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    MarketForces Africa » MarketForces News » Kogi Targets AfDB’s Multi-Billion-Dollar Food Security Project

    Kogi Targets AfDB’s Multi-Billion-Dollar Food Security Project

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiFebruary 3, 2025 News No Comments2 Mins Read
    Kogi Targets AfDB’s Multi-Billion-Dollar Food Security Project
    Ahmed Usman Ododo, Kogi State Governor
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    Kogi Targets AfDB’s Multi-Billion-Dollar Food Security Project

    Kogi Government has announced that it is in advanced discussions with the African Development Bank (AfDB) to secure a multi-billion-dollar project aimed at enhancing food production and security in the state.

    The Commissioner for Agriculture, Mr Timothy Ojomah, said this in an interview with the Newsmen on Monday in Lokoja. Ojomah said the government is strategically ensuring smooth negotiations to secure the project and boost agricultural productivity across all 21 local government areas.

    “This is why we are engaging with the President of AfDB, who has assured us. We are looking at what we can secure and are optimistic that we will qualify.

    “We are talking about a multi-billion-dollar project that will be established in Kogi for the benefit of our teeming farmers.

    “The AfDB president has assured us. It’s all about the value chain because in most of our agricultural activities, we ensure we maximise the entire value chain. If not, we won’t gain much,” he said.

    The commissioner expressed regret over the negative impact of drought in 2024, which he admitted affected the state’s expected agricultural productivity.

    He said farmers struggled with weeks of drought between August and September, followed by an early end to rainfall in the first week of November.

    “But thanks be to God that in spite of these challenges, Kogi recorded a boost in food production and security in 2024, given the government’s commitment and support to farmers through various incentives”.

    Ojomah expressed optimistic that talks with the AfDB, World Bank, and Chinese firms would drive large-scale food production in the state this year.

    He, however, commended Gov. Ahmed Ododo for his prompt response to the ministry’s requests in supporting farmers in their efforts and commitment to agriculture. #Kogi Targets AfDB’s Multi-Billion-Dollar Food Security Project#

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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