AfDB president visits Nigeria

African Development Bank (AfDB) President,  Akinwumi Adesina, will visit Nigeria from September 26 to 28, 2016, on his first official visit to the country since his appointment last year.

A statement from the AfDB in Abuja said Adesina will meet policy-makers, the private sector and development partners to discuss the challenges facing Nigeria and highlight the AfDB’s  commitment to further strengthen its partnership with Nigeria.

The statement quoted Adesina as saying: “I am very much looking forward to my first official visit to Nigeria as President of the AfDB. Nigeria is a vital shareholder and partner for the bank. The Nigerian economy is in a critical phase, and in these difficult times, we have to make sure we all work together to tackle the challenges facing

Africa’s largest economy.” Adesina’s  visit aims to  advance cooperation across a wide range of areas, including how best Nigeria can respond to its current challenges.

In Abuja, he will hold a series of meetings with the leadership of Nigeria, including President MuhammaduBuhari, Minister of Finance Kemi Adeosun, and Central Bank Governor Godwin Emefiele.

The AfDB President will take part in a roundtable discussion with philanthropic leaders and hold discussions with the private sector, as well as development partners. Adesina will also receive an award by the Nigerian Economic Society.

The AfDB has a robust partnership with Nigeria, which is one of the bank’s founders. Nigeria, the biggest shareholder, is also one of the largest beneficiaries of AfDB’s assistance. In 2016, the bank has so far lent US $524,969 million to Nigeria. As of September 2016, the bank has invested about US $7 billion in the Nigerian economy since it began its operations in the country in 1967.

The AfDB in the statement said “it is working closely with the Nigerian government to support its various sectors, including agriculture, infrastructure, energy, transport, water and sanitation.”