News

AfDB, IFAD, others to strengthen food security in Africa

The African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD) have expressed their commitment to work with African leaders to redouble efforts at strengthening food security in the continent.

This formed part of the decisions reached at a two-day virtual High-Level Dialogue on” Feeding Africa: Leadership to Scale-up Successful Innovations” hosted in Addis Ababa, Ethiopia, on Thursday.

The commitment was also made in partnership with the Forum for Agricultural Research in Africa (FARA) and the Consultative Group for International Agricultural Research (CGIAR) system organisation.

The international organisations pledged to make adequate funding available to modernise Africa’s food production.

President of AfDB, Dr Akinwumi Adesina, said getting new and appropriate technologies to African farmers was an important part of addressing Africa’s food security needs.

“Unless we show strong collective resolve and turn ambition into reality, we will be confronted with enormous food shortages on the continent.

“Rapid population growth, urbanisation and ongoing climate change will make this certain. The consequences of not acting would be devastating,” Adesina added.

IFAD President, Mr Gilbert Houngbo, called for more commitment to increased investment in agriculture for Africa to feed itself and the world.

“Agriculture has the potential to become a thriving and successful sector that creates jobs and provides livelihoods for small-scale farmers and rural populations, in particular, for millions of young Africans joining the job market.

“If we commit today to increase investments in modernising agriculture, providing skills, finance and better access to food value chains”, he said.

The high-level dialogue is focused on modernising food production, making African agriculture more business-oriented, and strengthening agriculture value chains.

It is expected to address the vital role of climate-smart technology and innovation as key drivers of high agricultural productivity and resilient food and nutrition systems.

The dialogue will also showcase success stories and enable leaders to discuss options to scale up initiatives, strengthen research and development capacity, as well as forge supportive alliances and partnerships across the food and nutrition ecosystems.

Another outlook for the dialogue is an opportunity to share achievements and lessons from across the continent and accelerate agricultural transformation, the organisers said.

The virtual event brought together government officials, heads of multilateral development banks, development partners, regional organisations, research institutions, business leaders, private sector operators, investment agencies, participants from academia, civil society organisations and experts globally.

Also at the virtual dialogue would be heads of state of 18 African countries; Agnès Kalibata, Special Envoy of the UN Secretary-General for the 2021 Food System Summit; and Tony Blair, Executive Chairman of the Institute for Global Change.

Other high-level delegates include the heads of the Food and Agriculture Organisation (FAO), the Islamic Development Bank Group (IsDB), Afreximbank, and the Arab Bank for Economic Development in Africa (BADEA), among others. (NAN)

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

Recent Posts

US authorities slam Air Peace boss, Onyema, with fresh fraud charges

The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…

2 years ago

Report: NUPRC has not approved $1.3bn Shell Renaissance deal

  Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…

2 years ago

There’s a plan to derail Tinubu’s petroleum industry revolution

Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…

2 years ago

NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised

  A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…

2 years ago

Fidelity Bank affirms commitment to data protection, strong corporate governance

  Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…

2 years ago

NGX rates Fidelity Bank highest on corporate governance

  Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…

2 years ago

This website uses cookies.