The African Development Bank has said that its level of investment in Nigeria stands at 4.5 billion dollars as at March, 2019.
Mr. Emeka Anuforo, Media Relations Officer of the bank made this known in a statement in Abuja on Thursday.
Anuforo explained that the bank’s active portfolio in the country comprised 60 operations which included 28 public sector operations.
‘At the end of March, 2019, the bank’s active portfolio in Nigeria comprises 60 operations with total commitments of 4.5 billion dollars.
‘These include 28 public sector operations with total commitments of 1.7 billion dollars (21 national and seven regional); 34 non-sovereign operations with total commitment of 2.8 billion dollars,’ he said.
Meanwhile, the media relations officer said the AFDB’s President, Akinwumi Adesina, who visited President Muhammadu Buhari on Tuesday in Abuja thanked him for his support to the bank and pledged the AFDB’s commitment to fast-tracking Africa’s development.
He said that Adesina also highlighted several reforms at the bank and strategic efforts to move the bank’s operations closer to countries.
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Anuforo quoted Adesina as saying that ‘the bank’s robust operations in Nigeria have had significant results and impacts on the ground, and continued to accelerate the country’s economic transformation as well as improved the lives of millions,’ he said.
He said following Nigeria’s request to the bank, Adesina reported that the United Nations Secretary-General, Antonio Guterres, had accepted to co-chair a multi-billion fund-raising session to revive the Lake Chad, a strategic effort that had major climate, economic, agricultural and employment implications for the region.
Samson Oyedeyi
