ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home News

Nigeria invests $538 million to transform Cross River into an agro-industrial hub

These types of special zones represent a crucial lever for Africa, where over 60% of the population depends on agriculture, yet much of the production remains informal.

in News
Reading Time: 2 mins read
0 0
0
Nigeria invests $538 million to transform Cross River into an agro-industrial hub
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Nigeria has launched a crucial driver in Africa’s industrialization process with the groundbreaking of a Special Agro-Industrial Processing Zone (SAPZ) in Cross River State. This initiative, led by Vice President Kashim Shettima and the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, is more than just an agricultural boost—it is a replicable model of structural transformation poised to accelerate rural industrialization across the continent.

With an initial investment exceeding $500 million and a strategic infrastructure network including ports, power grids, and research centers, the Cross River SAPZ serves as a living laboratory for developing agro-industrial value chains in Africa. From cocoa processing to cassava transformation, the 130-hectare hub in Adiabo will turn raw materials into high-value products, reduce reliance on imports, and strengthen Nigeria’s position in global export markets.

AfriLabs Secures $150,000 Unrestricted Grant from Airbnb Community Fund to Boost Innovation in Africa

These special zones are a vital lever for Africa, where over 60% of the population depends on agriculture, yet much of the production remains informal and of low market value. SAPZs offer a modern, sustainable alternative: linking primary production to industrial hubs, creating ecosystems for private investment, and revitalizing rural economies. “These zones are a direct path to industrialization without leaving rural communities behind,” said Adesina, noting that the model has already attracted $2.2 billion in investment interest for expansion across 28 Nigerian states.

The vision extends beyond Nigeria. The African Development Bank has committed over $900 million to develop SAPZs in 11 African countries. The approach combines public-private investment with technical training, market access, and environmental sustainability. In Cross River, the SAPZ is backed by the Nigerian Cocoa Research Institute, the University of Calabar, and IFAD’s LIFE-ND program, which has already empowered 26,000 young people and women entrepreneurs in the Niger Delta.

More

Lesotho increases blood collection by 70% between 2017 and 2024

RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

Kigali launches urban cable car to connect communities and reduce inequality

If scaled coherently, this agro-industrial model could reshape Africa’s economic future. As Nigeria’s Minister of Agriculture Abubakar Kyari stated, “Investing in agro-industry is investing in the future of our communities.” The Cross River SAPZ is not merely a national milestone—it is a launching point for an Africa that transforms its natural resources into industrial prosperity and global economic leadership.

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

June 25, 2025
Kenya: a business blossoming from the soil

Kenya: a business blossoming from the soil

June 23, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

July 5, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to [email protected]

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected]. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.