AfDB approves $210m loan for Nigeria

Nigeria has got an approval of $210 million from African Development Bank to boost the agricultural sector.

According to AfDB, the loan will co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Programme. The programme will help to unlock Nigeria’s agriculture sector potential. It will promote industrialisation through the development of strategic crops and livestock.

The loan consists of an AfDB loan of $160 million and an Africa Growing Together Fund loan of $50 million.

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