Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank has said.
The African Development Bank says its level of investment in Nigeria stands at $4.5 billion as at March 2019.
African Development Bank (www.AfDB.org) President Akinwumi Adesina has led a delegation to Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April.
About 370 transformative bank projects valued at $11.3bn were embarked upon between 2010 and 2017 by the African Development Bank in the African region. In 2018, the bank approved innovative financial instruments on 65 projects in fifteen countries valued at $2.8bn. This was disclosed when governors representing the African Development Bank West Africa region held […]
The African Development Bank Group (AfDB) has announced the ban of ALG Global Concept Nigeria Limited from participating in Bank-financed projects for 36 months. The construction company registered in Nigeria, as well as its Managing Director, Mr. Abuharaira Labaran Gero, were slammed with the ban by the Office of Integrity and Anti-Corruption of the Bank. […]
—Says World Not Winning War Against Hunger Tayo Olanipekun The African Development Bank (AfDB) has called on global partners for efforts to lift one billion people worldwide out of hunger. The Bank also announced that it was leading the way by investing $24bn in African agriculture over the next 10 years,according to a statement in […]
The African Development Bank and Food and Agricultural Organisation are set to raise $100m for agriculture in a bid to end hunger and malnutrition and create wealth in Nigeria and other African countries. In a statement issued on Tuesday, the AfDB said both organisations would work together in strategic alliance to raise funds to promote […]
The Federal Government says it has entered into partnership with the African Development Bank (AfDB) to engage more stakeholders in a round-table discussion on youth employment and skill developments. Prof. Stephen Ocheni, the Minister of State for Labour and Employment, said this on Tuesday in Abuja at the inauguration of the task team on Public-Private Round-Table […]
The African Development Bank on Tuesday unveiled a plan to close the $130 billion gap in infrastructure financing in Nigeria and other African countries. The plan, which was unveiled at the Africa Infrastructure Forum Roadshow held in Abuja on Tuesday, will take full shape at the African Investment Forum scheduled to hold in Johannesburg, South […]
The African Development Bank (AfDB) has issued one million dollar grant to the Bank of Agriculture (BOA) to restructure and strengthen its capacity in responding to emerging challenges. Kabiru Adamu, CEO, Bank of Agriculture, who disclosed this in an interview with News Agency of Nigeria (NAN) on Thursday in Abuja, said the bank is working […]