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AfDB To Invest $120 Million In Agrictech - Agric News

AfDB To Invest $120 Million In Agrictech - Agric News
The African Development Bank (AfDB) has in a bid to enhance rural farming in Africa has earmarked $120 million to advance the adoption of agricultural technology innovations.
This was made known by the TAAT Coordinator, Mr. Krishan Bheenick, during the Forum for Agricultural Research in Africa (FARA), TAAT and AfDB sponsored capacity development and technology outreach programme in Abuja.
The fund is aimed at supporting 40 million farmers through the Technologies for African Agricultural Transformation (TAAT) programme and will be divided into three phases having $40 million each from 2018-2021.

The Lead Specialist, Innovation Systems and Partnerships for FARA, Dr. Oluwole Fatunbi, noted that the training was of utmost importance looking at the functions of agriculture extension workers in boosting farm production.
He further explained that the 70 people being trained are expected to train 50 others, adding that the 400 innovation platforms would meet the needs of about 25,000 farmers in each of the innovation hubs.
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