The African Development Bank (AfDB) has disclosed that the Feed Africa initiative will drive transformation of African Agriculture into a globally competitive, focuses on four goals to be delivered by 2025, reports NaijaAgroNet.
These four goals, NaijaAgroNet gathered include to end extreme poverty, eliminate hunger and malnutrition, make Africa a net exporter of agricultural commodities and attempt to move to the top of key agricultural value chains.
AfDB also revealed that these four goals have appendage of aspirations comprising that for the continent to end extreme poverty, there must be corresponding contribution towards alleviating poverty though job creation and providing sustainable livelihoods, while targeting to lift some 130 million out f extreme poverty by 2025.
The second goal of Feed Africa, NaijaAgroNet reports, centres on eliminating hunger and malnutrition tend to bring forth food security for all Africans that are ‘undernourished’ even as the goal targets zero hunger and malnutrition before the end of next nine years.
On the third goal, AfDB informed that making Africa a net exporter of agricultural commodities will be ambitiously matched by eliminating large scale imports of commodities that could be produced in Africa, and selectively begin to export, such that Africa’s target will be to net trade balance in the billions of dollars.
Whereas the fourth goal, NaijaAgroNet reports is to move the continent to the top of key agricultural value chains, by becoming Number 1 in either processing or the overall value chain, by market share and by value addition, thereby positioning Africa’s share of the market value for processed commodities to about 40 per cent, for instance with cocoa grinding.
In addition, NaijaAgroNet learnt that Feed Africa is to further turn agriculture into inclusive and business-oriented sector that creates wealth, generates gainful employment, and improves quality of life.
Thus, Feed Africa echoes the commitments made under the Comprehensive African Agricultural Development Program (CAADP) as articulated in the Maputo (2003) and the Malabo (2014) Declarations.