Unemployment: FG, AfDB Inaugurate Youth Devt Task   The Federal Government, in collaboration with the African Development Bank, on Tuesday in Abuja inaugurated a task force to tackle the menace of youth unemployment. The committee, to be chaired by the Minister of Labour and Employment, Dr Chris...

Afreximbank, AfDB Propose $.5m To 20 Factoring Firms   Emerging factoring companies in the continent would have increased financing opportunities with a new $500,000 grant scheme pioneered by Africa’s two major multilateral lenders. The African Export-Import Bank (Afreximbank) would now tap into the African Private Sector Assistance...

We'll Help To Bridge $3trn Infrastructure Gap - AFDB   The African Development Bank (AfDB) said it would assist the Nigerian government to bridge its infrastructure gap estimated to cost about 3 trillion dollars in the next 26 years. The Senior Director, AfDB Nigeria, Mr Ebrima...

AfDB: Industrial Production Has Fallen By 41%   Nigeria’s industrial value dropped by 41 per cent between 2012 and this year, the African Development Bank has said. The President, AfDB, Dr. Akinwumi Adesina, said this in a keynote address delivered at the opening ceremony of the 2018...

AfDB: Nigeria, Others Require $1.2tn Annual Investment   Countries in Africa, including Nigeria, require an investment of about $1.2tn annually in order to achieve the continent’s economic development targets, the African Development Bank has said. The AfDB on Tuesday also inaugurated the Africa Investment Forum, a platform...

AfDB Set To Fund Private Health Care In Lagos With $20m     The African Development Bank says its board has approved the support of private health care system in Lagos, Nigeria with a loan of $20m. A statement issued by the bank in Abuja on Monday said...