The African Development Bank says its investment in Nigeria stood at $4.5 billion as of March this year.Mr Anuforo said the bank’s active portfolio in the country comprised 60 operations which included 28 public sector operations.
“These include 28 public sector operations with total commitments of US$1.7 billion ; 34 non-sovereign operations with total commitments of US$2.8 billion,” he said. He said Mr Adesina also highlighted several reforms at the bank and strategic efforts to move the bank’s operations closer to countries.
He said, following Nigeria’s request to the bank, Mr Adesina reported that the United Nations Secretary-General, Antonio Guterres, had accepted to co-chair a multi-billion fund-raising session to revive the Lake Chad, a strategic effort that had major climate, economic, agricultural and employment implications for the region.
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