African Development Bank’s lifeline lifted Nigeria out of recession, sent positive signal to markets

The African Development Bank provided a much-needed lifeline at a time when it was difficult to secure budget support loans from anywhere else, as the country struggled with the 2015-2016 economic recession, the Nigerian Government has said. Speaking to a large audience of senior government officials, private sector, and development agencies as he commissioned the Bank’s world-class office complex in Abuja, Nigeria’s Vice-President, Yemi Osinbajo, said the Bank had faithfully filled its role as a trusted advisor and an honest broker in the region and has earned its place as the voice of Africa on development issues.

Nigeria makes formal request to host Bank’s regional office | Read President Adesina’s speech

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