• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Agriculture

AfDB to reduce wheat importation in Nigeria by 40% in 2023

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
May 28, 2022
in Agriculture
CBN disburses N5.7 billion to 10,000 farmers in Bauchi to encourage wheat farming
Share on FacebookShare on TwitterShare on Linkedin

The African Development Bank (AfDB) says the heat-tolerant wheat production technology being supported by the Bank in Nigeria, will help boost wheat production.

Ms Beth Dunford, AfDB’s Vice President, Agriculture, Human and Social Development, said this in an interview at the Bank’s 2022 Annual meetings in Accra, Ghana, according to the News Agency of Nigeria.

The AfDB stated that the goal would be to reduce the importation of the product by 40% by 2023. Dunford added that the support would come under the Bank’s $1.5 billion Africa Emergency Food Production Facility.

RelatedStories

African Development Bank (AfDB)

AfDB approves $25 million to boost local currency hedging in Africa  

September 18, 2025

AfDB mobilizes $2.2billion with partners to expand agro-industrial zones in 24 Nigerian states 

August 7, 2025

What AfDB is saying

According to Dunford, the technology is presently being used in Nigeria, where it is being cultivated on 87,000 hectares, with the potential to expand to 250,000 hectares this season.

She stated that the Bank was now trying to determine how much of the money will be awarded to each country, emphasizing that the fund was open to all countries on the continent.

Dunford stated that the assistance aimed at smallholder farmers would help them increase production.

She said, “This is the basis of the 1.5 billion dollars Africa Emergency Food Production Facility that was just approved by the Board. This facility will be supporting the African government to reach 20 million farmers with improved technologies like the heat-tolerant wheat to produce 38 million tonnes of food on the continent.”

She added “We will do this in an emergency way to scale up production to mitigate crisis in a way that will provide the foundation for agricultural transformation, to drive economies and sustain livelihoods in Africa and Nigeria. Every country is eligible but we are working on that now but again, building on the work that is already on-going in Nigeria to scale up quickly.”

She stated that heat-tolerant wheat technology would have a significant influence on food and assist farmers in increasing production.

“The technologies will be adapted to local conditions needed in each context like in flood, heat. There are also technologies that we can work on to deploy which are needed in Nigeria which you know is very diverse with different climates.”

”We will be working across different crops, technologies across the country in different states,’’ she added.

According to Dunford, agriculture provided a living for two-thirds of Africans. She stated that the issues in the industry created by climate change and the Russian-Ukraine conflicts were linked to the continent’s existing high poverty level.

“Absolutely, given that two-third of the people in Africa depend on agriculture for their livelihood. It is not just the farmers but those within the food system, it could be the processors, transporters, and aggregators. The whole agriculture economy fuels the livelihood of the economy in the continent so if this sector is suffering, everybody suffers.”

“There is a big connection to poverty but the growth of the agricultural sector is on track with the launch of many agricultural transformation projects in the continent by the Bank,’’ she added.

In case you missed it

  • The African Development Bank has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. The fund is expected to help avoid a looming food crisis exacerbated by the war between Russia and Ukraine.
  • The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, says that the financial institution would lend $500 million to women in 2022. He added that the Bank would also raise $5 billion for women businesses in Africa

Follow us for Breaking News and Market Intelligence.
Tags: AfDB
Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

Related Posts

African Development Bank (AfDB)
Economy

AfDB approves $25 million to boost local currency hedging in Africa  

September 18, 2025
Agriculture

AfDB mobilizes $2.2billion with partners to expand agro-industrial zones in 24 Nigerian states 

August 7, 2025
AfDB, AI
Companies

Abia Govt secures $263.8 million from AfDB, IsDB for road, erosion, and waste management projects 

July 16, 2025
Wale Edun pushes finance ministry directors to deliver 7% GDP growth 
Economy

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
AfDB, AI
Economy

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments 

May 29, 2025
African Development Bank (AfDB)
Economy

AfDB projects $39.84 billion decline in foreign funding to Africa by 2025 amid aid cuts 

May 29, 2025
Next Post
FG to introduce e-procurement system to ease contract documentation

FG to introduce e-procurement system to ease contract documentation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Best performing Nigerian stocks for the week ended October 31, 2025 
  • Bundle launches Nigeria’s first Loyalty Rewards Festival to redefine customer appreciation  
  • Top 10 busiest airports in Africa by outbound seats in October 2025 

Follow us on social media:

Recent News

NGX

Best performing Nigerian stocks for the week ended October 31, 2025 

November 2, 2025
Bundle launches Nigeria’s first Loyalty Rewards Festival to redefine customer appreciation  

Bundle launches Nigeria’s first Loyalty Rewards Festival to redefine customer appreciation  

November 2, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics