39 Million Africans May Fall Into Poverty This Year - AfDB President       President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has warned that another 39 million people in the continent could fall into poverty at the end of this year. Adesina stated this at...

High Unemployment Rate Threatening FG’s Poverty Reduction Plan – AfDB       The Director-General of the African Development Bank Group’s Nigeria Country Department, Mr Lamin Barrow, has said the Nigerian government’s plan to lift 100 million Nigerians out of poverty by 2030 is threatened by the high...

AfDB Appoints Barrow As New DG For Nigeria       The African Development Bank Group (AfDB) has appointed Mr Lamin Barrow as the director-general of its Nigeria office. According to a statement issued by the bank on Tuesday, before his appointment, Barrow was Acting Senior Director, Nigeria Country...

Debt Servicing, Greatest Risk To Nigeria’s Economy – AfDB         The African Development Bank has projected a growth rate of 1.5 per cent for Nigeria in 2021, and a 2.9 per cent growth in 2022. The President, AfDB, Dr Akinwumi Adesina, disclosed this while delivering a speech...

Africa Needs $108bn For Infrastructure Financing – Adesina         The President of the African Development Bank, Dr Akinwumi Adesina, has urged African leaders to tackle infrastructural challenges as an annual estimate of between $64 and $108bn is required to finance the infrastructural gap. According to a statement...

Africa’s Economy To Decline By 3.4% – AfDB       The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said Africa’s economy will decline by 3.4 percent this year. Adesina said this in his remarks after he was conferred with the fellow of the Chartered...