"African farmers urgently need high-quality seeds and inputs before the planting season begins in May to immediately boost food supplies," the bank says.
African Development Bank Group president Dr Akinwumi Adesina says: "Food aid cannot feed Africa. Africa does not need bowls in hand. Africa needs seeds in the ground, and mechanical harvesters to harvest bountiful food produced locally. Africa will feed itself with pride for there is no dignity in begging for food."
The facility has benefited from stakeholder consultations, including those with fertiliser producers and separately with African Union agriculture and finance ministers earlier this month.
The ministers agreed to implement reforms to address the systemic hurdles that prevent modern input markets from performing effectively.
The African Development Bank’s $1.5bn strategy will lead to the production of 11 million tonnes of wheat; 18 million tonnes of maize; 6 million tonnes of rice; and 2.5 million tonnes of soybeans.
The facility will provide 20 million farmers with certified seeds, fertiliser, and extension services. It will also support market growth and post-harvest management.
The AfDB will provide fertiliser to smallholder farmers across Africa over the next four farming seasons, using its convening influence with major fertiliser manufacturers, loan guarantees, and other financial instruments.
The facility will also create a platform to advocate for critical policy reforms to solve the structural issues that impede farmers from receiving modern inputs. This includes strengthening national institutions overseeing input markets.