Dr Akinwumi Adesina, the President African Development Bank (AfDB), says Fuel subsidy is killing Nigeria’s economy, costing it 10 billion dollars alone in 2022. Adesina, who said this at a lecture in Abuja, said Nigeria’s fuel subsidies benefit the rich…
Dr Akinwumi Adesina, President, African Development Bank, has urged President-elect Bola Tinubu to ensure inclusiveness, fairness, equity, and justice when he assumes office. . Adesina, who spoke at a Lecture in Abuja, said it was important for Tinubu to rise…
By Ibiyemi Mathew The African Development Bank (AfDB) has warned Nigeria and other economies of Africa that weakened demand for financial services could increase the risks to financial stability as African central banks raise interest rates. Recall that the Central Bank…
African Develop ment Bank (AfDB) , yesterday, lamented the devastating effects of climate change in several poor African countries, saying the continent would require $2.7 trillion in interventions by 2030 to adapt. The development bank, which took a swipe at…
African Development Bank (AfDB) Group President, Akinwumi Adesina, said Africa will need about 2.7 trillion dollars by 2030 to finance climate change. Adesina said this at the on-going 2023 AfDB Annual Meetings in Sharm El Sheikh, Egypt on Monday. The…
The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors. In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina said…
President of the African Development Bank (AfDB), Akinwumi Adesina, has dismissed claims that he is running for the presidency. Recall that a coalition of 28 groups had purchased and submitted the nomination form of the All Progressives Congress (APC) on…
President, African Development Bank (AfDB), Dr Akinwumi Adesina, disclosed that cost of bread is now beyond the reach of many households in Africa due to food price increases caused by the Russia-Ukraine conflict. The President of the Bank’s Group said this…
The President of the African Development Bank Group, Akinwumi Adesina, has said that Africa faces an infrastructure gap of between $68bn to $108bn annually. According to him, the bank had committed over $44bn to infrastructure across the continent in the…
By FEMI ADESINA Anytime he traverses the land, air or sea like a troubadour, he must bring good tidings. Each time the Nigerian President of the African Development Bank (AfDB) comes to see President Muhammadu Buhari, he never comes empty…
