The first phase of the Special Agro-Industrial Processing Zones (SAPZ) program is coming alive finally.
Initial phase fund :- $530 million to be provided by FG, AfDB, Islamic development bank
The states selected for initial phase are; Cross River (cocoa, rice, and cassava); Imo (beef and dairy livestock); Kaduna (tomato, maize, and ginger); Kano (rice, tomato, groundnuts, and sesame oil); Kwara (livestock), Ogun (cassava, rice, poultry, and fisheries); and Oyo (cassava, soybean, rice); and the Federal Capital Territory (beef and dairy livestock).
Each SAPZ is expected to deliver infrastructure (transport, power, water and processing) and facilitate improved access to finance and markets, and technology transfer. The zones are expected to boost household incomes, support rural economies, create jobs, enhance food security, and contribute to the overall economic growth of the nation.
I hope the funds will be managed by fund managers.
Peoplesmind
