• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

AfDB pledges to offer support to boost Nigeria’s economy

AfDB

The Matters Press by The Matters Press
June 26, 2023
Reading Time: 1 min read
0
Nigeria gets AfDB’s $14m as member of ATI

AfDB

Abuja, June 26, 2023: The President of African Development Bank (AfDB), Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Adesina, made the pledge during a meeting with Nigeria’s President, Bola Tinubu at the New Global Finance Pact Summit in Paris.

The AfDB president, via his verified Twitter handle, @akin_adesina said: “ I had a great meeting with president Tinubu during the New Global Finance Pact Summit in Paris.

“I was impressed by his commitment to bold and sound policies for Nigeria’s economy. The AfDB will strongly support his vision for the Nigerian economy.”

Tinubu commended Adesina and AfDB, for the Bank’s investment of 520 million dollars in the Special Agro-processing Zones Programme, which was reputed as the largest in scope and size in Africa.

He assured the AfDB president that the Federal Government would continue to provide necessary support for the Bank’s projects and operations in Nigeria.

The News Agency of Nigeria (NAN) reports that the Bank’s portfolio in Nigeria comprise of 48 operations for a total commitment value of 4.2 billion dollars.

The national (Federal and States) operations account for 90 per cent of the portfolio, for 41 projects amounting to 3.79 billion dollars, while multinational operations constitute 10 per cent, for seven projects amounting to 0.41 billion dollars.

There are 24 Sovereign Operations (2.36 billion dollars or 56 per cent of total commitments) and 24 Non-Sovereign Operations (1.84 billion dollars or 44 per cent).

A mapping of the portfolio to the High 5s shows a balanced distribution. Industrialise Africa has the highest share (45 per cent).

This is followed by Improve the Quality of Life for the people of Africa (18 per cent), Light up and Power Africa (14 per cent), Feed Africa (13 per cent), and Integrate Africa (10 per cent).

Also, the performance of the Bank’s public sector portfolio in Nigeria has been satisfactory.

Tags: AfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
ECOWAS clamours for free movement

Sovereign investment authority records N160bn growth

NSIA rewards innovators with $60,000, equity investments

Recommended Stories

Nigeria will become major global economy  – Shettima

Nigeria will become major global economy – Shettima

April 18, 2024
Experts seek effective fiscal-monetary policy to tackle recession

Economist dismisses possibility of recession in Nigeria in 2023

January 20, 2023
Experts validate Nigeria’s implementation strategies for success under AfCFTA

Nigeria Federal, states, councils share N1.424 trn in December

January 18, 2025

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us