AfDB, ECOWAS sign agreement on rice production in West Africa

The Economic Community of West African States (ECOWAS) Commission and the African Development Bank (AfDB) have signed a $11.18 million agreement to enhance rice production across the sub-region.

ECOWAS announced this in a video posted on its social media platforms on Tuesday.

Speaking after the signing of the agreement in Abuja, the ECOWAS President, Omar Touray, highlighted the significance of the partnership in achieving self-sufficiency in rice production across West Africa.

He said: “This is not the first time or the only response we have received from the African Development Bank, you would recall, the African Development Bank is working with us on the flagship program, which is the Lagos corridor, the prior corridor, and they’ve now responded again to another call for support in the area of food security.

“We want to express our gratitude to His Excellency, Dr. Adeshina, president of the bank, and the entire management of the bank.”

Touray also assured that the commission would work very fast on the implementation of the programme.

“I have indicated measures we have taken that seek to expedite the implementation of programs of this nature, and we will continue to do that, we very appreciate it,” the ECOWAS chief added.

On his part, the AfDB Director-General for Nigeria, Abdul Kamara, said the initiative would lay a solid foundation for the sub-region, positioning African countries to attain food security and reduce dependence on rice imports.

“Today is a historic day. The African Development Bank and the ECOWAS commission signing an agreement of close to $12 million, $11.18 million to be precise, using the leverage of the ECOWAS rice Observatory, which we know has been doing a fantastic job in talking to the countries, in organising the countries, in sensitising them.

“And with the African Development Bank having developed the special agro-industry processing zones, with a focus on specific value chains, and riding one of those, we know this initiative is going to lay a very solid foundation that will position West African countries to achieve self-sufficiency in rice,” Kamara stated.

By: Babajide Okeowo

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