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Hardship: AfDB grants Nigeria $134 million to cultivate rice, maize, others 

The African Development Bank (AfDB) provides Nigeria with $134 million in support for the cultivation of essential crops such as rice, maize, cassava, and soybeans, aiming to enhance food production. 

Dr. Akinwunmi Adesina, the bank’s president, announced on Saturday that $134 million is being allocated to support this initiative, following his visit to the Centre for Dryland Agriculture (CDA) at Bayero University, Kano. 

Adesina informed newsmen that the bank is set to back Nigeria in cultivating 300,000 hectares of both rice and maize, alongside 150,000 hectares of cassava and 50,000 hectares of soybeans for the planting season of 2024. 

Additionally, Adesina mentioned that the AfDB would offer grants to the CDA and work in collaboration with it to develop a center focused on weather pattern predictions and information collection, enabling farmers to plant more effectively. 

What you should know  

Nigeria currently grapples with an unprecedented food inflation which stands at 35.41% according to the Nigeria Bureau of Statistics.  

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