News Investigators/ The Nigerian Government has solicited the support of the African Development Bank (AfDB) in the funding of the phase two of the Special Agro-Industrial Processing Zones (SAPZ).
Vice President, Kashim Shettima, made the request during a bilateral meeting with AfDB’s President, Dr Sidi Ould Tah, on the sidelines of the 80th Session of the United Nations General Assembly (UNGA), in New York.
The News Agency of Nigeria (NAN) reports that SAPZ Phase two is expected to scale up climate-resilient infrastructure and inclusive agro-industrial growth across additional 24 states.
It will expand from the initial eight states and the Federal Capital Territory (FCT) to diversify Nigeria’s mono-product economy to value added agricultural export.
The vice-president averred that Nigeria was the largest shareholder in AfDB, while the country’s portfolio hovers in the neighbourhood of over $10 billion.
“We urge you to further support us in the phase 2 Special Agro-Industrial Processing Zones (SAPZ). You assisted us with $300 million when you were in Liberia.
” We want to thank you but, like Oliver Twist, we are asking for more because we are poised to diversify our mono-product economy into agriculture, especially value added agricultural export.
“And we have the potential, with all due respect, your Excellency, in all the agro-ecological zones in Nigeria.
” From the mangrove swaps forest in the South to the Sahelian region in the far North, you can virtually grow anything.
” In states like Kebbi, you can plant money and if money can grow, it shows that the soil is fertile,” he stated.
Seeking AfDB’d support for SAPZ, the second phase of Nigeria’s green legacy initiative, Shettima pointed to the relationship between the economy and ecology in the sahel region.
“We are from the same part of the world, essentially same terrain, same geography and same challenges, especially challenges of armed banditry and extremism.
” So, we want to solicit your support; our doors are ever open, ” he added.
Shettima asserted that Nigeria was hungry for development because the Nigerian youths were eager to be co-opted into the workforce of the 21st century.
He assured that young Nigerians have the entrepreneurial zeal and passion enough to be captured in the workforce of the 21st century.
The vice-president implored the AfDB chief to also look into the issue of the bank’s support for innovation-driven enterprises, instead of only MSMEs.
Mr Shettima said that the digital space offered a vista of opportunity for Africa’s development.
“And we can catalyse and accelerate the digital space in Africa for Nigeria, and we can have deep tech enterprises to come out of Africa.
”Of the eight unicorns in Africa, five are from Nigeria – Moniepoint, Jummia, and the rest. We want to once again reiterate that we are with you, we are for you, and we will stand by you,” he said.
Responding, AfDB’s boss, assured that under his leadership, he would waste no effort in making the bank provide Nigeria with the support it deserves in terms of developing its human capital.
” My vision for the bank is not a lending institution, it a catalyst institution with which to mobilise resources, capital from all over the world to bring.
” I hope we can really bring capital to the continent to make transformation of our continent and bring value to agricultural sector.
” This is why my four cardinal points are mobilise large-scale capital through partnerships, reforming Africa’s financial architecture, converting the continent’s demographic dividend into economic strength for job creation.
” These points form my roadmap to guide the bank’s strategy and accelerate Africa’s development and I’m confident that with your support the bank will be able to bring transformation to the continent, ” the AfDB president said.
Earlier, Mr Shettima held a bilateral meeting with the Prime Minister of St. Kitts and Nevis, Dr Terrance Drew, with both leaders recommitting to strengthening economic and cultural ties.
He assured Drew that President Bola Tinubu was determined to rekindle friendship and brotherhood between both nations.
He said: “Going forward, we should have a robust engagement and understanding. We should stand by each other. We should stand for one another.
” We should stand on each other’s interest.
“For St. Kitts and Nevis, and Nigeria, what binds us together supersedes whatever that divides us.
” Majority of the population of the Caribbean are of the African descent. Chunk of them are English-speaking countries. Quite a large of them belong to Commonwealth.
” So, the commonalities we share are so high but contact has been low, relative to what it ought to be.
“So, your Excellency, I want to assure you that my boss is very kin in rekindling that friendship, that sense of brotherhood and sisterhood, and see to it that going forward, we should have a robust engagement and understanding.”
Shettima further recalled that Tinubu was in Saint Lucia earlier in the year as part of his broader package of reaching out to the Caribbean-Africans in diaspora.
“The president had also established contact with our brothers in Brazil. The largest African population in the world outside of Nigeria is found in Brazil, ” the vice-president said.
On his part, Drew, who decried the low-level of trade and contact between Caribbean countries and Africa, expressed the country’s readiness to work closely with the Nigerian Government to boost trade on the African continent.
NAN
