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FG obtains $163m AfFB loan to boost wheat production

Credible News by Credible News
September 11, 2023
in Agriculture, Banking, Development, News
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The Federal Government has obtained a $163 million loan from the African Development Bank to support wheat production in the country.

Vice President Kashim Shettima disclosed the loan package 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”, he said.

Mera who prayed for the unity and progress of Nigeria thanked President Tinubu and Vice President Shettima for their support.

Tags: Kashim ShettimaPresident Bola TinubuSumaila Mera
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