AfDB’s director-general for West Africa, Lamin Barrow, says the banks’ cumulative financing approval in Nigeria is $10.9 billion.
AfDB estimated the trade finance gap on the continent to be $81 billion per annum, while a recent study by the WTO and IFC estimated the gap in Nigeria to be $7 billion annually.
Of the $618 fund, $45 million will come from Nigeria through the Bank of Industry.
Akinwumi Adesina, the AfDB president, has been conferred with the National Diaspora Merit Award.
Governor Dikko Radda is seeking the African Development Bank’s (AfDB) support to develop abundant agricultural and renewable energy resources.
The bank said it was important for Africa to hasten the free trade of goods and services within the continent.
The United States says it is committed to strengthening commercial engagement with Nigeria through African Development Bank (AfDB).
The surveillance system is aimed at preserving and protecting the securities market integrity and boosting investors’ confidence.
