Insecurity: Borno Partners Arab Bank To Boost Wheat And Gum Arabic Export
The partnership is part of Borno State government's ongoing rebuilding efforts and economic recovery in the wake of a 12-year-old Boko Haram insurgency.
The Borno State Government has entered into a partnership with the Arab Bank for African Economic Development (BADEA) to increase production and export of wheat, gum Arabic and date palms.
Borno State is the largest producer of wheat and barley in Nigeria but the 12-year-old Boko Haram insurgency has crippled agricultural activities of the Northeast state, with economic fallout driving many people into poverty in the state.
During the signing of the MoU in Khartoum, Sudan, Babagana Zulum, Governor of Borno State, described the partnership as a game-changer in revitalising the state economy as part of the government’s ongoing rebuilding efforts.
The Arab Bank for Economic Development in Africa (BADEA) was established by 18 Arab countries (the League of Arab States) in 1973 and began operations in 1975 with the objective of strengthening economic, financial and technical cooperation between Arab countries and African regions through financing opportunities for economic development in African countries.
In a statement by Isa Gusau, Zulum’s spokesperson, on Monday, Sept. 6, the governor highlighted the opportunities in investing in agriculture, given “the state’s vast and fertile land resources for irrigation and rain fed agriculture.” According to Gusau, the Bank said it would extend full cooperation to the Borno State Government in ensuring that their relationship is conducive to development.
Meanwhile, the governor visited Sudan accompanied by Bukar Tijjani, a former Minister of Agriculture and other stakeholders in trade and agriculture, Gusau said.
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