Tag: AFDB
CALLS TO HALT GAS PROJECT DEFUNDING PLANS GATHER MOMENTUM AS AfDB, US EXPERTS BACK NIGERIA
Oct. 27, 2021 By: Laolu Akande A continental and international rally may have begun in support of Nigeria’s advocacy to halt plans to defund gas projects, just as the global community moves towards the 2050 net-zero emissions target under the United Nations Climate Change agenda. Nigeria has been on the forefront of an international advocacy ...AfDB says Nigeria’s ports need transformation not decongestion
Oct. 12, 2021 … Calls for heavy investment in digital infrastructure Furthermore, Adesina stressed on the importance of the modernisation and transformation of ports in Nigeria. “Ports are not there for revenue generation. They are for facilitating business and exports, and stimulating industrial manufacturing, and competitiveness of local businesses and exports. President of the AfDB, ...AfDB to design, implement bonds for more resources to tackle insecurity in Nigeria
Oct. 12, 2021 The African Development Bank (AfDB) says it is ready to assist Nigeria in the design and implementation of “Security-Indexed Investment Bonds to raise more resources to tackle its security challenges. President of the AfDB, Dr Akinwumi Adesina, said this on Monday at the Mid-Term Ministerial Performance Review Retreat in Abuja. He said ...SUPPORT FOR MSMEs WILL CONTINUE, OSINBAJO ASSURES AT BABCOCK UNIVERSITY INAUGURAL LECTURE
Aug. 9, 2021 A pivotal element of the Buhari administration’s economic direction is providing support to Micro, Small & Medium Enterprises (MSMEs) in order to raise hope, create jobs and opportunities that will produce growth and development in the country This was the summation of Vice President Yemi Osinbajo who was a guest at Babcock ...AfDB to support tech-based MSMEs with $500m – Osinbajo
Aug. 9, 2021 Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises (MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered ...COVID-19: Focus on vaccine production, access – Akinwumi urges African leaders
June 23, 2021 Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) has again urged regional leaders to focus on vaccine production and access for the African continent as the COVID-19 epidemic continues to take lives and hurt economies and livelihoods. Adesina made the call before the Bank Group’s 2021 Annual meetings, scheduled to ...Enugu-Cameroon highway project to be completed this year, constructuon of Abidjan-Lagos corridor to begin in 24 months – AfDB
June 21, 2021 The African Development Bank (AfDB) says the 430 million dollars highway project linking Enugu to Bamenda in Cameroon will be completed this year. The bank, in a statement issued on Monday, said that it was part of its investments in West Africa which currently stood at 16 billion dollars. The statement quoted ...Covid-19: African countries win the race against time with testing laboratories, increased daily testing capacity
June 19, 2021 In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and South Africa, ...Agric/Infrastructure: Senate Approves $1.5bn, €995m External Loans For FG, States
April 21, 2021 The Senate has approved the sums of $1.5billion and €995million external loans for the Federal and State Governments. The Red Chambers gave the approval after considering the report of its Committee on Local and Foreign Debts on the external borrowing plan of the Federal Government. Chairman of the Committee, Clifford Ordia, told ...AfDB working with global, African stakeholders to articulate 2030 vision for Africa’s Pharmaceutical Industry
April 16, 2021 As African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscoring the need to increase local production of vaccines and therapeutics to achieve greater public-health security, the African Development Bank says it is working with global and African stakeholders, to articulate a 2030 ...
