The Nigeria Governor’s Forum (NGF) has said that the establishment of Special Agro-processing Zones (SAPZs) in Nigeria has the potential of attracting between one to four billion dollars investments into the country.
The Chairman of the forum and Governor of Ekiti, Kayode Fayemi, disclosed this while briefing reporters after the forum’s 4th meeting on Wednesday in Abuja.
Mr Fayemi explained that all states were potential beneficiaries of the SAPZs initiative, which would bring together the farming and the processing community.
“The Forum was briefed by its Deputy Chairman, Gov. Aminu Tambuwal of Sokoto state on the meeting between the Forum and the (AfDB) The officials came in company of existing and potential Chinese investors in Nigeria.
“The meeting was part of a series of high-level engagements driven by the AfDB to promote the establishment of SAPZs in Nigeria.
“This SAPZs which will bring together the farming and the processing community have the potential of attracting about one billion dollars from the AfDB and up to 4 billion dollars with the entry of private sector investors.”
Mr Fayemi said that the governors already agreed with AfDB that a tasks desk for the initiative would be at NGF Secretariat to coordinate interest expressed from various states.