The African Development Bank Board (AfDB) of Directors has approved $134 million for Nigeria to implement an emergency food production plan, AfDB President Akinwumi Adesina has said. According to him, talks are also ongoing for a $1.7 billion economic and budget support loan as well as the launch of a $1 billion agro-industrial processes in 28 states. Adesina made the …

The African Development Bank (AfDB) has adopted Veritas University, Bwari, Abuja as its Centre of Excellence for Computer Coding for employment in Nigeria, Vice Chancellor of the university, Prof. Hyacinth Ichoku has disclosed. He said that computer coding played a critical role in the modern economy; hence its partnership with AfDB was a significant milestone for the university. Ichoku said …

The African Development Bank (AfDB) has expressed its readiness to provide a 60 million dollars facility to Jigawa Government for the expansion of wheat cultivation in the state. The bank’s Director of Agriculture and Agro Industry, Dr Martin Fregene, said this when an AfDB delegation visited Governor Umar Namadi at his office in Dutse. Fregene, who expressed happiness over the …

The African Development Bank (AfDB) has concluded plans to commence the disbursement of $540 million to the first phase of States in Nigeria for the development of Special Agro-Industrial Processing Zones (SAPZs). Vice President Kashim Shettima called for immediate action, saying it was time for the government and its development partners to walk the talk. These were contained in a …

The African Development Bank (AfDB) Group, and the African Guarantee Fund have made a strong case for the positive impact of increasing women’s financial inclusion on Nigeria’s economy, before an audience of senior Nigerian government and banking leaders in Lagos. The two institutions opened the AFAWA Finance Series Nigeria, part of AfDB’s Affirmative Finance Action for Women in Africa (AFAWA) …

The Federal Government has secured a substantial $163 million loan from the African Development Bank (AfDB) to bolster wheat production in Nigeria. During his visit to Argungu, Kebbi State to pay condolences to the family of the late Sheikh Abubakar Giro Argungu, Vice President Kashim Shettima emphasised the government’s commitment to fulfilling its promises to Nigerians and highlighted the significance …

The Enugu State Government at the weekend took a bold step towards the actualisation of a $30 billion economy in the next four to eight years, as the state successfully hosted an inaugural Enugu State Investment and Economic Growth Stakeholders Roundtable. This was even as the administration of the state governor, Dr Peter Mbah, used the occasion to unveil 30 …

An African initiative to increase solar generation capacity and provide 250 million people across Africa’s Sahel region with electricity access continues to attract financial support from around the world. Launched in 2019 by the African Development Bank (AfDB) Group and its partners, the Desert to Power initiative is designed to make Africa a renewable power house. Desert to Power will develop …

The African Development Bank (AfDB) has said that 440,000 jobs have been created in Nigeria through its interventions. Of this number, women and youths account for 60 percent. AfDB president, Dr Akinwunmi Adesina said at the African Small and Medium Enterprise (SMEs) Immersion Fund Roundtable in Lagos that the bank had supported more than 20,500 MSMEs, with about eight LOCs …

The African Development Bank has drawn $31 billion in investment interest from African and global investors. According to the Communication and External Relations unit of the AfDB, its president, Dr Akinwumi Adesina said this at the 2022 Africa Investment Forum Market Days, which ended on Friday. Adesina commended the forum’s outcomes and the partners’ commitment. “Despite the challenges, we are …