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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.

Categories: 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.

Categories: Nigeria

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.

Categories: Nigeria, Energy & Power

08/11/2018 - Africa’s largest economies are leading the way, investing in equity market and pension funds but more countries need to follow suit to attract much needed foreign institutional investment into the continent.

Categories: Nigeria, South Africa

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.

Categories: Benin, Burkina Faso, Côte d’Ivoire, Guinea, Mali, Niger, Nigeria, Cameroon, Chad, Climate Change

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.

Categories: Côte d’Ivoire, Nigeria, Education, Poverty Reduction

26/10/2018 - In line with its Jobs for Youth in Africa (JfYA) Strategy to boost job creation and entrepreneurship across Africa, the African Development Bank held a breakfast session at the ongoing 24th Nigerian Economic Summit themed, “Education to Employment – Mind the Gap.” The session was a joint event between the Bank, National Universities Commission (NUC), Federal Ministry of Labour and Employment, Siemens, GE, MasterCard Foundation, World Bank, and Nigerian Economic Summit Group (NESG).

Categories: Nigeria, Employment

22/10/2018 - The Afe Babalola University, Ado-Ekiti, Nigeria, has conferred a Doctor of Letters, Honoris Causa on the President of the African Development Bank, Akinwumi Adesina in recognition of his immense contributions to socio-economic development on the continent.

Categories: Nigeria, Education, The President

18/10/2018 - The African Development Bank has approved a US$50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors, including close to a hundred SMEs in manufacturing, health and education.

Categories: Nigeria

17/10/2018 - The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF).

Categories: Nigeria, Private Sector, Infrastructure

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