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  • Business - Companies
  • Updated: April 27, 2022

Russia-Ukraine War: AfDB Announces Provision Of $1.5 BIllion Dollars For Africa Emergency Food Plan

Dr Akinwumi Adesina,The President of the African Development Bank (AfDB) has announced the provision of $1.5 billion for the Africa Emergency Food Plan to mitigate the effect of the Russia-Ukraine war which is expected to trigger a global food crisis.

The development comes after David Malpass, President of the World Bank Group, David Malpass, said that Nigeria and other developing countries are faced with sudden price increases for fertiliser and food, among others, due to the war in Ukraine and Covid-19 related shutdown was when this came in

This was however revealed disclosed during a meeting with President Muhammadu Buhari on Tuesday at the Presidential Villa, Abuja, by Adesina where he also raised the alarm that there may be a fertiliser crisis in Africa which will cause about a 2 million metric tons deficit.

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

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