The Securities and Exchange Commission (SEC) says the money required to develop the country could only be sourced from the capital market.
African leaders say as global uncertainty rises, there is an urgent need for bold, collective action to secure Africa’s economic future and foster resilience.
Ms Owino said, “The World Bank is coming on board, riding on the back of IMF receipts. The AfDB is already on board.”
The AfDB president, Akinwumi Adesina, commended Mr Higgins for his longstanding commitment to Africa’s development.
The Japan International Cooperation Agency has supported the African Development Fund with a landmark ¥51.67 billion ($421 million) concessional donor loan.
Mr Namadi emphasised the state’s commitment to expanding wheat cultivation and said plans were underway to scale production.
The project would be implemented under the Livestock Productivity and Resilience Support Project (LPRES).
Mr Shettima assured the delegation of maximum support from the council and the state governors.
AfDB’s director-general for West Africa, Lamin Barrow, says the banks’ cumulative financing approval in Nigeria is $10.9 billion.
Nigeria’s and other West African countries’ growth rates are projected to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025.
