The African Development Bank (AfDB) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefitting hundreds of thousands of smallholder farmers.
The organizations held a signing ceremony at the African Green Revolution Forum in Accra, Ghana on 5 September 2019.
Dr. Jennifer Blanke, African Development Bank Vice President for Agriculture, Human and Social Development said the agreements would provide the inputs needed for Africa to have “the productivity that we hope for.”
“We are just thrilled to be getting together with our partners in order to expand the efforts to make sure that we are financing the development of manufacturing and blending of fertilizer,” Blanke said. “This is an African effort, led by Africans, for Africa,” she added.
The grants are designed by the Bank’s Africa Fertilizer Financing Mechanism (AFFM) to provide sustainable financing solutions to boost the fertilizer value chain in Africa.
African Fertilizer and Agribusiness Partnership CEO Jason Scarpone signed the agreements on behalf of the continental body, emphasizing the importance of value chain financing – bringing fertilizer financing from manufacturer, to distributor, to retailer to farmer. “Few succeed in doing it. This project will be successful,” Scarpone told reporters.
The two deals are the first agreements signed by AFFM, which is hosted by the African Development Bank, since it was became fully functional last year;they pave the way for the first implementation of trade credit guarantee projects for fertilizer financing led by AFFM in Nigeria and Tanzania.
The African Fertilizer and Agribusiness Partnership will be the implementing partner operating in the two countries on behalf of the Africa Fertilizer Financing Mechanism. The Partnership has substantial experience in supporting the agricultural value chain across the continent.
Scheduled for implementation over a two-year period, the projects will lead to the enhancement of fertilizer value chains in the two countries and will target 10 importers, 5 blenders/manufacturers, and 37 hub agro-dealers as direct beneficiaries, 520 retail agro-dealers as indirect beneficiaries and 700,000 smallholder farmers as final beneficiaries.
By supporting the fertilizer value chain in the two countries, the projects will go a long way to making fertilizer available to more farmers, a key objective of the Bank’s Feed Africa Strategy.
“We have expected results that are realistic. We are here to make sure this happens,” AFFM Coordinator Marie Claire Kalihangabo said at the signing ceremony.
Oyo Reps member, Akande-Sadipe Congratulates Adelabu at 50
A member of the Federal House of Representatives representing Oluyole Federal Constituency, Hon. Tolulope Akande-Sadipe has congratulated a former Deputy Governor of the Central Bank of Nigeria (CBN) and former gubernatorial candidate of the All Progressives Congress (APC), Oloye Adebayo Adelabu, on the occasion of his 50th birthday anniversary.
Akande-Sadipe, who chairs House of Representatives Committee on Diaspora Affairs, in a statement signed by her Special Assistant on Media and Publicity, OlamilekanOlusada and made available to Mega Icon Magazine, thanked God for granting Adelabu, the grace to witness his golden jubilee.
She further noted that Adelabu has achieved so much in his education, professional career and business, making him a force to reckon with in Oyo State’s political circuit.
The lawmaker therefore admonished younger ones and aspiring businessmen, to emulate Adelabu.
“I celebrate you my brother, Bayo Adelabu, on the occasion of your 50th birthday.You have carved a niche through excellence. May the Almighty fill your future with jubilee blessings. A man worthy of emulation in business.
” I implore our youths, in spite of the hardship of the times to tow the line of excellence and emulate the illustrious son of Ibadanland.
“As you celebrate your golden jubilee, I pray God would continue to grant you good health and long life”.
Happy birthday and many happy returns from me and the people of Oluyole”, the statement reads.
[email protected]: Eschew politics of bitterness, collaborate with me to return Oyo to Pacesetter status – Makinde
Oyo State governor, Engr. Seyi Makinde, on Sunday congratulated a former Deputy Governor of the Central Bank of Nigeria (CBN), and governorship nominee of the All Progressives Congress (APC) in the 2019 election, Chief Adebayo Adelabu, on the occasion of his 50th birthday anniversary.
Governor Makinde, in a statement signed by his Chief Press Secretary, Mr. Taiwo Adisa, expressed gratitude to God for granting Adelabu, his opponent in the 2019 election, the grace to witness the golden jubilee of his birth.
The governor noted that achieving such a landmark age can only be a privilege from God.
He, therefore admonished the businessman to see the new age as a great responsibility and a challenge to put in more efforts into serving humanity and making a meaningful impact on society.
He further admonished him to imbibe politics without bitterness by freely contributing his quota to the development of the state without any hint of political consideration.
According to Governor Makinde, anyone who reaches the 50th birthday landmark is on his way to becoming an elder statesman and, as such, bears more responsibilities on his shoulders.
The statement reads, “I celebrate my brother, Oloye Adebayo Adelabu, the governorship candidate of the APC in the March 9, 2019, governorship election, in our dear state, on the occasion of his 50th birthday.
“Anyone who lives to celebrate the golden jubilee must see it as a great privilege from God and one should be grateful. It is on this note that I give gratitude to God on behalf of Chief Adelabu.
“Also, a 50th birthday is always celebrated with fanfare, because it is considered a landmark; it is the invitation to becoming a statesman and it confers on one a great respect as well as responsibility.
“I encourage Chief Adelabu to note that this is the time for politicians across all divides in the state to eschew politics of bitterness by freely contributing their quota positively to the developmental efforts of the incumbent administration, since the saying is always right: government comes and government goes but the people always remain.
“I will admonish my brother to, in the spirit of this new age, freely discharge his responsibility to the people by committing himself more to serving humanity and making a meaningful impact on the society.
“It is my expectation that as he clocks 50 and with the responsibilities that come with it, Chief Adelabu will attune his mind to collaborating with the Oyo State Government to return the State to the Pacesetter status it occupied especially in the First and Second Republics.
“As he celebrates his golden jubilee, I pray to God to continue to grant him good health.
“I wish him a very Happy birthday and many happy returns”, the statement concluded.
Ladoja At 76: Alao pens emotional thank you message to ex-Oyo governor
Ibadan North East/South East Federal House of representatives nominee of the Zenith Labour Party (ZLP) in the 2019 election, Mr. Semih Oladimeji Alao on Friday penned an emotional appreciation message to former Governor Rasidi Ladoja, describing him as the most innovative personality in politics.
The Osi Olubadan of Ibadanland, Chief Ladoja, was born on September 25, 1944.
Alao in a message obtained by Mega Icon Magazine also thanked the former governor of Oyo state for his amazing efforts and support over the years.
The message reads, “Happy 76th Birthday to Osi Olubadan of Ibadan, the most innovative person in politics today. High Chief (Daddy) Rasidi Adewolu Ladoja.
“Not only do you seamlessly adapt to address the emerging challenges from the persistent ones that we face in our society today, but you are also always striving to make things better with new approaches and such unfaltering determination.
“I just want to thank you for all of your amazing efforts and support over the years!
“Many happy returns to you today Sir”, it added.
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