RATIN

Africa’s food importation to reach $110B by 2025 — IsDB

Posted on October, 8, 2024 at 08:53 am


The Islamic Development Bank (IsDB) has expressed concern over Africa’s rising food importation, which reached $43 billion in 2019 and is projected to soar to $110 billion by 2025.

Dr Nizar Zaied, IsDB’s Head of Agriculture, Water Resources, and Rural Development, spoke on the alarming trend during a high-level workshop on the IsDB-funded Agropastoral Development Project in Kano.

The workshop, organised by the Sasakawa Africa Association (SAA) in collaboration with the IsDB and the Kano State government, addressed the challenges and opportunities for agricultural development in Africa.

Despite Africa possessing 60% of the world’s arable land, its heavy reliance on food imports reflects a critical need for stronger agricultural systems, he said.

Dr Zaied emphasised IsDB’s commitment to helping Africa achieve food security by promoting the adoption of improved seed varieties and advocating for the efficient use of fertilisers.

He cited the success seen in Ethiopia, where there has been a 25% increase in national yield, underscoring the potential for similar advancements across the continent.

Source: Daily Trust