Home Uncategorized Nigeria needs to copy China on agriculture, Beijing is investing $450B by 2020

Nigeria needs to copy China on agriculture, Beijing is investing $450B by 2020

Nigeria needs to copy China on agriculture, Beijing is investing $450B by 2020

Nigeria needs to go big on agriculture. It needs to copy China.

The Agricultural Development Bank of China, one of the country’s main policy lenders, agreed to loan at least 3 trillion yuan ($450 billion) by 2020 for the modernization of China’s agriculture industry, state media said on Sunday.

The Ministry of Agriculture and the bank, which lends in line with government policy, signed an agreement to protect national food security, support the sector doing business overseas and develop China’s seed industry, according to the official Xinhua news agency.

Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

It was not immediately clear whether this commitment is separate from the bank’s plan announced in May to lend 3 trillion yuan for poverty reduction via agricultural investments.

No posts to display

Post Comment

Please enter your comment!
Please enter your name here