AfDB Gives Nigeria $300m To Tackle Youth Unemployment   The Federal Government on Thursday said the African Development Bank has approved a $300m loan to contribute to job creation, food security and nutrition, rural income generation and improved livelihood for youths in both urban and rural...

AfDB Sees 3.8% GDP Growth For West Africa   The African Development Bank has predicted an average growth rate of 3.8 per cent in the Gross Domestic Product of West Africa economies. The bank made the prediction in its publication, ‘African Economic Outlook’, which now comes in...

The African Development Bank is focusing on Nigeria’s aviation sector as it provides financial assistance of over $2bn for the development of aviation infrastructure in different countries. According to the Federal Government, the commitment by the AfDB to focus on Nigeria’s aviation sector was made...

President of African Development Bank (AfDB), Akinwunmi Adesina says the bank’s total active portfolio in Nigeria has grownto over six billion dollars. Adesina who revealed this in an interview on Wednesday in Abuja, said“The bank supports Nigeria very strongly. “When Nigeria was going through a tough...

African Development Bank (AfDB) has restated its continuous effort to supported the federal government’s economic recovery efforts, denying reports it had cancelled a $400 million loan to Nigeria. Reuters news agency had reported that the Bank called off negotiations for a loan to Nigeria that...

The African Development Bank has canceled a loan to Nigeria that would have helped financed the country’s budget, the Vice-President for Power, Energy, Climate Change and Green Growth, AfDB, Amadou Hott, has said. He also said the bank would likely be redirecting the money to...