Stakeholders task African leaders on agricultural finance

Actors in the agricultural sector called on the heads of the African Union (AU) to implement the Maputo and Malabo summits of 2003 and 2014, to boost the sector.

This call was launched ahead of the third biennial review of the African Union’s Comprehensive African Agriculture Development Program (CAADP).

The draft seven-point program includes the allocation of 10% of their annual national budgets to the agricultural sector, as approved at the Maputo summits.

It is believed that Nigeria and other African countries would benefit immensely from the implementation of the 2014 Malabo Declarations.

Some of the benefits include recommitment to the principles and values ​​of the CAADP process; increased investment in agriculture with a 10% spending target, as well as ending hunger by 2025.

Others are, halving poverty by 2025; stimulate inter-African trade; build resilience of livelihoods and mutual accountability for actions and results.

According to the International Project Manager for Scaling Up Investments in Agriculture, ActionAid Nigeria, Constance Okeke, the launch of the biennial overview results, BR-3, was an accountability process, designed to measure the progress of the implementation of CAADP in all African countries.

Disclosing this during a two-day pre-BR-3 launch on the theme: “Strengthening Accountability and Use of Biennial Overview Results,” Okeke said, “every two years, a review is done to see how the program is implemented and country data is submitted to the African Regional Economic Communities, which in turn submit to the African Union”.

“They are analyzed and report to the Heads of State at their summit at the start of the year”.

Okeke said, “This is the third biennial review.

It started in 2017 with the first report released at the 2018 summit and the second BR for 2019 was submitted to the African Heads of State summit in 2020.

“The idea of ​​organizing this event is to join forces and resources to ensure that one of the main key players in agricultural development, namely the media, is at the forefront of these issues.

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The Guardian
Stakeholders task African leaders on agricultural finance

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