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SAPZ-1, which is being implemented in Cross River, Imo, Ogun, Oyo, Kaduna, Kano, and Kwara states, targets “$1bn in new investment from private sector companies within the agro-processing hubs and agricultural transformation centres, as well as 500,000 jobs disaggregated by direct and indirect age group and gender”.

According to the document issued by the National Programme Coordinator for SAPZ, Dr Kabir Yusuf, the Federal Government plans to construct and rehabilitate 190 feeder roads at farm levels, thereby reducing post-harvest losses within the catchment areas. The document states that 100,000 farmers will be trained and empowered in climate-smart agriculture by 2027.

The fact sheet estimates the total cost of SAPZ-1 at $538.05m, net of taxes.

It indicated, “AfDB will provide an ADB loan of $160m (29.7 per cent of total cost), together with an Africa Growing Together Fund loan of $50m (9.3 per cent). The IsDB and IFAD will provide parallel co-financing of $150m (27.9 per cent) and $100m (18.6 per cent), respectively.

“Additional resources ($60m, 11.1 per cent) will be mobilised through the Green Climate Fund by IFAD from the IGREENFIN initiative. The Federal and State Governments will contribute $18.05 million (3.4 per cent) in both cash and kind.

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