President of the African Development Bank (AfDB), Akinwumi Adesina, says the bank is set to deliver climate-adapted, certified wheat and other staple crops seeds to 20 million farmers.
Adesina said this in a document released yesterday, titled: “Averting an African food crisis: The African food production facility.”
He explained that the initiative aims to tackle the food crisis in African countries including Nigeria, adding that the delivery of seeds and increased access to agricultural fertilizers would be done through the bank’s African emergency food production facility.
Adesina said within the next two years, the facility would allow farmers to produce 38 million additional tonnes of food, representing a 30% increment in local production worth about $12 billion.
He also said the facility will support enhanced governance and policy reforms, saying: “From the onset, the African Development Bank realised the strategic need to tackle the devastating impact of the war on Africa’s food security.”
He continued: “It is important to prevent unrest and even more human suffering. In May, the bank established a $1.5 billion African emergency food production facility.
“In less than 60 days, it put into action $1.13 billion worth of programmes under the facility across 24 African countries.
“Half a dozen more programmes are expected to get underway by September as more governments apply to the facility.
“Africa needs seeds in the ground and mechanical harvesters to harvest bountiful food produced locally. Africa will feed itself with pride because there is no dignity in begging for food.”
Africa needs seeds in the ground and mechanical harvesters to harvest bountiful food produced locally. Africa will feed itself with pride because there is no dignity in begging for food.
Price hikes
Adesina further said the African Emergency Food Production Facility benefited from stakeholder consultations.
He said the price of wheat had soared in Africa by more than 45% since the war in Ukraine began, noting that fertilizer prices had also risen by 300% while the continent faced a fertilizer shortage of two million metric tonnes.
He continued: “Many African countries have already seen price hikes in bread and other food items. If this deficit is not made up, food production in Africa will decline by at least 20 percent and the continent could lose more than $11 billion in food production value.
“The bank’s $1.5 billion strategy will lead to the production of 11 million tons of wheat, 18 million tons of maize, six million tons of rice and 2.5 million tons of soybeans.
“The bank will provide fertilizer to smallholder farmers across Africa over the next four farming seasons. This will be done using its convening influence with major fertilizer manufacturers, loan guarantees and other financial instruments.”
Adesina added that the bank would create a platform to advocate critical policy reforms to solve the structural issues that impede farmers from receiving modern inputs, including strengthening national institutions overseeing input markets.
He also said the facility had a structure for working with multilateral development partners, and will ensure rapid alignment and implementation, enhanced reach, and effective impact.
