The board of directors of the African Development Bank Group has approved a $200 million loan to scale up priority agricultural investments in Nigeria.
AfDB has supported AUST to strengthen advanced science, technology, engineering and mathematics education and research in Nigeria.
Mr Donkor emphasised the value of larger partners supporting smaller DFIs through co-lending and syndication.
He said that the success of the fund emphasised the urgency for stronger backing.
SAPZ phase two is expected to scale up climate-resilient infrastructure and inclusive agro-industrial growth across an additional 24 states.
Mr Tah said Africa is young, ambitious and restless with potential.
Mr Shettima lauded the visionary leadership of Gov. Seyi Makinde of Oyo.
He said that the importance of the initiative could not be overstated.
The report noted that Nigeria’s tax-to-GDP ratio remains among the lowest in the region.
The report attributed 13 per cent to industry growth, driven by higher oil production, which rose 2.8 per cent to 1.56 million barrels per day in 2024.
