News & Events
05/02/2019 - The African Development Bank and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for a study into a 1,000 kilometre highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos in Nigeria, marking a new step in building regional integration and trade.
23/01/2019 - The African Development Bank Group on January 23, 2019, announces the debarment of ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and its Managing Director, Mr. Abuharaira Labaran Gero, for a period of 36 months.
08/01/2019 - The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have already signed up to ATI membership.
06/12/2018 - The African Development Bank and the Federal Government of Nigeria have launched the Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme ¬ ̶ a US$258 million comprehensive multisectoral intervention aimed at bolstering rehabilitation efforts in north-eastern Nigeria.
- From: 06/12/2018
- To: 06/12/2018
- Location: African Development Bank, Nigeria Country Department, Abuja
In collaboration with Nigeria’s Presidential Committee on the North East Initiative, the African Development Bank is launching the Bank-financed Inclusive Basic Delivery and Livelihood Empowerment Program for North East Nigeria. This important initiative aims at supporting recovery efforts in the region by addressing and investing in critical areas of infrastructure.
03/12/2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities. The Africa Growing Together Fund (AGTF), a US$2 billion facility sponsored by the People’s Bank of China and administered by the African Development Bank, has also approved a US$ 50 Million Loan to the Federal Government of Nigeria to co-finance the project.
07/11/2018 - In a bid to improve the resilience of the people and ecosystems of the Niger River Basin, the Board of Directors of the African Development Bank, has approved US$76 million for the integrated development and climate change adaptation in the Niger Basin.
30/10/2018 - One of Nigeria’s foremost traditional rulers has challenged Africans and development experts to rethink development financing to reach the poorest communities on the continent, to give them access to markets, education and healthcare.