Friday 13th December 2019
Friday, 13th of December 2019
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Tag Archives: AfDB

N3.38bn AfDB facility to boost potato production in Plateau

irish potatoes

The Ministry of Finance has secured a N3.38 billion loan for Plateau State for the mass production and development of the Irish potato value chain. Briefing State House correspondents after the Federal Executive Council (FEC) meetings on Wednesday, July 26 2017, Finance Minister, Kemi Adeosun, said the loan was secured from the African Development Bank (AfDB) for the development of ...

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Adesina’s emergence as 2017 World Food Prize Laureate hailed

Akinwumi Adesina

Nigeria’s Chargé d’Affaires to the U.S., Hakeem Balogun, and a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, have lauded the emergence of Dr. Akinwumi Adesina as the 2017 World Food Prize Laureate. Balogun and Okonjo-Iweala told the News Agency of Nigeria (NAN) correspondent in the U.S. that Adesina’s selection for the prestigious prize was a great honour for Nigeria. Adesina, who ...

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What Nigeria stands to benefit from youth agric programme, by Adeosun

IITA

Minister of Finance, Kemi Adeosun, has said that Nigeria will benefit by signing up for the African Development Bank (AfDB) funded Empowering Novel Agri-Business-Led Employment (ENABLE Youth) Programme. Nigeria’s signatory to the ENABLE youth programme, according to her, will make the country the third African country coming behind Cameroon and Sudan to benefit from funds under the AfDB Feed Africa initiative. The ENABLE ...

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$177m earmarked for Nigeria under $3.5b Africa ocean economies initiative

Africa-coastline

Africa is once again at the centre of global focus, thanks to an initiative aimed at ensuring that its marine economies are climate-resilient. In the face of a changing global climate, Africa and its coastal communities that rely on the oceans for their food security and livelihoods are considered particularly vulnerable. But succour may just be around the corner, going ...

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AfDB president predicts Dangote will be largest exporter of rice by 2021

Aliko-Dangote

Dr. Akinwumi Adesina, president of the African Development Bank (AfDB), has said that billionaire businessman, Alhaji Aliko Dangote, may become the largest exporter of rice in the world by 2021. Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent. “I remember when ...

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African leaders urged to close continent’s energy deficit

AfDB-APP

Former UN Secretary-General, Kofi Annan, and President of the African Development Bank (AfDB), Akinwumi Adesina, have called on governments to close Africa’s energy deficit. They made the call on Monday, March 13, 2017 in Abidjan, Côte d’Ivoire, at the launch of the Africa Progress Panel Report on “Lights, Power, Action: Electrifying Africa,” which calls for the adoption of every available ...

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AfDB’s ADEA Triennale 2017 to feature Nigerian, Idowu

Olumide-Idowu

The African Development Bank (AfDB) has picked Nigeria youth campaigner and digital media expert, Olumide Idowu, to Manage Social Media and Communications during the upcoming ADEA Triennale 2017 in Senegal later this month. He will support the Social Media and Communications team of Association for the Development of Education in Africa (ADEA) in Senegal. The ADEA Triennale (formerly Biennale) is said to be one ...

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World Bank, AfDB support water scheme in Nigeria

Nyesom-Wike

Water and sanitation program and Importance of clean water. The Rivers State Government, in conjunction with the Port Harcourt Water Corporation (PHWC), has embarked on the implementation a project aimed at providing potable water and sanitation services to residents of Port Harcourt and Obio/Akpor Local Government Authorities (LGAs). The project is part of a sector-wide institutional reform embarked on by ...

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AfDB injects $28.2m into Shelter Afrique

Femi Adewole

Shelter Afrique, the Pan-African housing financier dealing exclusively with the promotion of affordable housing, has received approval for a $28.2 million injection from the African Development Bank (AfDB). This capital injection follows on from the $8.2 million equity investment by AfDB and the commitment made by the bank at the recently concluded extraordinary general meeting held in Nairobi, Kenya last ...

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Propel your way out of recession, Adesina urges Nigeria

Akinwumi Adesina

Akinwumi Adesina, President of the African Development Bank (AfDB), on Monday in Abuja stressed the need Monday for Nigeria to put in place the right incentives to boost private investment, revive growth and move out of recession. He also reassured authorities of the Bank’s unwavering support during these difficult times. “What is needed is not only to spend your way ...

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