Vice-President Kashim Shettima says Nigeria has mobilised over $500 million in innovative, profitable, equitable and sustainable food system transformation initiatives.
Also, the performance of the bank’s public sector portfolio in Nigeria has been satisfactory.
“Africa needs to establish itself as an equal player, both regionally and globally.
The Nigerian Fintech giant is nominated alongside other fintech companies from South Africa and Uganda for the Fintech of the year award.
In a statement issued on African Development Bank’s (AfDB) website, the global support came barely two months after the programme’s inauguration.
The head of the AfDB encouraged African leaders to work together to realise the agricultural potential of the continent and turn it into a major source of bread for the world.
The bank said it was important for Africa to hasten the free trade of goods and services within the continent.
In the release seen by Peoples Gazette, the funding will cover two years between the 2023 to 2025 financing cycle.
Egypt and Nigeria “are among the top 10 remittance recipients globally,” with Egypt receiving $31.5 billion and Nigeria $19.2 billion in 2021.
Africa has been losing five to 15 per cent of its Gross Domestic Product (GDP) per capita growth to climate change and its related impacts.
