FG moves to secure $500m AFDB fund

The Federal Government (FG) has initiated moves to secure a $500 million African Development Bank (AfDB) fund for technology innovation, the Minister for Industry, Trade and Investment, Mr Richard Adebayo, has said.

Adebayo said this in an opening address at the 11th meeting of the National Council on Industry, Trade and Investment in Uyo on Monday

He said the FG would also work towards the realisation of one agro processing zone in each senatorial district to encourage farmers in the country.

He also expressed committment to ensure credit access to 10 million Micro, Small and Medium Enterprises (MSMEs) at single digit rate and fully activate the private sector six special zones in Lekki, Enyimba, Funtua, Ibom, Kano and Benue.

Adebayo explained that the policies were meant to…



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