By Brandon Moss  Lagos, Nigeria — In a landmark move to transform Nigeria’s agricultural landscape, the African Development Bank (AfDB), in collaboration with global partners, has mobilised $2.2 billion to roll out Phase Two of the Special Agro-Industrial Processing Zones (SAPZs) initiative. The funding will support the development of agro-industrial hubs across 24 states, marking ...

The Oyo site is the third to be developed under the national SAPZ program, and the first in southwest Nigeria IBADAN, Nigeria, August  ,4 2025/ • Oyo SAPZ will host up to 40 agro-processing industries, create over 100,000 direct and indirect jobs, and benefit half a million farmers. • A great honour to do this ...

Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) project has garnered over $2.2 billion in investment pledges during the Africa Investment Forum 2024 in Rabat, Morocco. Facilitated by the African Development Bank (AfDB), the funds will propel the program’s second phase, which aims to establish agro-industrial hubs, enhance food security, create jobs, and boost productivity across the ...