Tag Archives: African Development Bank

A new electricity generating company, Qua Iboe Power Plant, expected to gulp more than $1 billion is to be set up at the Qua Iboe Onshore Terminal in Ibeno Local Government Area of Akwa Ibom State. The Akwa Ibom State Governor, Udom Emmanuel, who disclosed this, while fielding questions from journalists shortly after a meeting in his office with the ...

Nigeria is in a good position for growth this year, so says the African Development Bank. In its economic outlook for 2018, AfDB said that despite slow and difficult recovery from recession and paltry Gross Domestic Product growth in 2017, rising oil prices and output, as well as growing agricultural performance, stand Nigeria in good stead and place it well ...

Vice-President, Yemi Osinbajo, on Thursday, inaugurated the Country Office of the African Development Bank (AfDB). He praised the banks $6 billion portfolio in Nigeria, which enhanced job creation.  He particularly mention his delighted that the bank has been working closely with the Buhari  administration in addressing the challenges facing the people affected by insurgency in the North East and militancy ...

The Country Director, African Development Bank (AfDB),Ebrima Faal,has said that the bank would focuse mostly on power sector in 2018. Faal said this during an interaction with journalists at the newly-built Nigeria Country Department Office, on Tuesday, in Abuja. He said that the new office, to be commissioned on January 18, was the first structure to be designed and constructed ...

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 ...