AfDB has invested over $6bn in Nigeria – Adesina

The President of African Development Bank (AfDB), Adewumi Adesina, on Wednesday says the bank’s total active portfolio in Nigeria is over six billion dollars.
“The bank supports Nigeria very strongly.
“When Nigeria was going through a tough economic time, we led the world actually in rallying support around for a Budget support which we did at 600 million dollars to help build more resilient economy as it shows a better diversified economy.
“If you look at our total active portfolio in the country now, it is over 6 billion dollars.
“Take for example, we invested over 300 million dollars from the private sector part of the bank in Dangote industries – Petro-chemical industries and the fertiliser manufacturing companies.
“We also invested over 100 million dollars in the Indorama fertiliser companies as well; they are looking at us to do more, additional 100 million dollars for them.”
In addition, he said the Bank had been supporting the recovery effort of the Federal Government in the North East.
He also commended President Buhari for the investment made so far in rebuilding the North East.

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