AfDB Pumps N8.6TRN Into Agriculture To Drive Hunger Out
The African Development Bank, AfDB is bullish with its “Operation Eliminate Hunger In Africa”.
In fact, the development lender has proved beyond words that it is putting its money where its mouth is.
This time around, the bank said it will be investing $24 billion, about 8.6 trillion naira in the African agriculture sector over the next 10 years.
Its goal is to lift one billion people out of hunger.
AfDB President, Akinwumi Adesina disclosed this on Wednesday at an agriculture conference at Purdue University, Indianapolis, US.
Adesina challenged global partners to join hands to lift one billion people worldwide out of hunger.
The report, which was released to the News Agency of Nigeria, NAN in Abuja, described the fund as the largest of such effort ever.
The bank’s president stressed that all must come together to fight the war.
He noted that the recent UN agencies’ World Food Security and Nutrition statistics showed a decline in the global population living on less than two dollars per day.
Adesina, however, said that the statistics, in reality, showed that the number of hungry people in the world had increased from 777 million in 2015 to 815 million in 2016.