Nigeria to set up Special Agro-Industrial Processing Zones across the country

The Federal Government and the African Development Bank AfDB have commenced the setting up of Special Agro-Industrial Processing Zones (SAPZs) as a major strategy in the economic diversification program of the current administration and repositioning for sustainable economic growth and development.

The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono disclosed this on Monday while declaring open, the Inception Workshop of the SAPZs in Abuja, marking the take-off of the project inn the 6 (six) geopolitical zones of the country.

Nanono stated that the SAPZs aims at helping to develop competitive processing capacity through the promotion of private sector investment, enabled by investing in public goods, policy interventions and the provision of desirable support services and skills development.

The minister noted that SAPZs will boost value addition to agriculture, improve competitiveness and in effect, reduce food imports, assure food security, create jobs for teeming Nigerian Youth and in turn grow the nation’s economy by generating revenue.

Nanono said that this plan is to develop the SAPZs within a period of three (3) years across the country in areas where core economic value can be unleashed for the benefit of the rural population. The Minister noted that agricultural mechanization will be the main vehicle for strategically implementing the SAPZs program on an intense scale.

The Senior Special Adviser on Industrialization, AfDB, Professor Oyebanji Oyeyinka in his presentation, said the SAPZs would enhance productivity, reduce post-harvest losses, reduce the cost of operation, and increase value addition.

The SAPZs which are to be built around Brownfields -area with developed and existing infrastructure such as rails, roads, power and irrigation systems, is being developed with the support and collaboration of the African Development Bank (AfDB) and financiers like International Finance Corporation (IFC) and the African Export -Import Bank (AFREXIMBANK).

The core implementing agencies includes the Nigerian Agricultural Insurance Corporation, the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), the Bank of Industry, and Bank of Agriculture among others broke into 4 cluster groups to appraise critical commodities in the value chain and proffer the way forward.

To ensure the immediate take-off of the project, the Minister will on a later date inaugurate a SAPZ technical team that will drive the process.

Source: Nigerian Tribune

https://tribuneonlineng.com/