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Business News of Wednesday, 29 January 2020

Source: www.afdb.org

Agriculture most important profession in the world – ADB boss

Dr Akinwumi Adesina, President of the African Development Bank Dr Akinwumi Adesina, President of the African Development Bank

The President of the African Development Bank, Dr Akinwumi Adesina, has said that agriculture is the most important profession in the world.

According to him, “Agriculture is the most important profession and business in the world,”

Reminding students of the important role they have to play in the continent’s economic development as he was conferred with an honorary doctorate in Nigeria, the astute banker pledged to continue the work of transforming Nigeria’s agriculture sector.

“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 added.

Dr Adesina said 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. What Africa does with food will determine the future of food, given that 65% of the arable land left to feed the world is here, Adesina said.

“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.

He urged agricultural universities to optimise their role in linking research, innovations and technologies to farmers and the food and agriculture industry.

“Africa’s youth must become leaders to help feed our world,” he advised.

The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday, in honor of Adesina’s work in agriculture and food security across the continent.