The African Development Bank (AfDB) has reaffirmed its commitment to Nigeria’s economic revival, unveiling bold initiatives to accelerate growth, create jobs, and strengthen key sectors. During a high-level meeting in Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, praised the AfDB’s strategic interventions as a catalyst for national development.
Leading the AfDB delegation, Dr. Abdul Kamara, Director General of the Nigeria Country Department, announced the launch of a new Country Strategy Paper, outlining key investment priorities.
Director of Information and Public Relations in the Federal Ministry of Finance, Mohammed Manga in a statement quoted Kamara to have listed investment priorities to include, Expansion of the National Agricultural Growth Scheme (NAGS – Phase II) to boost food production and agribusiness, Development of Special Agro-Industrial Processing Zones (SAPZ) to drive value addition and rural industrialization and Strengthening of the Youth Enterprise Investment Fund (YEIF) to fuel entrepreneurship and job creation.
Mr. Edun lauded AfDB’s focus on agriculture, infrastructure, and youth empowerment, stating: “Nigeria’s economic transformation requires strong partnerships, and the AfDB’s commitment underscores its role as a key ally in our growth agenda.”
With these strategic investments, Nigeria is set to unlock new economic opportunities, reduce unemployment, and enhance its global competitiveness. The AfDB’s unwavering support signals a new era of collaboration aimed at delivering long-term prosperity for the nation.
