The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Given the importance of fertilizer to the continent's food production efforts, the New Partnership for Africa’s Development (NEPAD) has declared that Africa's economic development vision must be based on raising and sustaining higher rates of economic growth (7 percent per year). To implement this vision, African heads of state and government adopted the Comprehensive Africa Agricultural Development Programme (CAADP) which calls for a 6% annual growth in agricultural production, as a framework for the restoration of agricultural growth, food security and rural development in Africa.
African farmers face a variety of constraints, including low productivity of cultivated lands, limited access to new agricultural technologies and the lack of markets for their products. Without adequate inputs, farmers cannot meet the food needs of their own families, much less those of a rapidly growing population. Regarding food security in Africa, farmers will need to shift from low yielding, extensive land practices to more intensive, higher-yielding practices, with increased use of improved seeds, fertilizers and irrigation.
A move toward reducing hunger on the continent must begin by the continent addressing its severely depleted soils through multiple agricultural land conservation, protection and management approaches. Due to decades of soil nutrient mining, Africa’s soils have become the poorest in the world. It is estimated that the continent loses over US$4 billion worth of soil nutrients each year, severely eroding its ability to feed itself. Yet farmers neither have access to fertilizers nor can they afford inputs needed to add life to their soils. No region of the world has been able to expand agricultural growth rates and tackle hunger without increasing fertilizer use.
Africa's fertilizer use averages only eight kilograms per hectare, that is, only 10% of the world's average. Addressing Africa’s fertilizer crisis therefore requires urgent and bold actions. As African leaders convened in Abuja, they were keen to show their strong and unanimous commitment to achieve the African Green Revolution by taking immediate actions to solve Africa’s fertilizer crisis.
The Fertilizer Fund is designed to mobilize and pool resources to finance, in particular, fertilizer production, distribution, procurement and use in Africa.
The Fertilizer Fund's resources shall be devoted primarily to: