AfDB launches $5.1 billion emergency plan to ease Africa’s energy, fertiliser crises

The African Development Bank (AfDB) has launched a $5.1 billion Global Energy and Fertilizer Crisis Response Framework (GEFCRF) to mitigate the energy and fertiliser crises bedevilling African countries and farmers.
The Middle East conflict, the AfDB said, triggered global inflation and rising food and fertiliser prices, commodities that many African countries heavily rely on imports to meet their needs.
“The Bank’s new Global Energy and Fertilizer Crisis Response Framework gives us a way to respond to the pressures African farmers are facing as the conflict in the Middle East disrupts global trade,” Martin Fregene, officer in charge vice president for the agriculture, human and social Development, said in a statement on Tuesday.
The Framework, approved on September 1, and scheduled to run for an initial period of one year will provide $4.1 billion in additional AfDB lending and $960 million from the African Development Fund, raising the Bank’s 2026 lending target to about $12.7 billion.
The GEFCRF seeks to stabilise macroeconomic conditions, secure critical food, energy and fertiliser supply systems, protect essential spending and vulnerable households and sustain reforms for medium to long-term resilience building.
“This framework is about listening and responding to the urgent needs of African countries, helping them protect households and vulnerable populations, keep food, fertilizer and energy systems functioning, and preserve hard-won development gains while building greater resilience for the future,” Abdul Kamara, acting vice president for country and regional operations said. “A crisis response must do more than cushion the shock. It must make countries stronger. That is exactly what this framework aims to achieve.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Economy
JICA urges Nigeria to adopt targeted policies to grow SMEs
Mr Ishigame said strengthening the SME ecosystem would create opportunities for entrepreneurs.

NationWide
Rainoil boss tasks marketers on accurate fuel measurement, customer satisfaction
Mr Ogbechie said that affordability and customer preferences had become increasingly important.

NationWide
FCSC invites shortlisted SGL 16 officers for directorate-level promotion interview
The Head of Press and Public Relations of the commission, Ibraheem Zakariyya, noted this in a statement on Wednesday in Abuja.

NationWide
Ogoni people will support Tinubu’s re-election for establishing varsity in Ogoniland: Wike
Mr Wike spoke on Wednesday during a Rainbow Coalition town hall meeting with residents of Tai Local Government Area.

States
Expert says female students facing school-related gender-based violence
The programme was facilitated by International IDEA, with funding from the European Union (EU).

NationWide
52-year-old man apprehended in Ghana over 37 parcels of suspected drugs
Ms Dzakpasu stated that intelligence indicated that the suspect allegedly feigned madness to conceal his suspected illicit activities.





