Dr Akinwumi Adesina
Nigeria has urged the African Development Bank, AfDB, to lead the fight to end extreme poverty ravaging conflict affected states in Africa by 2030.
Buhari to inaugurate AfDB's complex in Abuja today - President Muhammadu Buhari will today inaugurate the new office complex of the African Development Bank (AfDB) in Abuja.
"We think being the largest shareholder of the Bank since inception, and the Country with one of the largest portfolio of its projects, Abuja - Nigeria is the natural and logical place for the Bank's regional hub".
Economic growth in Africa picked up steam a year ago and is set to accelerate strongly in 2018, but "massive investments" are needed in infrastructure, the African Development Bank (ADB) said Wednesday.
"The bank's support will help the government's reform agenda, provide further fiscal space to help the most vulnerable segments of the population, and improve the quality of life and well-being of its citizens", Abdoulaye Coulibaly, Acting Director of the bank's Governance and Public Finance Management Coordination Unit, said in a statement by AFDB.
"Through this investment, AfDB has made Nigeria the first regional member to host the Bank-owned office complex", the minister said.
He announced the Bank would organise the Africa Investment Forum in Johannesburg later this year to come up with the money.
Steve Sarkisian will return as Atlanta Falcons OC
And credit to Quinn for acknowledging that it was a mistake. "And from myself, some calls that I'd like to have back", Quinn said. I have no issue with making changes. "But I have no interest in making change just for the sake of change".
Household spending at pre-crisis levels
These three regions were the only regions of the United Kingdom that had recreation and culture as the top spending category. Recreation and culture was the second highest spending category, accounting for £73.50 a week of average household spending.
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Describing Nigeria as the bank's strong ally with a long-standing relationship that has resulted in several beneficial outcomes, the minister said her wish was for continued cooperation and collaborative engagement.
President Buhari thanked President and Board of Directors of AfDB for their support to Nigeria at a very hard time during the 2015/16 economic recession. The first tranche of $600 million has been fully disbursed and utilised and in my discussion with the project implementation teams which is sector by sector, I'm satisfied that the funds have been dutifully deployed. "That singular act gave the country's foreign reserves the much needed boost, which helped stabilise the Nigerian currency", she said.
"AfDB strongly support Nigeria and will always".
The Minister of Finance, Mrs. Kemi Adeosun, has called on the African Development Bank to assist countries on the continent to mobilise resources for the development of their economies.
"The Bank's portfolio in Nigeria is now about $6 billion".
"The Bank's portfolio in Nigeria is now about $6 billion and we expect these investments to grow to $8 billion by the 2019,"he said".
Adesina disclosed that the bank had invested $500 million in the Development Bank of Nigeria and would also be committing $200 million in the Transmission Company of Nigeria.
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