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AfDB
Africa Development Bank (AfDB) and its partners have mobilized $2.2 billion (about ₦3.4 trillion) to implement special agro-industrial processing zones in Nigeria. The outgoing President of AfDB, Dr. Akinwumi Adesina, disclosed this in a paper presented at the 2025 Standard Chartered Bank Africa Summit in Lagos. According to Adesina,...
By JOHN ONAH, Abuja – African Development Bank (AfDB) has lauded the leadership of Governor Ahmed Usman Ododo for his administration’s commitment to advancing agriculture and food security, as Kogi State looks set to benefit from the Bank’s Special Agro-Industrial Processing Zones (SAPZ) programme. This was disclosed during a...
By MBAFAN ADE, Abuja- Federal Government, in collaboration with the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the Abia State Government, has launched a transformative $263.8 million Integrated Infrastructure Development Project aimed at revolutionizing urban infrastructure, improving mobility, and fostering sustainable growth in Abia State. The...
By PAUL EJIME – Mauritania’s Dr Sidi Ould Tah, elected the 9th president of the African Development Bank (AfDB) Group on 29th May 2025, is an economist with an impressive track record and experience in international finance and banking. However, his coming coincides with a period of a fragmented and conflict-prone world, with...
Nigeria has reaffirmed its commitment to Africa’s economic development with a fresh 500 million dollars contribution to the Nigeria Trust Fund (NTF). Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made the announcement at the official signing of agreement at the African Development Bank...
The African Development Bank (AfDB) Group is implementing a three billion programme for quality health infrastructure, and another three billion dollars programme for development of local pharmaceutical manufacturing capacity in Africa. President of the bank, Dr Akinwunmi Adesina, said this while presenting his scorecard in the last 10 years...
President of the Africa Development Bank (AfDB), Dr Akinwunmi Adesina, has asked for forgiveness from those he may have stepped on their toes in the course of discharging his duty. “No person is perfect or infallible. I have given my very best and made my own mistakes, all with...
The Federal Government has secured a loan facility of 134 million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made this known at the unveiling of the 2024/2025 National...
Dr Akinwunmi Adesina, has said serving as President of the African Development Bank (AfDB) is the greatest honour of his life. Adesina said this at a breakfast meeting held for the media to declare open the AfDB 2025 Annual Meetings in Abidjan. “It has been a decade of relentless...
The outgoing President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has said hundreds of million lives were directly impacted during his 10-year stewardship of the regional development bank. Adesina disclosed this on Monday during a Media Welcome Breakfast that marked the beginning of the 2025 Annual Meetings...
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has urged Nigeria to urgently transform its economy to become a developed country by 2050. Adesina made the call in a statement on Thursday, following his keynote address at Chapel Hill Denham’s 20th anniversary dinner. He said Nigeria must...
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has paid a courtesy visit to former President Muhammadu Buhari to express appreciation for his unwavering support during his tenure at the Bank. Adesina’s second term as AfDB President concludes in September. He said the visit was an opportunity...
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has called for the creation of an Africa-led “Marshall Plan” to rebuild regions devastated by insecurity and conflict across the continent. Adesina, in a statement made available to the News Agency of Nigeria (NAN) on Sunday in Abuja said,...
resident, African Development Bank (AfDB), Dr Akinwumi Adesina, has urged African governments, to prioritise health security, with the same urgency as national defence. Adesina, who said this in a statement issued on Sunday in Abuja, also called for a more equitable global financial system, that supported the continent’s development...
The African Development Bank (AfDB) says it has approved $100 million for the establishment of the Nigerian Youth Entrepreneurship Investment Bank. President and Chairman, Board of Directors, AfDB, Dr Akinwumi Adesina, said this in Abuja on Friday, when he delivered the 14th Convocation Lecture of the National Open University...
The African Development Bank’s President, Dr Akinwumi Adesina, has said implementation of the Special Agro-Industrial Processing Zones (SAPZs) in Nigeria would reduce food imports, strengthen the Naira, and generate millions of jobs. Adesina stated this on Thursday in Calabar, Cross River, at the groundbreaking of the SAPZ project on...
By AMOS MATHEW, Kaduna – The Vice President, Kashim Shettima, has noted that the implementation of the Special Agro-Industrial Processing Zone (SAPZ) in Kaduna State is due to Governor Uba Sani’s result-oriented leadership. The Vice President who made this known at the groundbreaking ceremony of the SAPZ at Dakin...
By AMOS MATHEW, Kaduna – President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has disclosed that Kaduna State is leading the way as the first to launch the Special Agro-Industrial Processing Zone (SAPZ) in Nigeria. Speaking when he paid a courtesy call at Sir Kashim Ibrahim House...
African Development Bank (AfDB) has invested over $8 billion in water infrastructure across 40 African countries since 2000, benefiting more than 92 million people. Director, Water Development and Sanitation Department, AfDB, Mr Johannes Chirwa, said this at the African Ministers’ Council on Water (AMCOW) West Africa sub-regional meeting in...