Africa Business Radio

The African Development Bank says it will lend Nigeria $210 million to support smallholder farmers producing strategic crops and livestock. AfDB says the funding is the first loan under an AfDB programme designed to reduce logistics costs. The programme is targeting seven states in Nigeria initially before being extended to 17 other African nations. The bank says the project will support Nigeria’s efforts to raise agricultural productivity, promote investment, create wealth and jobs and transform rural areas into corridors of economic prosperity.