{"id":31532,"date":"2019-04-25T15:54:03","date_gmt":"2019-04-25T14:54:03","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=31532"},"modified":"2019-04-25T15:54:03","modified_gmt":"2019-04-25T14:54:03","slug":"afdbs-investments-in-nigeria-stands-at-4-5bn-official","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/afdbs-investments-in-nigeria-stands-at-4-5bn-official\/","title":{"rendered":"AfDB\u2019s Investments In Nigeria Stands At $4.5bn \u2014 Official"},"content":{"rendered":"

The African Development Bank says its level of investment in Nigeria stands at $4.5 billion as at March 2019.<\/p>\n

Mr Emeka Anuforo, Media Relations Officer of the bank made this known in a statement in Abuja on Thursday.<\/p>\n

Anuforo explained that the bank\u2019s active portfolio in the country comprised 60 operations which included 28 public sector operations.<\/p>\n

\u201cAt the end of March 2019, the bank\u2019s active portfolio in Nigeria comprises 60 operations with total commitments of US$4.5 billion.<\/p>\n

\u201cThese include 28 public sector operations with total commitments of US$1.7 billion (21 national and seven regional); 34 non-sovereign operations with total commitments of US$2.8 billion,\u201d he said.<\/p>\n

Meanwhile, the media relations officer said the AfDB\u2019s President, Akinwumi Adesina, who visited President Muhammadu Buhari on Tuesday in Abuja thanked him for his support to the bank and pledged the AfDB\u2019s commitment to fast-tracking\u00a0 Africa\u2019s development.<\/p>\n

He said that Adesina also highlighted several reforms at the bank and strategic efforts to move the bank\u2019s operations closer to countries.<\/p>\n

Anuforo quoted Adesina as saying that \u201cthe bank\u2019s robust operations in Nigeria have had significant results and impacts on the ground, and continued to accelerate the country\u2019s economic transformation as well as improved the lives of millions.\u201d he said.<\/p>

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He said, following Nigeria\u2019s 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.<\/p>\n

Anuforo also quoted President Buhari as commending the AfDB for its successes and pledged Nigeria\u2019s continuous support for the institution.<\/p>\n

\u201cI want to recognise the support that the African Development Bank has given Nigeria in recent times.<\/p>\n

\u201cI remember the bank\u2019s critical gesture in 2016 during the difficult period of economic recession through a US$600 million budget support facility.<\/p>\n

\u201cWe appreciate this and assure you that we will continue to work towards a diversified Nigeria,\u201d he stated.<\/p>\n

According to him, Buhari also applauded the bank\u2019s interventions in infrastructure and agriculture, and encouraged the institution to keep supporting countries like Nigeria to grow agriculture as a business through the promotion of agro-industrial zones in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The African Development Bank says its level of investment in Nigeria stands at $4.5 billion as at March 2019.<\/p>\n","protected":false},"author":6,"featured_media":17041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[682],"coauthors":[2391],"class_list":["post-31532","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-afdb"],"yoast_head":"\nAfDB\u2019s Investments In Nigeria Stands At $4.5bn \u2014 Official - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/afdbs-investments-in-nigeria-stands-at-4-5bn-official\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB\u2019s Investments In Nigeria Stands At $4.5bn \u2014 Official - 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