Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership March 6   Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Dr. Akinwumi Ayodeji Adesina, will be formally honoured and presented with the...

AfDB Begins Disbursement of $540 million for SAPZs Initiative African Development Bank (ADfB) has commenced the first phase of the disbursement of $540 million Agro-Industrial Funds for the development of Special Agro-Industrial Processing Zones (SAPZs) in the country. The Senior Special Adviser on Industrialization to the...

AfDB, DMO Partner to Clear Nigeria, others’ Debt The African Development Bank Group and the Debt Management Office have revealed that they are seeking to tackle Nigeria and the African continent’s debt challenges through the formation of a debt managers network Debt sustainability has reached critical...

FG Approves AfDB’s $1bn Loan The Federal Executive Council (FEC) has approved a concessional budget support financing of $1 billion from the African Development Bank (AfDB). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Monday after the federal cabinet meeting...

AfDB Invested Over $10bn in Nigeria in 52 Years   The African Development Bank (AfDB) Group has invested over $10 billion in Nigeria since 1971. This disclosure was made in a statement released by the development bank, coinciding with the visit of seven newly elected North...

AfDB Pledges $618m to Boost Nigeria’s Creative Industry  The African Development Bank has said that arrangements are in the pipeline to disburse $618m for the implementation of Nigeria’s investment in digital and creative enterprise programme. AfDB’s country Director-General for Nigeria, Lamin Barrow made the disclosure on...