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AfDB President Adesina criticizes border opening for food imports
News

Adesina hails Kaduna’s N74bn agriculture budget

The President of the African Development Bank, Dr. Akinwumi Adesina, has commended Kaduna State Governor, Senator Uba Sani for the impressive increase in the state’s agricultural budget from N1.4 billion to N74 billion. During a courtesy visit to the Governor at the Government House in Kaduna on Tuesday, Adesina commended Governor Sani for his dedication […]

AfDB President Adesina criticizes border opening for food imports
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Nigeria tops list of people without electricity, says AfDB President

The President of the African Development Bank, Akinwunmi Adesina, has revealed that Nigeria has the highest population of individuals living without electricity in the world. Speaking at the 90th birthday celebration of former Head of State General Yakubu Gowon, Adesina noted that approximately 86 million Nigerians lack access to electricity, solidifying the country’s position as […]

AfDB President Adesina criticizes border opening for food imports
News

Adesina outlines key recommendations for strengthening African economies at UNGA

The African Development Bank President, Akinwunmi Adesina has outlined several recommendations for the international community to support the economic growth of African nations. He emphasized the importance of increasing investments in infrastructure, promoting trade partnerships, and enhancing access to financing. Adesina also highlighted the need for technology transfer and capacity building to empower local industries […]

AfDB President Adesina criticizes border opening for food imports
News

Adesina backs Dangote, dares importers to build refineries in Nigeria

President of the African Development Bank, Akinwumi Adesina, has challenged those claiming Aliko Dangote is attempting to dominate the oil business to build their own refineries in Nigeria rather than bringing in fuel and diesel from overseas. This was disclosed in a statement by Adesina on Monday, addressing the conflict between federal oil regulators and […]

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Economy

Fuel Subsidy: Nigeria’s economy lost $10bn in 2022 – AfDB

The president of the African Development Bank, Akinwumi Adesina has said that Nigeria’s economy lost 10 billion dollars due to fuel subsidies in 2022. According to the News Agency of Nigeria, at a speech in Abuja, Adesina claimed that Nigeria’s fuel subsidies assist the wealthy rather than the poor. The poorest 40% of the population, […]

Nigeria needs debt relief - AfDB
News

Nigeria needs debt relief – AfDB

The President of the African Development Bank, Akinwumi Adesina has said that given the current debt situation of Nigeria, the country needs debt relief. According to The PUNCH, Adesina stated this at the Nigeria International Economic Partnership Forum in New York on Thursday. He explained that financing was important to addressing Nigeria’s development problems. He […]

Nigeria needs debt relief - AfDB
Economy

AfDB predicts energy, food price hikes in Nigeria, others

The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy prices, and rising costs of food baskets, could worsen in Africa in the coming months. He said this as a guest at the Atlantic Council’s Africa Center while answering questions from the Council’s Africa Center […]

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