The African Development Bank (AfDB) has sought financial help of $200m from Germany and all G-7 countries.
President of AfBD Group, Akinwumi Adesina, who made the request at the G7 Ministerial Conference on ‘Uniting for Global Food Security’, said the support was required to address the global food crisis partly caused by Russia’s invasion of Ukraine.
“While the African Development Bank has mobilised $1.3 billion of the $1.5 billion needed for the African Emergency Food Production Plan, we have a financing gap of $200 million. I would, therefore, like to request that Germany and all G-7 countries help provide this balance of $200 million,” Adesina said.
He further said the funding gap is required urgently to facilitate the desire to make Africa “a global solution to global food crisis.”
He pointed out that Africa has the right technology to produce sufficient food for consumption and export.
The AfDB boss said Africa, through the plan, would bring to the table a unique solution to tackling the food crisis.
“The plan will provide 20 million African smallholder farmers with certified seeds and increased access to fertilisers.
“The goal is to produce 38 million tons of food in about two years to achieve food sovereignty for African countries and feed its 1.2 billion population”, he pointed out.
The food intervention roadmap of the bank was laid at its annual general meeting (AGM) held in Accra, Ghana, last month, with the ex-Nigeria agriculture minister insisting: “Africa does not need a bowl in the hand but seeds in the ground” to feed itself and serve as solution to the global food shortage.
The African Emergency Food Production Plan was developed by the bank in conjunction with the African Union. It had earlier secured approval of the board.
