African Development Bank (AfDB) ready to help Nigeria return to electronic wallet system of input distribution to farmers to boost agricultural production.

The African Development Bank (AfDB) says it is ready to help Nigeria return to the electronic wallet system of input distribution to farmers to boost agricultural production.

The President of AfDB, Dr Akinwumi Adesina, said this on Monday, at a meeting with newsmen ahead of the Bank’s 2022 Annual Meetings in Accra, Ghana.

The e-wallet system was introduced by Adesina, while he was the Minister of Agriculture in Nigeria.

The system allowed the government to register about 14.5 million farmers and reached them directly with inputs, notably seeds and fertilisers, via electronic coupons on their mobile phones.

He said the Bank would support Nigeria with about 30 million dollars reallocated fund to be used for an emergency food plan to produce in the dry season.

Amen Kantiyok