Skip to content
October 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • AfDB targets wheat importation cut in Nigeria by 40% by 2023
  • Business & Economy

AfDB targets wheat importation cut in Nigeria by 40% by 2023

Admin May 27, 2022
Africa

AfDB

May 27, 2022

The African Development Bank (AfDB) says the heat-tolerant wheat production, being supported by the Bank in Nigeria, will help reduce importation of the product by 40 per cent by 2023.

Ms. Beth Dunford, AfDB’s Vice President, Agriculture, Human and Social Development, said this in an interview with the News Agency of Nigeria (NAN) at the sideline of the Bank’s 2022 Annual meetings in Accra, Ghana.

Dunford said the support would come under the Bank’s 1.5 billion dollars Africa Emergency Food Production Facility.

She said that the heat-tolerant wheat technology would have huge impact on food and help farmers to scale up production.

According to her, the technology is currently being deployed in Nigeria and it’s being cultivated on 87,000 hectares and in this season, we can go up to 250,000 hectares.

She said that the Bank was currently working to know how much of the money would be allocated to each country, noting that every country on the continent was eligible for the fund.

Dunford said the intervention targeted at smallholder farmers would help them accelerate their production.

“This is the basis of the 1.5 billion dollars Africa Emergency Food Production Facility that was just approved by the Board.

“This facility will be supporting African government to reach 20 million farmers with improved technologies like the heat tolerant wheat to produce 38 million tonnes of food on the continent.

“We will do this in an emergency way to scale up production to mitigate crisis in a way that will provide the foundation for agricultural transformation, to drive economies and sustain livelihoods in Africa and Nigeria.

“Every country is eligible but we are working on that now but again, building on the work that is already on-going in Nigeria to scale up quickly.

“The technologies will be adapted to local conditions needed in each context like in flood, heat.

“There are also technologies that we can working on to deploy which are needed in Nigeria which you know is very diverse with different climates.

“We will be working across different crops, technologies across the country in different states,’’ she said.

Dunford said that two-third of the people in Africa depended on agriculture for their livelihood.

She said that the challenges in the sector caused by climate change and the Russian-Ukraine conflicts were connected to the high poverty level currently on the continent.

“Absolutely, given that two-third of the people in Africa depend on agriculture for their livelihood.

“It is not just the farmers but those within the food system, it could be the processors, transporters, aggregators.

“The whole agriculture economy fuels the livelihood of the economy in the continent so if this sector is suffering, everybody suffers.

“There is a big connection to poverty but the growth of the agricultural sector is on track with the launch of many agricultural transformation projects in the continent by the Bank,’’ she said.

The vice president appealed to the government of the country to support the bank by using the electronic wallet (e-wallet) systems to make sure that the intervention reached smallholder farmers in the rural areas. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: African Development Bank Group (AfDB) ewallet Ms Beth Dunford

Post navigation

Previous WHO Asks Countries to Increase Surveillance for Monkeypox
Next Jonathan recommends removal of Section 84 of Electoral Act

Related Stories

Nigeria’s Dangote buys 25% stake in Kenya’s oil pipeline network
  • Business & Economy

Nigeria’s Dangote buys 25% stake in Kenya’s oil pipeline network

October 21, 2026
Dear Consumer, You May Be Part of the Problem, by Libby Offem-Oke
  • Business & Economy

Dear Consumer, You May Be Part of the Problem, by Libby Offem-Oke

October 21, 2026
  • Business & Economy

October 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police chief arraigns 4 alleged militia members for allegedly killing traditional ruler, 5 others in Imo FG vs ASUU
  • National News

Police chief arraigns 4 alleged militia members for allegedly killing traditional ruler, 5 others in Imo

October 21, 2026
Senate rejects NMDPRA’s PMS import records, summons agencies heads The Authority
  • National News

Senate rejects NMDPRA’s PMS import records, summons agencies heads

October 21, 2026
80m Nigerian children exposed to lead poisoning – FG
  • National News

80m Nigerian children exposed to lead poisoning – FG

October 21, 2026
 Schoolgirls Hospitalised Over Alleged Gas Emissions Across Ogun Communities outbreak
  • National News

 Schoolgirls Hospitalised Over Alleged Gas Emissions Across Ogun Communities

October 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.