Investing in agriculture is the most effective way to eradicate poverty in Africa, says, Dr Kanayo Nwanze, t he President,
International Fund for Agricultural Development (IFAD).
Nwanze made this assertion in a statement issued in New York on Monday.
He was quoted in the statement as saying that increasing investment in agriculture was essential to achieving the Millennium Development Goals (MDGs).
“Investments in agriculture are more effective in lifting people out of poverty than investments in any other sector.
“They not only drive economic growth and set the stage for long-term sustainable development; they pay high dividends in terms of quality of life and dignity for poor rural people.
“The experience of IFAD has shown that agriculture is a business, and our business is to make sure smallholder agriculture profitable so that rural communities can thrive.”
Nwanze is expected soon at Addis Ababa for the Joint Annual Meeting of the African Union Conference of Ministers of Economy and Finance.
According to the statement, the IFAD President will, at the meeting, share his vision for ensuring that smallholder farmers are at the centre of any plan for post-2015. (NAN)