The African Development Bank (AfDB) is providing support to Nigeria for the development of strategic crops and livestock. Thus, the Board of Directors of the AfDB Group approved, Monday in Abidjan, a loan of 210 million US dollars in favor of Nigeria for the implementation of phase 1 of the Special Agro-Food Processing Zone Programme.

The program will help unlock the potential of the Nigerian agricultural sector by promoting industrialization through the development of strategic crops and livestock. Phase 1 of the project will target seven federal states of Nigeria as well as the federal capital Abuja. The project will support Nigeria's efforts to increase agricultural productivity, promote investment, create wealth and jobs, and transform rural areas into corridors of economic prosperity. The first phase will be implemented with co-financing from other partners for a total amount of $538.05 million.