{"id":183100,"date":"2022-04-26T14:40:15","date_gmt":"2022-04-26T13:40:15","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=183100"},"modified":"2022-04-26T14:40:15","modified_gmt":"2022-04-26T13:40:15","slug":"afdb-over-10bn-food-production-at-risk-in-nigeria","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/04\/26\/afdb-over-10bn-food-production-at-risk-in-nigeria\/","title":{"rendered":"AfDB: Over $10bn food production at risk in Nigeria"},"content":{"rendered":"<p>Dr Akinwumi Adesina, the President of African Development Bank Group has disclosed that\u00a0a fertiliser crisis triggered by the Russian war in Ukraine could put more than $10bn worth of food production at risk in Africa.<\/p>\n<p>This was disclosed by the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/02\/adesina-reveals-why-uae-may-be-considered-for-membership-of-afdb\/\">AfDB<\/a> president\u00a0during a three-day official visit to Washington DC, which included several bilateral engagements with stakeholders on African development.<\/p>\n<p>This was contained in a press statement published on Monday on AfDB\u2019s website.<\/p>\n<p>\u201cA fertilizer crisis borne out of the Russian war in Ukraine could put more than $10bn of food production at risk,\u201d Adesina was quoted as saying in the statement<\/p>\n<p>According to the AfDB president, the bank is focused on boosting massive food production to combat the looming global food crisis in Africa due to the war in Ukraine.<\/p>\n<p>The statement further read in part, \u201cMeeting with the African Union\u2019s Group of 15 Finance Ministers, Adesina outlined the continent\u2019s immediate challenges and the solutions that were being applied to tackle them successfully. Top of Adesina\u2019s list was a plan for massive food production in the face of a looming global food crisis caused by the Russian war in Ukraine, and the need for a more flexible and substantial replenishment of the African Development Fund.<\/p>\n<p>\u201cThe ministers agreed to a joint communique on financing Africa\u2019s economic resilience in turbulent times. They called for a substantial replenishment of the African Development Fund and for the Fund to be allowed to use its equity to leverage more resources from international capital markets to meet the rapidly growing needs of countries in Africa.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr Akinwumi Adesina, the President of African Development Bank Group has disclosed that\u00a0a fertiliser crisis triggered by the Russian war in Ukraine could put more than $10bn worth of food production at risk in Africa. This was disclosed by the AfDB president\u00a0during a three-day official visit to Washington DC, which included several bilateral engagements with [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":4582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[15485,780,36198,31016],"class_list":["post-183100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-africa-development-bank-afdb","tag-akinwumi-adesina","tag-fertilizer","tag-russia-ukraine-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AfDB: Over $10bn food production at risk in 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