A statement issued by the bank on Tuesday said the agreement was signed on September 8.
Speaking at Sahara Group’s 25th Anniversary celebration, Adesina emphasized the need for Africa to achieve universal access to electricity as soon as possible. He urged Sahara Group to sustain its role in setting industry standards for environmental sustainability, spearheading the transition to renewable energy, and accelerating affordable electricity access to low-income households and small and medium size enterprises.
According to SEC, the principal objectives of the project would include the provision of technical assistance and capacity building on selected areas of the Commission’s operations, support implementation of Risk-Based Supervision framework amongst others.
Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun State.
He disclosed this during the Convocation Lecture at the American University of Nigeria, on Saturday.
LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy projects in six countries: Ghana, Guinea, Ethiopia, Kenya, Nigeria and Tunisia.
According to a statement issued by the bank on Tuesday, Lamin Barrow, a Gambian national, joined the African Development Bank in 2000. Prior to his appointment, he was Acting Senior Director, Nigeria Country Office, in the Regional Development, Integration & Business Development Vice Presidency.
Adesina addressed leaders of the Economic Community of West African States (ECOWAS) at a special summit held on Saturday, just days before the Bank Group’s 2021 Annual meetings, scheduled for 23-25 June.
According to a statement by the regional bank, this year’s theme: “Building Resilient Economies in Post Covid-19 Africa,” will provide a platform for the Bank’s governors to share their experience in addressing the pandemic and the policy measures they are employing to rebuild economies and livelihoods.
The deal was signed on May 28, 2021 in Abidjan, Cote d’Ivoire, according to the AfDB media outlet.
Olusanya who made this known on Sunday at a ministerial press briefing in commemoration of the second year anniversary of the State Government noted that the State Government would continue to treat agriculture as a combination of business and development platform.
The impact of climate change, rising fragility and conflict, and locust invasions in East and Southern Africa is taking a toll on the continent.
An informed source disclosed over the weekend that the financing which is specifically a $500 million to be sourced from the African Development Bank (AfDB) has the prospect of harnessing potentials in Nigeria’s creative and technology industries.
At the launch of the African Development Bank’s 2021 edition of its annual African Economic Outlook, Adesina urged African governments to consider collectively establishing an African financial stabilization mechanism, which would give Africa the fiscal space it needs to deal with debt.
The bank also wants developed countries to extend the period of debt repayment and forgiveness in such a way that the period of deferment continues to be helpful to African countries.
Adesina gave the charge at the 2020 Chartered Institute of Bankers of Nigeria Fellowship Investiture with the theme, “Financial Services in a Post COVID-19 Environment: Strategic Imperatives”.
He tweeted this after a British lawmaker, Tom Tugendhat, accused Gowon of “stealing half of Nigeria’s Central Bank”.
The President of the bank, Dr Akinwumi Adesina, made this known at a virtual high-level launch of the Global Centre on Adaption (GCA) office in Africa on Tuesday.
Adesina, former Minister of Agriculture in Nigeria, was re-elected last Thursday by the Board of Governors of the AfDB Group at its 2020 Annual Meetings in Abidjan, the Cote D’Ivoire capital.
Obi, who made this known through a statement issued on Thursday, said he was elated by the news of Adesina’s re-election as the President of AfDB.