AFDB Plans Africa’s Largest Agric Processing Zone In Ogun

Africa’s Largest Agric Processing Zone In Ogun

African Development Bank (AFDB) is to establish Africa’s largest agriculture processing zone in Ogun state.

Governor Dapo Abiodun announces this at the launch of the state’s edition of anchor borrower scheme of the Central Bank of Nigeria (CBN) in Abeokuta, Ogun state capital.

According to RockcityFM’s reporter who covered the event, Governor Abiodun says the proposed mega agricultural processing zone project is a fall out from several meetings between him and his top aides, with officials of the pan-African bank in Abeokuta within the last two and half months.

On the anchor borrower programme, the Ogun State Governor says 2,000 beneficiaries have been shortlisted, and will soon be issued with their certificates of acceptance.

Each of the beneficiaries stressed the governor, will get one hectare of land free of charge and the land would be  also cleared by the government.

The beneficiaries of the programme will also get free seedlings, fertilizer as well as extension service, the Governor told RockcityFM, one of the leading independent radio stations in Nigeria.

In addition, each of them will also receive upkeep allowance until the harvest of their produce, which will be purchased from them by the state government.

Meanwhile, Central Bank of Nigeria (CBN) has expressed concerns over the failure of the immediate past Governor Ibikunle Amosun-led administration to take advantage of the anchor borrowers’ programme.

The apex bank’s head of developing finance, Dr. Oluyemi Olukoya, says only 5,249 farmers were mobilized by the Amosun administration for the programme between 2017 and 2018 as against Kebbi state which mobilized 20,000 farmers.

Kebbi state is one of the 19 states in the northern part of the country.


READ MORE >> Ogun Schools Face Teachers Shortage


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