• Africa spends $35b yearly on food importation – IFAD president

    Africa spends $35b yearly on food importation – IFAD president

    Kanayo Nwanze, the President of the International Fund for Agricultural Development, says Africa spends $35 billion a year on food importation.

    This was contained in a statement issued by the IFAD and made available to the newsmen on Monday in Abuja.

    The statement quoted Nwanze as making the disclosure at the opening of a three-day African Union-European Union Conference of Ministers of Agriculture, tagged: “Investing in a Food Secure Future.”

    He said the conference, which was convened by the Government of The Netherlands, […]