Browsing: Agriculture

“Nigeria today has the second-highest rate of food insecurity on earth, and climate change is only accelerating the problem,” Gates remarked. “Arable land has disappeared. Pests have wiped out harvests. And prices for staple foods have soared. Climate-related losses on many African farms are more than double those seen globally. The poorest farmers are the ones hit hardest, having to cope with more droughts, pests, and diseases, which in turn exacerbate food shortages and push up food prices.”

The $30 million Commodity Murabaha Facility marks a key milestone in ICD’s mission to foster sustainable economic development within its member countries. By directing resources into Türkiye’s agriculture sector, a crucial pillar of the nation’s economy, this partnership aims to enhance food security, promote innovation, and drive the growth of SMEs, which are vital to the country’s economic resilience.