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Reading: FG Obtains $163m AfDB Loan To Boost Wheat Production
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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > FG Obtains $163m AfDB Loan To Boost Wheat Production
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FG Obtains $163m AfDB Loan To Boost Wheat Production

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Last updated: September 11, 2023 9:41 am
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3 years ago
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FG Obtains $163m AfDB Loan To Boost Wheat Production
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The Vice President, Kashim Shettima has disclosed that the Federal Government had obtained 163 million dollars loan from the African Development Bank to support wheat production in the country.

Shettima stated this at the palace of the Emir of Argungu, Alhaji Sumaila Mera, when he paid a condolence visit to the Emirate and family of late Sheikh Abubakar Giro.

He re-affirmed the determination of the Tinubu administration to fulfill all its promises to Nigerians, particularly in the agricultural sector.

The Vice President also assured that food security would receive serious attention from the government.

“We have obtained 163 million dollars loan from the African Development Bank to support wheat production. The scheme would be launched soon.

“We need 10,000 hectares of land in Kebbi State. But the scheme would be well executed in Jigawa State with a cultivation of 50,000 hectares of land to boost wheat production.”

In his remarks, the Emir of Argungu, Mera, who prayed for the unity and progress of Nigeria, thanked President Tinubu and Vice President Shettima for their support.

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TAGGED:AfDB (African Development Bank)Agricultural developmentAgricultureeconomic growthFederal Government (FG)FinancingFood securityLoan acquisitionNigeriaWheat production
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Previous Article FG Committed To Solving Housing Deficit, Says Minister Nigeria Requires N21trn To Bridge Housing Deficit – FG
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