The size of food and agriculture in Africa will grow to $1 trillion by 2030. President of the African Development Bank (AfDB), Akinwumi Adesina who made this prediction at the Federal University of Agriculture, Abeokuta (FUNAAB), while being conferred with an honorary doctorate degree, in honour of his work in agriculture and food security across the continent, said the population of Africa, which stands at 1.2 billion, would double to 2.5 billion by 2050. He said this population need to be fed and that is what is going to drive food and agribusiness in the continent.
Adesina who commended the federal government’s efforts to promote agriculture and agribusiness in the country, pledged to continue the work of transforming Nigeria’s agriculture sector.
He described agriculture as the most important profession and business in the world, adding that the African Development Bank was spearheading efforts to feed Africa and has invested $25 billion in 10 years to transform the agricultural sector.
“I am delighted to see so many of our young people engaged in agriculture arising from the Youth Employment in Agriculture initiative launched when I was minister. From their innovations in the use of drones, food processing, packaging, transport and logistics, and marketing, they are already unlocking the opportunities in agriculture,” he said.
He urged agricultural universities to optimise their role in linking research, innovations, and technologies to farmers and the food and agriculture industry.