Wednesday, July 8, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Business

AfDB and IITA Sign $16.6m TAAT-III Grant

byChidi Okoye
March 2, 2026
in Business, Economy
0
AfDB and IITA Sign $16.6m TAAT-III Grant
11
VIEWS
Share on FacebookShare on Twitter

The African Development Bank (AfDB) and the International Institute of Tropical Agriculture (IITA) have formalized a $16.61 million grant agreement to initiate the third phase of the Technologies for African Agricultural Transformation (TAAT-III). Signed on February 18, 2026, in Abuja, this agreement aims to scale climate-resilient food production and modernize the continent’s agricultural landscape through high-impact technological interventions.

The structural and economic consequence of the TAAT initiative has been profound since its inception in 2018. By strengthening seed systems and fostering deep-rooted partnerships between research institutions, governments, and the private sector, the program has reached nearly 25 million farmers. To date, it has successfully expanded climate-resilient practices across more than 35 million hectares, creating a more robust defense against the environmental volatility threatening African food security.

Analytically, the performance metrics of the program reveal a significant surge in productivity. Collaborative efforts with the Consultative Group of International Agricultural Research Centres (CGIAR) have resulted in crop yield increases of up to 69%. This spike in efficiency has generated over $4 billion in additional agricultural value, providing a substantial fiscal cushion for participating nations such as Ethiopia, Zambia, Zimbabwe, and Sudan as they navigate global supply chain disruptions.

The impact on “National Productivity and Climate Resilience” is particularly evident in Nigeria, a primary beneficiary of the TAAT framework. Under the program’s Wheat Compact, Nigerian farmers transitioned to improved heat-tolerant seed varieties, effectively doubling their output. Yields jumped from a baseline of 1.7 tons per hectare to 3.5 tons per hectare, demonstrating the transformative power of aligning localized farming techniques with advanced agricultural science.

Furthermore, TAAT-III is designed to bridge the persistent gap between laboratory research and field application. By scaling proven technologies that have already stood the test of diverse African climates, the third phase seeks to institutionalize these gains. The grant will support the continued rollout of bio-fortified crops and water-efficient irrigation systems, ensuring that the “additional value” created translates into lower food prices and increased rural income across the continent.

The long-term outlook for African agriculture under the TAAT-III roadmap suggests a transition from subsistence-level farming to a commercially viable, tech-driven industry. As the AfDB and IITA deepen their technical collaboration, the focus remains on ensuring that the 69% yield growth observed in pilot phases becomes the standard for the next generation of African agribusiness. For the millions of farmers involved, this $16.61 million injection represents a critical lifeline in the ongoing struggle for continental self-sufficiency.

Tags: AfDBAgricultural TransformationCGIARClimate Resiliencefood securityIITANigeria WheatTAAT-III
Chidi Okoye

Chidi Okoye

Next Post

ICRC to Enforce Zero-Funding Gas Project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Benin Bronzes Homecoming Hailed as Historic Victory for Nigerian Heritage

Benin Bronzes Homecoming Hailed as Historic Victory for Nigerian Heritage

8 months ago
IPMAN: Dangote Petrol Supply Will Cut Pump Prices

Nigeria Becomes Net Petrol Exporter as Dangote Refinery Ships 44,000 bpd

3 months ago

Popular News

  • Dangote Refinery Reshapes Trade as Nigeria Exports ₦105.5bn PMS to Togo in Q1 2026

    FG Secures Marketers’ Commitment to Cut Petrol Prices as Crude Oil Falls

    0 shares
    Share 0 Tweet 0
  • Government Suspends New Digital Rules to Create Unified Policy for Nigeria’s Tech Sector

    0 shares
    Share 0 Tweet 0
  • Dangote Group Plans Major Oil Refinery in Kenya to Boost East Africa’s Energy Supply

    0 shares
    Share 0 Tweet 0
  • NERC Reports $12.66 Million Shortfall as Regional Power Off-Takers Pay Just 27.6% of Q1 Invoices

    0 shares
    Share 0 Tweet 0
  • SEC Approves Emerald HoldCo’s ₦6.94bn Mandatory Takeover of Beta Glass

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .