AfDB’s total commitment to Nigeria hits $5bn

Okechukwu Nnodim

“Of the total active operations, 29 were in the public sector, with a commitment of $2bn and 32 non-sovereign operations with a total commitment of $3bn, equivalent to 57 per cent of the total portfolio,” it said.

The bank said the 2020-2024 CSP identified supporting infrastructure development and promoting social inclusion through agribusiness and skills development as key priority areas for Nigeria. The bank said under the CSP, it would deploy a combination of sovereign and non-sovereign financing instruments to support the two priority areas, including investment and institutional support projects, evidence-based analytical work in numerous economic sectors, policy dialogue and provision of advisory services.

It added that the country strategy fully aligned with the bank’s 10-year strategy, the High 5 priorities and Nigeria’s own Economic Reform and Growth Plan, as well as the global Sustainable Development Goals.

BJRewane It’s a bank, anyone can own a stake. Nigerians own banks abroad.

The thing that rather bothers me in this tango is how a bank was founded with Africa bn the name and USA has second largest stake in it next to Nigeria . Mental slavery and neocolonialist tenets

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