Tinubu applauds AfDB’s $520m investment in agro industries

President Bola Ahmed Tinubu has welcomed an investment of $520 million in specialised agro-processing zones by the African Development Bank (AfDB), praising the leader of the multilateral institution, Dr Adewunmi Adesina, for further opening up the economy for investments that provide job opportunities and reduction in poverty.

Receiving Dr Adesina after the two-day summit on A New Global Financing Pact in Paris, President Tinubu said the agro-industrial project strengthens an area of the country’s competitive advantage as he listed other areas of priority that require Foreign Direct Investment (FDI).