The National Economic Council on Thursday announced plans to channel at least $1.52bn donor funds into 36 special agro-industrial processing zones across the nation, aiming to create over 18.1 million jobs, including 100,000 farmers nationwide.
The first phase, which now runs in Kano, Kaduna, Kwara, Ogun, Oyo, Imo, Cross River states as well as the Federal Capital Territory, will gulp over $520m and is set to conclude by 2028.
Twenty-six states have expressed interest in joining Phase II of the programme, where the $1bn funding from the AfDB and other partners will be channelled. The states will begin documentation for the second phase in early 2024.
Minister of Agriculture and Food Security, Abubakar Kyari, revealed this to State House Correspondents after the conclusion of the 137th National Economic Council meeting presided over by Vice-President Kashim Shettima at the Aso Rock Villa, Abuja, on Thursday.
Kyari said the funds were earlier pledges by the African Development Bank, Islamic Development Bank, and the International Fund for Agricultural Development, who voted $1bn to deliver SAPZs in 24 states at the Norman Borlaug International Dialogue, World Food Prize 202, in Des Moines, Iowa, USA, in late October.
This is aside from an initial $520m voted by the development partners for the same purpose.
“The Vice President who attended the World Food Prize in Des Moines, Iowa, met with the president of the African Development Bank. Dr Adesina has already pledged $1bn to the second phase,” said the minister.
He noted that his ministry made a presentation to the council outlining the collaborative program with the African Development Bank, the International Fund for Agricultural Development, the Islamic Development Bank, various state governments, and private investors.
He explained, “The seven states are Kano, Kaduna, Kwara, Ogun, Oyo, Imo, and Cross River, and like I said, with the FCT being the eighth partner in this programme.
“The quick wins here are that even in the stage of construction, you will have the opportunity for over 3,000 jobs.
“And at the end of the construction, opportunities will be for almost 500,000 jobs on each zone that is for each state and then also to support about 100,000 farmers.”
The minister described the SAPZs as a cross-cutting initiative and platform to attract private sector investment, add value to Nigeria’s agro-processing, and unlock opportunities for improved food security and job creation.
