Why Nigeria Obtained $163m AfDB Loan – Shettima

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The Vice President, Kashim Shettima, on Sunday revealed that the Federal Government of Nigeria obtained 163 million dollars loan from the African Development Bank (AfDB).

He said, however, that the AfDB loan was obtained as part of efforts to boost wheat production in the country.

Shettima made this known at the palace of the Emir of Argungu, Alhaji Sumaila Mera, when he paid a condolence visit to the Emirate and family of late Sheikh Abubakar Giro.

He restated the determination of the Tinubu administration to fulfill all its promises to Nigerians, particularly in the agricultural sector, assuring that food security would receive serious attention from the government.

On the AfDB loan, he said, “We have obtained 163 million dollars loan from the African Development Bank to support wheat production. The scheme would be launched soon.

“We need 10,000 hectares of land in Kebbi State. But the scheme would be well executed in Jigawa State with a cultivation of 50,000 hectares of land to boost wheat production”, VP Shettima said.

In his remarks, the Emir of Argungu, Mera, prayed for the unity and progress of Nigeria.

The Emir thanked President Tinubu and Vice President Shettima for their support.

StreetReporters.ng

This post has already been read at least 111139 times!