The African Development Bank (AfDB) has approved $1 billion loan towards meeting the deficits in Nigeria’s 2016 Budget, believed to partly responsible for the country’s economic crisis. The loan is provided at 1.2 percent interest rate. AfDB President, Dr. Akinwunmi Adesina, disclosed these to State House correspondents on Monday after meeting with Vice President and […]
Akinwumi Adesina, president of the African Development Bank (AfDB), says the problem with the African continent is not capital but the lack of bankable projects. Speaking at the global infrastructure forum at the International Finance Corporation headquarters in Washington DC on Saturday, Adesina said to tackle infrastructural deficit in Africa, investments have to be made in […]
Nigeria’s Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has thanked the immediate past Minister of Agriculture, Dr. Akinwumi Adesina, for laying a very solid foundation in the agricultural sector. The Minister disclosed this when he received a delegation of the African Development Bank (AfDB) led by the institution’s Vice President in charge of […]
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