Skip to content
August 2, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Press Releases
  • AfDB prescribes land tax to boost agric in Africa
  • Press Releases

AfDB prescribes land tax to boost agric in Africa

Admin October 17, 2017

The President of the African Development Bank and 2017 World Food Prize Laureate, Dr. Akinwumi Adesina, has called for land tax for unused agricultural land or underutilized agricultural land to provide incentives for faster commercialization of agriculture to unlock its potential in Africa.

According to Adesina who was speaking during his Norman Borlaug Lecture delivered on World Food Day, titled ‘Betting on Africa to Feed the World,’ “Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050”, while he stressed that more than ever before, the world must help Africa to rapidly modernize its agriculture and unlock its full potential.

“Africa sits on 65% of the uncultivated arable land left in the world, so what Africa does with agriculture will determine the future of food in the world,” he emphasized. “African farmers need more than a helping hand. They need a policy lift,” Adesina said.

He also highlighted how the challenge of addressing global food security is greatest in Africa where close to 300 million are malnourished. It is also the only region of the world where the proportion of the population that is food insecure has increased, he said.

The AfDB President paid tribute to Dr. Norman Borlaug, whom the lecture series was named after, and recalled how Africa was the last frontier for the late Borlaug who founded the World Food Prize and was awarded the Nobel Peace Prize in 1970 for a lifetime of work to feed a hungry world.

Adesina stressed that despite the progress globally in food production (including in Africa, Latin America and Asia), the world still has 700 million people languishing in extreme poverty. This, he added, includes 800 million with chronic hunger, 2 billion people with micronutrient deficiency, and 150 million children under 5 years of age who are suffering from stunting.

He described the challenge of feeding the world as immense, with need for rapid increases in global food, feed and biofuel production to feed a global population of 9 billion people by 2050.

“If Dr. Borlaug alone could feed one billion people, we definitely can feed 800 million people globally and we definitely can feed 300 million Africans. Dr. Borlaug would be disappointed if we couldn’t and with all technologies and innovations, from gene revolution to ICT revolution, at our disposal, we won’t be able to face him and say we didn’t.”

Adesina decried the current situation where Africa spends US $35 billion annually on food imports, describing it as unacceptable. By his estimates, if the current trend continues, Africa is estimated to spend US $110 billion by 2030 on food imports.

“There is therefore absolutely no reason for Africa to be a food-importing region. Africa has huge potential in agriculture, but, as Dr. Borlaug used to say, nobody eats potential!”

Unlocking that potential must start with the savannas of Africa which covers “a mind-boggling 600 million hectares of which 400 million hectares are cultivable,” Adesina said.

Africa’s savannas, he said, are better than the savannas of Brazil, because their soils are not acidic and therefore do not need liming, which had to be done at massive scales in Brazil.

“Yet, while the savannas of Brazil feed the world, those of Africa cannot even feed the farmers there,” he lamented. He further highlighted how technologies, innovations, research and development, mechanization, modernization of agriculture, policy support and massive investments in infrastructure made the difference to turn the savannahs of Brazil and those of Northern Thailand into a food powerhouse.

To transform its agriculture, Africa needs to make a decision to develop new agrarian systems −one that combines smallholder farmers with a new dynamic generation of medium and large commercial farmers. He also canvassed land tenure systems that make it easier to get access to land, and for smallholder farmers and their communities to have secure land rights.

A top priority must be to mechanize agriculture in Africa, he added.

Over 1,200 people from more than 65 countries will address cutting-edge issues related to global food security and nutrition at the 2017 Borlaug Dialogue International Symposium, October 18-20, 2017.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Islamic State defeated in its Syrian capital Raqqa
Next I am Committed to people-empowerment,Says Okowa; Opens Ultra-Modern Market

Related Stories

Access Bank Debunks Fake Shutdown Notice, Reaffirms Service Continuity Access Bank rewards customers
  • Press Releases

Access Bank Debunks Fake Shutdown Notice, Reaffirms Service Continuity

July 31, 2026
Lagos Govt Begins Registration of Roadside,  Informal Space Occupants Under SCRAMP Initiative prevention guild
  • Press Releases

Lagos Govt Begins Registration of Roadside,  Informal Space Occupants Under SCRAMP Initiative

July 15, 2026
Peter Obi to Keyamo: Your story is full of lies and false claims
  • Press Releases

Peter Obi to Keyamo: Your story is full of lies and false claims

July 12, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police neutralises suspected bandit in Katsina, recover AK-47 rifle Police
  • National News

Police neutralises suspected bandit in Katsina, recover AK-47 rifle

August 1, 2026
Troops dismantle criminal syndicate operating in South East, South South, recover stolen weapons
  • National News

Troops dismantle criminal syndicate operating in South East, South South, recover stolen weapons

August 1, 2026
Oriire Abduction: Judicial Commission seeks public memoranda ahead of Aug. 14 oyo
  • National News

Oriire Abduction: Judicial Commission seeks public memoranda ahead of Aug. 14

August 1, 2026
67 dead, stores closed, 80,000 residents of Spanish Ceuta confined to their homes
  • International News

67 dead, stores closed, 80,000 residents of Spanish Ceuta confined to their homes

August 1, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.