Tinubu applauds AfDB's $520m investment in Nigeria's agro industries

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

President Bola Ahmed Tinubu has applauded an investment of $520 million in specialised agro-processing zones by the African Development Bank (AfDB).

Tinubu, in a statement on Saturday by his special Adviser on special duties, communications and strategy, Dele Alake, praised AfDB’s president, Dr Adewunmi Adesina, for further opening up the economy for investments that provide job opportunities and reduction in poverty.

Speaking with Adesina after the two-day summit on A New Global Financing Pact in Paris, Tinubu said the agro-industrial project strengthens an area of the country’s competitive advantage as he listed other areas of priority that require Foreign Direct Investment . He urged the Bank to inject funds into projects that target women and youth empowerment, while appreciating the AfDB President for his vision of setting up a Youth Entrepreneurship Bank in Nigeria that will provide credit, skills and other support for young Nigerians.

In his remarks, Adesina said: “I commend the President’s foresight, boldness and determination for macroeconomic policy direction by removing the fuel subsidy,’’ he said, adding: “No bird can fly with its wings tied behind. All those steps are signals investors like.’’ In another meeting, President Tinubu received executives of Airbus/ATR, and assured them that the aviation sector would be “streamlined for efficiency’’, especially in maintenance of aircrafts and training.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In Paris, Tinubu Woos Investors, Says Nigeria Ready For BusinessPresident Bola Ahmed Tinubu Thursday in Paris, France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Paris summit: Nigeria ready for global business, says Tinubu | TheCablePresident Bola Tinubu says ongoing reforms will be sustained for a more competitive economy that attracts foreign direct investment (FDI).
Source: thecableng - 🏆 2. / 80 Read more »

Nigeria ready for business, open for investments — TinubuPresident Bola Tinubu, on Thursday, in France, said Nigeria is ready to do business and receive investments from foreign partners.
Source: MobilePunch - 🏆 8. / 63 Read more »