an enhanced funding commitment from the African Development Bank (AfDB) to launch Phase 2 of the Special Agro-Industrial Processing Zones (SAPZ) project.
Vice President Kashim Shettima revealed this on his official X handle after a bilateral meeting with AfDB President Dr. Sidi Tah during the 80th UN General Assembly in New York.
The second phase will expand climate-resilient infrastructure and agro-industrial growth to 24 additional states, beyond the eight states and FCT covered in the first phase. Shettima urged AfDB to increase its support, noting Nigeria's status as the bank's largest shareholder with a portfolio exceeding $10 billion.
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Launched in 2022, the SAPZ initiative aims to diversify Nigeria's economy by boosting value-added agricultural exports, attracting private sector investments, and creating jobs for youths and women.
Phase 1, backed by a $300 million AfDB facility, established agro-industrial hubs that strengthened value chains, reduced post-harvest losses, and improved market access for smallholder farmers. Phase 2 is expected to deepen export diversification and position Nigeria in regional and global food supply chains.
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