Africa: Nigeria and All of Africa Should Be Proud of the Legacy of African Development Bank's President Akinwumi Adesina--Says WTO Director General Ngozi Okonjo-Iweala

World Trade Organization Director-General Dr. Ngozi Okonjo-Iweala has paid glowing tribute to African Development Bank President Dr. Akinwumi Adesina as he concludes his… Read more »

Nigeria: African Development Bank and Nigeria Sign $500 Million Protocol Agreement to Extend Nigeria Trust Fund for 15 Years

The African Development Bank Group and the Federal Government of Nigeria have signed a protocol agreement committing $500 million over 15 years to extend the Nigeria Trust Fund… Read more »

Nigeria: Development Bank of Nigeria Visits African Development Bank to Benchmark Sustainability and Resilience Into Financing

A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters in Abidjan, Cote… Read more »

Nigeria: Nigeria - African Development Bank Approves Strategy to Boost Economic Growth

The Board of Directors of the African Development Bank Group has a new five-year Country Strategy Paper (2025-2030) for Nigeria, committing about $650 million annually to drive… Read more »

Nigeria: Nigeria's Cross River State Second to Commence Construction of Its Special Agro-Industrial Processing Zone

Nigeria's Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country's Vice President Kashim Shettima and African… Read more »

Nigeria: Nigeria's Food and Agriculture Revolution Takes Off Backed By the African Development Bank

Nigeria began on Tuesday the journey to significantly transform its food and agriculture sector by launching the construction of the $510 million Special Agro-Industrial Processing… Read more »

Nigeria: Nigeria's Agro-Revolution - Construction of Special Agro-Industrial Processing Zones (Sapz) Begins

Nigeria's food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank, and the State government of Kaduna… Read more »

Nigeria: African Development Bank and Federal Government of Nigeria to Launch Special Agro-Industrial Processing Zones (Sapz) Phase 1

WHAT: The SAPZ Nigeria Phase 1 Implementation Flagoff, a ceremony to commence construction of Nigeria's Special Agro-Industrial Processing Zones (SAPZ) Phase 1. Read more »

Nigeria: African Development Bank and World Food Programme Support Nigeria to Tackle Northeast Food Crisis

In the wake of the devastating floods that hit Borno State in September 2024, the African Development Bank has contributed $1 million from its Special Relief Fund to provide… Read more »

Nigeria: Nigeria's Special Agro-Industrial Processing Zones (Sapz) Phase II, Boosted With a Whopping $2.2 Billion Investment Interest At the Africa Investment Forum (Aif) 2024

The African Development Bank Group facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during… Read more »

Nigeria: African Development Bank's Afawa Initiative Teams With African Guarantee Fund, Bank of Industry for $50 Million Financing Agreement Targeting Nigerian Small and Medium Enterprises

The African Development Bank Group's Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a new $50 million financing agreement to provide… Read more »

Nigeria: African Development Bank and Partners Plan to Make Abidjan-Lagos Corridor Highway a Potent Economic and Industrial Hub

The Abidjan-Lagos corridor highway will link the cities of five major West African countries by 2030, and is set to become a powerful economic and industrial hub courtesy of the… Read more »

Nigeria: African Development Bank's $100 Million for Nigeria's Young Entrepreneurs, As Adesina Warns Country Is Losing Its Talent

The African Development Bank Group President and Chairman of the Boards of Directors Dr Akinwumi Adesina has warned that young Nigerians were voting with their feet and leaving the… Read more »

Nigeria: Nigeria - African Development Bank Approves $100 Million to Support Youth and Women-Led Msmes

The African Development Bank has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth… Read more »

Nigeria: African Development Bank Group and Nigerian Government to Accelerate Special Agro-Industrial Processing Zones (SAPZ) Program

What: High-Level Dialogue on Accelerating the Implementation of the Special Agro-Industrial Processing Zones (SAPZ) program in Nigeria Read more »

Nigeria: African Development Bank Group Approves $500 Million Loan to Boost Electricity Access in Nigeria

The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic… Read more »

Nigeria: Nigeria's Food Importation Policy Could Destroy Country's Agriculture, Warns Akinwumi Adesina

The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria's government to allow massive food importation risks destroying the… Read more »

Nigeria: Nigeria - African Development Bank and Infrastructure Credit Guarantee Company Limited Sign $15 Million Agreement to Enhance Infrastructure Financing

The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen… Read more »

Nigeria: African Development Bank Invests $1.44 Billion to Support Infrastructure Development in Nigeria

The African Development Bank has invested $1.44 billion to support the development of energy and power, transport, water, and sanitation infrastructure in Nigeria. Read more »

Nigeria: African Development Bank, Government of Nigeria, IFC and Unitaid to Hold 2024 Industry Engagement 'Access to Health Innovation' Forum in Lagos

What: An Industry Engagement Forum on unlocking healthcare value chains and driving investment through partnerships: Accelerating equitable access to quality-assured sustainable… Read more »

Nigeria: Africa Energy Market Place - Towards Nigeria's Sustainable Energy Future - Policy, Investment, and Regulation

What: The 8th Africa Energy Market Place (AEMP) Read more »

Nigeria: Nigeria - African Development Bank Signs $75 Million Loan Agreement to Boost Indorama's Fertilizer Production and Export Capacity

The African Development Bank has signed a $75 million loan agreement with Nigeria's Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its… Read more »

Nigeria: African Development Bank Approves $50 Million Loan to Support Climate Change Resilience, Improve Livelihoods and Boost Food Security in Nigeria's Yobe State

The Board of Directors of the African Development Bank Group approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project (ECCAP) to enhance… Read more »

Nigeria: African Pharmaceutical Technology Foundation and Pharmaceutical Institute Partner to Strengthen Nigeria's Pharmaceutical and Vaccine Manufacturing Capacity

The African Pharmaceutical Technology Foundation (APTF) and Nigeria's National Institute for Pharmaceutical Research and Development (NIPRD) will work together to revolutionize the… Read more »

Nigeria: African Pharmaceutical Technology Foundation and Nigeria's National Institute for Pharmaceutical Research and Development Partner to Address Country's Pharmaceutical and Vaccine Gap

WHAT: High-Level Meeting on addressing technology gaps in Nigeria's pharmaceutical and vaccine sector Read more »