Food, agriculture in Africa rises to $1trillion by 2030
President of the African Development Bank, AfDB, Dr. Akinwumi Adesina, has projected the rise of the size of food and agriculture in Africa to $1 trillion by 2030.
Adesina spoke in Abeokuta, Ogun state, where he was awarded a Doctorate of Science degree by the Federal University of Agriculture, Abeokuta, in honor of his work in agriculture and food security in Africa
The former Minister of Agriculture said the population of Africa now at 1.2 billion, will double to 2.5 billion by 2050, adding that all must eat and that can only be achieved through food and agribusiness, a statement said.
He therefore noted that “Agriculture is the most important profession and business in the world,” while commending the Nigerian government’s efforts to promote agriculture and agribusiness in the country.
“The size of food and agriculture in Africa will rise to $1 trillion by 2030. The population of Africa, now at 1.2 billion, will double to 2.5 billion by 2050. They all must eat. And only through food and agribusiness can this be achieved,” he said.
According to him, the African Development Bank was spearheading efforts to feed Africa and was investing $25 billion over a ten-year period to transform the continent’s agriculture sector.
He added that What Africa does with food will determine the future of food, given that 65 per cent of the arable land left to feed the world is here.
“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 to get the youth into agriculture as a business.
“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.
While urging agricultural universities to optimise their role in linking research, innovations and technologies to farmers and the food and agriculture industry, Adesina said African youth must become leaders to help feed the world.
Also speaking, the Chancellor of the university, Edidem Ekpo Okon Abasi-Otu, described Adesina as a global household name whose exploits in promoting value chain addition in agricultural produce have remained unparalleled, while lauding his choice as the institution’s 2020 awardee.