{"id":3677,"date":"2024-02-06T09:34:21","date_gmt":"2024-02-06T09:34:21","guid":{"rendered":"https:\/\/shakamomodu.com\/?p=3677"},"modified":"2024-02-06T09:34:21","modified_gmt":"2024-02-06T09:34:21","slug":"special-agro-industrial-processing-zones-540-million-funds-ready-for-disbursement-afdb","status":"publish","type":"post","link":"https:\/\/shakamomodu.com\/index.php\/2024\/02\/06\/special-agro-industrial-processing-zones-540-million-funds-ready-for-disbursement-afdb\/","title":{"rendered":"Special Agro-Industrial Processing Zones $540 million Funds Ready for Disbursement  -AfDB"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-ibpkx-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-ibpkx-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-18\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"f476692f-02d6-4784-8aea-815f91567baa\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>The African Development Bank (AfDB) is set to disburse $540 million for the development of Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. Vice President Kashim Shettima urged immediate action to ensure the success of this initiative, emphasizing the importance of turning discussions into tangible results.<\/p>\n<p>Prof. Banji Oyelaran-Oyeyinka, Senior Special Adviser on Industrialization to the AfDB President, revealed that the first phase of the SAPZ project would benefit Oyo, Kaduna, and Cross River states, with disbursements already in progress. He stressed the importance of private sector involvement in these government-enabled projects.<\/p>\n<p>Additionally, Abimbola Olufore Wycliffe of the United Nations Industrial Development Organisation (UNIDO) outlined a recovery plan for the Ajaokuta Steel Company Limited, focusing on rehabilitation, modernization, and expansion. She emphasized the need to prioritize strategic business units (SBUs) with lower investments and quicker positive cash flows.<\/p>\n<p>Vice President Shettima emphasized the urgency of action, stating that actions speak louder than words. He highlighted the need to deliver on President Bola Tinubu&#8217;s vision for the Nigerian people, stressing the importance of transforming Nigeria&#8217;s economy and industries. Shettima drew inspiration from the success stories of countries like Korea, emphasizing the importance of determination and action in achieving transformative change.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mt-1 flex justify-start gap-3 empty:hidden\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center lg:justify-start mt-0 -ml-1 visible\"><button class=\"flex items-center gap-1.5 rounded-md p-1 text-xs text-token-text-tertiary hover:text-token-text-primary md:invisible md:group-hover:visible md:group-[.final-completion]:visible\"><\/button><\/p>\n<div class=\"flex items-center gap-1.5 text-xs\"><\/div>\n<div class=\"flex\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"w-full pt-2 md:pt-0 dark:border-white\/20 md:border-transparent md:dark:border-transparent md:w-[calc(100%-.5rem)]\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 items-stretch md:flex-col\">\n<div class=\"flex w-full items-center\">\n<div class=\"overflow-hidden [&amp;:has(textarea:focus)]:border-token-border-xheavy [&amp;:has(textarea:focus)]:shadow-[0_2px_6px_rgba(0,0,0,.05)] flex flex-col w-full dark:border-token-border-heavy flex-grow relative border border-token-border-heavy dark:text-white rounded-2xl bg-white dark:bg-gray-800 shadow-[0_0_0_2px_rgba(255,255,255,0.95)] dark:shadow-[0_0_0_2px_rgba(52,53,65,0.95)]\">\n<div data-grammarly-part=\"button\">\n<div>\n<div>\n<div class=\"amkYk\">\n<div>\n<div class=\"ptGJG\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/form>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The African Development Bank (AfDB) is set to disburse $540 million for the development of Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. Vice President Kashim Shettima urged immediate action to ensure the success of this initiative, emphasizing the importance of turning discussions into tangible results. Prof. Banji Oyelaran-Oyeyinka, Senior Special Adviser on Industrialization to the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[37,35],"tags":[],"class_list":["post-3677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/3677"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=3677"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/3677\/revisions"}],"predecessor-version":[{"id":3681,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/3677\/revisions\/3681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/3680"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=3677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=3677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=3677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}