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EU-Africa Forum Ends As Nigeria Sees New Opportunities in Agriculture

Apr 28, 2021 02:41 PM
EU-Africa Forum Ends As Nigeria Sees New Opportunities in Agriculture News Express, Africa Business Radio, Business AM, Agriculture, European Union, Africa Business News

Nigeria and other countries in Africa offer enormous opportunities if they embark on green growth which is investing in climate-smart crops to build more resilient food systems, climate-resilient infrastructure, and energy transition. The African Development Bank in an optimistic note of enormous opportunities inherent in green growth in Africa’s recovery pathway from its first recession in 25 years, energy, agriculture, and infrastructure are key areas of investment potential for a post-Covid-19 recovery in Africa.AfDB President, Akinwumi Adesina says with abundant solar, wind, hydro, and geothermal energy resources, Africa’s energy transition alone presents a $100 billion per year investment opportunity. He says Agriculture potentially offers massive investments in climate-smart crops to build more resilient food systems and climate-resilient infrastructure offers investment potential of between $130 billion and $170 billion.

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