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Industrial and agricultural revolutions have always been at the centre of most agro-economic policies of the government with the objectives of diversifying the base of the economy using crude oil as a springboard.
However, poorly conceived and hurriedly designed strategies and grossly inadequate implementation have impeded success of such policies, and one of the consequences is a mono-cultural economy that has made the country a gross importer of food and industrial products, with high inflation rate, gross unemployment among youths, extreme poverty and struggling industrial sectors.
However, the African Development Bank’s (AfDB’s) Special Agro-Industrial Processing Zones (SAPZs), espoused by President of the bank, Dr Akinwumi Adesina, who was a former Minister of Agriculture and Rural Development with vast understanding of the agro-economic space, appears to present a ray of home as far as agro-industrial revolution is concerned.
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