On Saturday, August 2, 2025, the inauguration of the Oyo State Special Agro-Industrial Processing Zone (SAPZ) was held in Ijaiye, in the local government area of Akinyele, in the local government area of Akinyele, on Saturday, August 2, 2025. The event took place under the collaboration of the Federal Government of Nigeria, the Government of the State of Oyo and the African Development Bank.

Nigerian Vice President Kashim Shettima, African Development Bank Group President Akinwumi A. Adesina, and Oyo State Governor Seyi Makinde presided over the inauguration ceremony in the presence of senior officials, development partners and private sector leaders.

Established by the African Development Bank, the Special Areas for Agro-Industrial Transformation (SAPZ) program is an essential link in the Bank Group's “Feeding Africa” strategy. The vision of this program is to transform Nigeria's rural economy by facilitating agro-industrialization, market access and attracting private investment. SAPZ underlines the commitment of the African Development Bank Group to foster balanced agro-industrial development at the regional level throughout

The first phase of the SAPZ program in Nigeria covers seven federated states in addition to the Federal Capital Territory (TCF). These are the states of Kaduna, Cross River, Oyo, Ogun, Ogun, Ogun, Ogun, Ogun, Kun, Kun, Kwara, and Imo for a total of $538 million in funding co-financed by the African Development Bank, Islamic Development Bank (IDB), the International Fund for Agricultural Development (IDB), the International Fund for Agricultural Development (IFAD) and contributions from the Federation of Nigeria and the