IFAD President: Investment on Agricultural Research Key to Economic Growth in Africa
August 29, 2012| |
Dr. Kanayo Nwanze, President of the International Fund for Agricultural Development (IFAD), said that increasing investments in agricultural research for development (R4D) could bring the much-awaited agricultural transformation to Africa and help address the rising wave of youth unemployment and its attendant poverty.
Nwanze added that such investments will have a positive trickle down effect on the youth by way of generating improved technologies that could attract them to agriculture and also build their capacities in solving both present and future challenges to food security. Citing research studies, Dr Nwanze said that for every dollar invested in agricultural research, returns on investments were about US$9 in sub-Saharan Africa.
See the original article at http://www.iita.org/2012-press-releases/-/asset_publisher/CxA7/content/investment-in-agric-r4d-is-key-to-youth-empowerment-and-economic-growth-in-africa-says-ifad-boss?redirect=%2F2012-press-releases.
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