‘African Bank Votes N187b For Agro Processing Zone In Nasarawa’

By Solomon Attah, Lafia
The African Development Bank (AfDB) has earmarked $500 million (about N187 billion) as loan for the establishment of agro processing zones in some states, including Nasarawa state, the governor, Abdullahi Sule, has said.
Elanza News reports that Nasarawa has been identified as one of the six states selected by the African Development Bank (AfDB), for the establishment of agro industrial zone.
But governor Sule, while speaking at the 2019 Bankers Committee dinner and award night, which held in Lafia, on Saturday, said the officials of the bank have confirmed that Nasarawa is among the six states selected to benefit from the project.
The Governor appealed to banks in the state to partner with the state government to make the dream a reality adding that the coming of the agro processing zone will create lots of Small and Medium Enterprises (SMEs).
He said subsequently, major big players will be part of the agro industrial zone.
The AfDB recently said it has earmarked $500 million as loan for the development of agro-industrial zones across various the states.
The projects is called, the Special Agro Industrial Process and the officials of the bank said it will be similar to the free trade zone, where thousands of direct and indirect jobs will be created for Nigerians across the country.
This is coming on the heels of recent achievement recorded by the Abdullahi Duke’s administration in the area of agriculture.
Particularly, the Dangote Group of company is already working in Tunga, Doma and Nasarawa Local Government areas with Azman Farm and Rice Mill having completed all arrangement to cultivate 14, 000 hectares of land for rice production in Toto Local Government Area.
“But just a few days ago, we also received the Flour Mills of Nigeria, who are also going to establish their own 20, 000 hectares of land around Umuasha that they will be establishing cassava and sugar plantations,” Abdullahi said of the willingness of various investors to invest in Nasarawa state.
Abdullahi, however, said all the proposed investments won’t be possible without the support of the banks.
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