Africa: Food Security – AfDB Mulls $1.5bn Emergency Plan for Africa


The African Development Bank (AfDB) has developed a $1.5 billion Africa Emergency Food Plan to avert a food crisis as a result of the Russian-Ukraine war.

This is even as President Muhammadu Buhari has given plaudits to the AfDB for planning ahead of whatever negative consequences may come from the Russia-Ukraine war in terms of food security.

The President spoke Tuesday at State House, Abuja, during an audience with the AfDB President, Dr. Akinwumi Adesina, who briefed him on steps being taken by the bank to avert food crisis in Africa, in the foreseeable future.

“Thank you for knowing our weaknesses and our strengths, and for planning and working ahead,” President Buhari in a statement by his media aide, Femi Adesina, said.

“We are very much aware of the need for food security, and to encourage our local farmers, that was why we closed our borders for about two years to curb smuggling. We made some progress,” he added.

Drl Adesina said the Russia-Ukraine war would create global problems, and particularly for Africa, which imports a huge percentage of its food from the two countries.

“Already, the price of wheat has gone up about 60%. Maize and other grains will also be affected. There may be fertilizer crisis, as there would be about 2 million metric tons deficit. And that will affect food production by about 20%. Africa will lose $11 billion worth of food, and coming shortly after COVID-19, that would be rather serious,” the AfDB President disclosed.