Nigeria’s agricultural sector is set for a major boost as the African Development Bank (AfDB) and its partners mobilize $2.2 billion to expand Special Agro-Industrial Processing Zones (SAPZ) across 24 states. Outgoing AfDB President Akinwumi Adesina announced the funding at the 2025 Standard Chartered Africa Summit, highlighting its potential to revolutionize food security, create thousands of jobs, and boost value-chain development. The initiative will build on the first phase, which launched in eight states, including Ogun, Kano, and the FCT, and provide infrastructure to attract agro-industrial investment in rural communities. Adesina revealed that the AfDB has already mobilized $938 million from partners like the Islamic Development Bank to fund the project and transform rural farms into industrial hubs.
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