As of 31 October 2025, the active portfolio of the African Development Bank Group in Nigeria comprised 52 projects with a total commitment of $5.1 billion.
Stakeholders have advocated for a transition to a more production-based economy for Nigeria to achieve its $1 trillion economy target by 2030.
The African Development Bank Group and leading representatives of Africa’s private sector have agreed to strengthen dialogue and deepen collaboration to drive the continent’s development.
Mr Adesina said that the transaction underpinned the African Development Bank’s forward-looking approach to capital and risk management.
According to the bank, the initiative aims to connect 300 million people in Sub-Saharan Africa to electricity by 2030.
Inaugurated in April 2024 by the AfDB and the World Bank, Mission 300 sought to provide electricity access to 300 million people in Sub-Saharan Africa by 2030.
According to him, AIF has mobilised over 180 billion dollars in investment interest since its launch in 2018.
The first phase of the Nigeria SAPZ program is expected to unlock about $1 billion in private-sector investments.
New programme to support the development of 250GW of installed electricity capacity by 2050.
“The initiative will help private capital flow from institutional investors into climate and environmental projects.’’
