The Financial Nation of West African States Fee and the African Construction Cupboard have signed a $12m provide word of honour to forming the Rice Resilient Price Chains Construction Challenge in West Africa.
The signing rite took park on Monday, on the ECOWAS Fee Headquarters in Abuja.
The REWARD challenge is designed to foster each family and personal investments within the rice worth chain and can leverage a hit industry fashions.
It is a part of a regional programme geared toward rice building, which the AfDB is financing throughout 15 West African nations.
In a commentary issued by way of the fee, the President of the ECOWAS Fee, Alieu Touray, signed the word of honour to the behalf of the Fee, hour the AfDB Director Basic for Nigeria, Dr. Abdul Kamara, signed to the behalf of the Cupboard’s President, Dr. Akinwumi Adesina. The programme, which is valued at $650m, goals to fortify rice self government throughout all ECOWAS member states.
Right through the rite, Touray expressed the Fee’s revere to the Cupboard for the provide and emphasized ECOWAS’s loyalty to quick challenge implementation.
Kamara reaffirmed the Cupboard’s determination to supporting ECOWAS in attaining meals safety and resilience within the patch, in order with the ECOWAS Seeing 2020.
The commentary learn partially, “The ECOWAS Fee and the African Construction Cupboard signed a $12m provide word of honour on March 10, 2025, to put into effect the Rice Resilient Price Chains Construction Challenge in West Africa.
“The REWARD challenge goals to advertise family and personal investments in rice worth chains. The Programme will probably be in response to related a hit industry fashions and is a part of a regional rice building program financed by way of the AfDB throughout 15 West African nations.
“This multinational, multiphase programme is valued at US $650m and aims to promote rice sovereignty in all the ECOWAS Member States.”