AFDB’s Investments In Nigeria Stands At $4.5bn — Official - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Abubakar Abubakar
April 25, 2019
The African Development Bank, AfDB says its level of investment in Nigeria stands at 4.5 billion dollars as at March 2019.
Media Relations Officer of the bank, Emeka Anuforo, made this known in a statement in Abuja, on Thursday.
Anuforo explained that the Bank’s active portfolio in the country comprised 60 operations, which included 28 public-sector operations.
Meanwhile, the media relations officer said the AfDB’s President, Akinwumi Adesina, who visited President Muhammadu Buhari on Tuesday in Abuja, thanked him for his support to the Bank and pledged the AfDB’s commitment to fast-tracking Africa’s development.
He said that Adesina also highlighted several reforms at the Bank and strategic efforts to move the Bank’s operations closer to countries.
He said, following Nigeria’s request to the Bank, Adesina reported that the United Nations Secretary-General, Antonio Guterres, had accepted to co-chair a multi-billion fund-raising session to revive the Lake Chad, a strategic effort that had major climate, economic, agricultural and employment implications for the region.