March 20, 2017
Nigeria: "Face the Future With Courage and Determination," Adesina Tells Nigerian Youth
In a ceremony to mark the 28th graduation ceremony of the Federal University of Technology Akure (FUTA), on Saturday, March 18, 2017, Akinwumi Ayodeji Adesina, President of African… Read more »
March 14, 2017
Nigeria: AfDB Participates in International Women's Day Activities in Nigeria
The African Development Bank partnered with the Nigerian Ministry of Women Affairs and several development partners (UN-Women, United Nations Development Program, Oxfam, The… Read more »
December 16, 2016
Africa: Africa50 to Develop Solar Power in Nigeria
Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria. The project,… Read more »
Africa: AfDB Group Provides USD $250 Million to Support Enable Youth Nigeria Program
The Board of Directors of the African Development Bank Group (AfDB), has approved the ENABLE Youth Nigeria program, and will provide a USD 250 million loan, to contribute to job… Read more »
Africa: AfDB Approves USD $80 Million Loan and USD $20 Million Equity to Kainji and Jebba Hydro Power Project in Nigeria
The Board of Directors of the African Development Bank (AfDB or the Bank) has approved a financing package of USD 100 million, comprising USD 80 million loan and USD 20 million… Read more »
December 14, 2016
Nigeria: AfDB Approves USD$ 250 Million Loan and Eur 5 Million Grant for Rebuilding, Recovery and Stabilization in North East Nigeria
The Board of Directors of the African Development Bank Group (AfDB), has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million… Read more »
December 09, 2016
Africa: Nobel Laureate Eric Maskin Addresses Issues of Globalization and Inequality At 11th African Economic Conference
On Day 1 of the 11th African Economic Conference in Abuja, Nigeria, Prof. Eric Maskin of Harvard University and co-recipient of the 2007 Nobel Prize in economics made a short… Read more »
December 07, 2016
Africa: African Economic Conference Closes With Call for Agriculture to Be At the Centre of Africa's Development
The 11th African Economic Conference (AEC) wound up in Abuja, Nigeria on Wednesday, after three days of intensive discussions on how African countries can achieve… Read more »
December 05, 2016
Africa: African Economic Conference Opens in Abuja - Agricultural Transformation On the Agenda
The 11th African Economic Conference (AEC) kicked off in Abuja, Nigeria, on Monday with a consensus on the need to scale up the continent’s agricultural… Read more »
Africa: Opening Speech Delivered By Dr. Akinwumi Adesina, President of African Development Bank, At the African Economic Conference, Abuja, December 5, 2016 On "Feed Africa - Towards Agro-Allied Industrialization for Inclusive Growth"
Good morning! I wish to warmly welcome you all to this African Economic Conference, being held in Abuja. Unlocking the potential of agro-industrial development across all of Africa… Read more »
November 30, 2016
Africa: AfDB and United Bank for Africa PLC Sign U.S.$ 150 Million Line of Credit
The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and… Read more »
November 24, 2016
Nigeria: The African Development Bank Group Appoints Mr. Ebrima Faal As Director, Nigeria Country Office
The African Development Bank is pleased to announce the appointment of Mr. Ebrima Faal as the Director for the Nigeria Country Office with effect from 1 December 2016. The Nigeria… Read more »
November 08, 2016
Nigeria: AfDB Approves U.S. $1-Million Grant to Finance Nutrition Campaign in Nigeria's Borno State
Executive Directors of the African Development Bank (AfDB) on Friday, November 4, 2016 approved a US $1-million emergency assistance grant to support the fight against malnutrition… Read more »
November 03, 2016
Nigeria: AfDB Launches Fashionomics At Lagos Fashion and Design Week in Nigeria
The African Development Bank launched "Fashionomics", a platform to develop the African fashion industry for jobs creation, at Lagos Fashion and Design Week, which opened Friday,… Read more »
November 02, 2016
Africa: AfDB Supports Nigeria's Economic Governance Programme
Executive Directors of the African Development Bank (AfDB) on Wednesday, November 2, 2016 approved a US $600-million loan, being the first tranche of a US $1-billion budget support… Read more »
September 30, 2016
Nigeria: "Nigeria Is Too Big to Fail" - Adesina Tells Private Sector
"The Nigerian Private sector has a critical role to play to help the country come out of the present recession," African Development Bank President, Akinwumi Adesina, said in Abuja… Read more »
September 28, 2016
Africa: Abidjan-Lagos Corridor Coordination Meeting Ends With Calls for Accelerated Implementation and Recognition of Challenges Ahead
A regional corridor meeting, held in Abidjan, on the Abidjan-Lagos Corridor concluded Monday with calls for renewed commitment, accelerated implementation while also recognising… Read more »
September 27, 2016
Nigeria: Adesina Stresses Need for Nigeria to Incentivize its Way Out of Recession
Nigeria must reap the “dividends of devaluation” - AfDB to stand by Nigeria with increased financial support Read more »
Nigeria: AfDB President Begins First Official Visit to Nigeria
Adesina meets Economic Team, commends authorities for bold steps taken, and announces emergency grant for Internally Displaced People Read more »
Nigeria: Adesina Stresses Need for Nigeria to Incentivize its Way Out of Recession
Nigeria must reap the "dividends of devaluation" - AfDB to stand by Nigeria with increased financial support Read more »
September 23, 2016
Africa: AfDB President Akinwumi Adesina to Visit Nigeria to Strengthen Partnership With Major Shareholders
Akinwumi Adesina, President of the African Development Bank (AfDB), will visit Nigeria from September 26-28, 2016, on his first official visit to the country since his appointment… Read more »
August 04, 2016
Africa: AfDB Makes USD 9 Million Equity Investment in Fund for Agricultural Finance in Nigeria
The African Development Bank has approved a USD 9 million equity investment (approximately 12% of the fund's capitalisation) in the Fund for Agricultural Finance in Nigeria (FAFIN)… Read more »
Nigeria: African Economic Outlook 2016 Launched in Nigeria
The 2016 African Economic Outlook (AEO) was launched by the Nigeria Country Office of the African Development Bank at an outreach event held at the Ahmadu Bello University in… Read more »
July 20, 2016
Nigeria: Nigeria National Council On Power Adopts the Sustainable Energy for All Action Agenda
The Nigeria National Council of Power (NACOP) has adopted the country's Sustainable Energy for All (SE4All) Action Agenda during its 2nd edition that took place in Kaduna City from… Read more »
June 29, 2016
Nigeria: AfDB Approves Trade Finance Loans to First Bank of Nigeria and FSDH Merchant Bank, Nigeria
The Board of Directors of the African Development Bank (AfDB) approved on Monday, June 27, 2016, in Abidjan, US $300-million and US 50-million Trade Finance Loans to First Bank of… Read more »
