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.
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