On behalf of the World Food Prize Foundation, Akinwumi Adesina – the President of the African Development Bank (AfDB), has been named as the 2017 World Food Prize Laureate by Kim Reynolds Governor of the State of Iowa. Akwinwumi Adesina, upon receipt of the award swiftly dedicated the prize to strengthening food security in Africa through financial support for agricultural entrepreneurs. Receiving the award, the African hero was accompanied by the former president of Ghana – John Dramani Mahama, and former president of Nigeria – Olusegun Obasanjo.
In his speech, Adesina said, “I hereby commit my 250,000 USD as a cash prize for the World Food Prize award to set up a fund fully dedicated to providing financing for the youth of Africa in agriculture to feed Africa”. Agriculture has long been the backbone of the SubSaharan African economy and AfDB have been committed to supporting the sector as a means of strengthening the African economy. The AfDB is accelerating agricultural development through its Feed Africa Strategy with a planned investment of 24 billion USD over a decade. In his speech, he highlighted the effectiveness of the wellbeing of children if food security is achieved. This goes a long way to affect the health, education, and many other sectors of the African economy.
For young agricultural entrepreneurs across Africa, watch this space as Akinwumi Adesina promises to provide financial solutions to the sector with his awarded 250,000 USD.