New York: The Nigerian Government has solicited the support of the African Development Bank (AfDB) in funding the second phase of the Special Agro-Industrial Processing Zones (SAPZ).
Vice-President Kashim Shettima requested 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.
SAPZ Phase Two is expected to scale up climate-resilient infrastructure and inclusive agro-industrial growth across an additional 24 states.
It will expand from the initial eight states and the Federal Capital Territory (FCT) to diversify Nigeria’s mono-product economy into a value-added agricultural export.
The Vice President averred that Nigeria was the largest shareholder in the AfDB, with a portfolio of approximately $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, primarily 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 swamps 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’s support for SAPZ, the second phase of Nigeria’s Green Legacy Initiative, Shettima highlighted the relationship between the economy and ecology in the Sahel region.
“We are from the same part of the world, essentially the same terrain, the same geography and the 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 integrated into the 21st-century workforce.
He assured that young Nigerians possess the entrepreneurial zeal and passion necessary to be part of the workforce of the 21st century.
The vice-president implored the AfDB chief to also examine the issue of the bank’s support for innovation-driven enterprises, in addition to MSMEs.
Shettima stated that the digital space presented a vista of opportunities 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 reiterate once again that we are with you, we are for you, and we will stand by you,” he said.
Responding, the AfDB’s boss assured that under his leadership, he would spare no effort in ensuring the bank provides Nigeria with the support it deserves in terms of developing its human capital.
” My vision for the bank is not a lending institution, it is 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 a transformation of our continent and bring value to the agricultural sector.
” This is why my four cardinal points are mobilising large-scale capital through partnerships, reforming Africa’s financial architecture, and 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, 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 the friendship and brotherhood between the two nations.
He said, “In the future, 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 interests. For St. Kitts and Nevis, and Nigeria, what binds us together supersedes whatever divides us.
“The majority of the population of the Caribbean is of African descent. A chunk of them are English-speaking countries. A considerable number of them belong to the 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 keen on 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 had visited Saint Lucia earlier in the year as part of his broader outreach to Caribbean Africans in the 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.
