Nigeria Lands $1.1bn AfDB Deal to Power 5m People by 2026 Nigeria President Bola Tinubu has acknowledged securing a $1.1 billion fund from the African Development Bank (AfDB) for the provision of electricity for 5 million people by the end of 2026. Tinubu also stated that...

AfDB Partners PowerGen to Generate 120MW of Renewable Energy PowerGen Renewable Energy has partnered with the African Development Bank and other leading international investors to establish a scalable, distributed renewable energy platform. The platform targets deploying 120 megawatts of renewable power in Nigeria and other African...

FG Disburses N32bn to World Bank, Others in 2024 Nigeria fulfilled its membership obligations to international organizations in 2024 by disbursing N32 billion to the World Bank and five other global bodies. According to findings by Economic Confidential, the disbursements, released through the Office of the...

Nigeria Attracts $7.6bn Investments at Africa Forum Nigeria has secured $7.6bn in investment interests at the Africa Investment Forum 2024, which took place in Rabat, Morocco, from December 4 to 6, 2024. The announcement was made by the President of the African Development Bank (AfDB), Akinwumi...

Maimbo Champions Investment-Driven Growth for Africa's Development Dr. Samuel Munzele Maimbo, a leading candidate for the African Development Bank (AfDB) Presidency has laid out his vision for a “Future-Ready Africa”. He unveiled the vision at a forum tagged: “Conversations on Africa’s Development”, which was organized by...

Nigeria, Africa's Debt Servicing Costs Hit $74bn – AfDB   Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity, the Vice President and Chief Economist, Economic Governance and Knowledge Management, African Development Bank Group, Prof...