African Development Bank (AfDB) approves $1.5 Billion emergency food security funds

Shortage of food is a major concern for the rest of the world. As we all know what the Russia’s invasion of Ukraine has cause across the world, the mother continent Africa is getting its ducks in line to deal with the consequences of the the war. 

African Development Bank (AfDB) is making $1.5 Billion emergency food security funds available to 20 million farmers on the continent to vert a looming food crisis brought on by Russia and Ukraine war.  

According to the bank, the funding is meant to assist Africa overcome a shortage of at least 30 million metric tonnes of food due to the disruption of global food supplies caused by the conflict in Europe, especially for wheat, maize and soybeans imported from Russia and the Ukraine. 

“African farmers urgently need high-quality seeds and inputs before the planting season begins in May to immediately boost food supplies,” the bank says.

Dr Akinwumi Adesina, African Development Bank Group president said, “Food aid cannot feed Africa. Africa does not need bowls in hand. Africa needs seeds in the ground, and mechanical harvesters to harvest bountiful food produced locally. Africa will feed itself with pride for there is no dignity in begging for food.”

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