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AFDB: African Development Bank loans (Up To $210 million)/How To Apply

AFDB: African Development Bank loans 2022| African Development Bank loans registration portal is open, 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, If you are interested to apply read through the guideline.

A $210 million loan approved by the African Development Bank’s Board of Directors on Monday could impact the lives of millions of people in Africa’s most populous country. The loan will co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Program. The program will help to unlock Nigeria’s agriculture sector potential. It will promote industrialization through the development of strategic crops and livestock.

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The Director General of the Bank’s Nigeria Country Office, Lamin Barrow, said: “Phase 1 of the Nigeria Special Agro-Industrial Processing Zones Program will mobilize private sector investment in the agro-industrial hubs and agricultural transformation centers. It will impact some 1.5 million households as direct beneficiaries, with a target of creating 400,000 direct jobs and up to 1.6 million indirect jobs.”

This program will target at least 50% women participation. The gender action plan will help ensure that there’s facilitation of broader lending to women.”

Phase 1 of the project will target 7 states & FCT. The program is expected to promote industrialization through the development of strategic crops and livestock:

  • Cross River State – cocoa, rice and cassava
  • Federal Capital Territory – beef and dairy livestock
  • Imo State – beef and dairy livestock
  • Kaduna State – tomato, maize and ginger
  • Kano State – rice, tomato, groundnuts and sesame oil
  • Kwara State – livestock
  • Ogun State – cassava, rice, poultry and fisheries
  • Oyo State – cassava, soybean, rice

How to apply:

Interested applicants click and apply 

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