The President of the AfDB, Dr. Akinwumi Adesina, said this while inaugurating the African Economic Outlook 2023.
In response to the tech fund which was a collaboration between the AfDB and the Federal Government of Nigeria, Governor Adeleke expressed readiness of his government to tap into the opportunities in furtherance of the digital economy agenda of his administration.
This is contained in a video sent by Emeka Anuforo of the Communication and External Relations Department of African Development Bank (AfDB) Monday.
According to the bank, the aim is to ensure improved quality and quantity of energy supplied to West Africa.
The beneficiaries are 120 trained Village Level Operations and Maintenance Mechanics (VLOMs) presented with tool kits and 119 others trained in other fields given starter packs.
He gave the reasons in a statement on Tuesday titled, ‘Statement by Dr. Akinwumi Adesina, President, African Development Bank’.
Dr. Akinwumi Adesina, AfDB President, said this in a speech posted on its official Twitter handle on Thursday.
Similarly, the group called on Governors Godwin Obaseki of Edo, Kayode Fayemi of Ekiti, Nasir El-Rufai of Kaduna, and Gov. Aminu Tambuwal of Sokoto State to join hands in ensuring Adesina’s emergence.
The group made the call in a statement signed by its Media and Publicity Director, Judith Onyekwere, Sunday in Benin, the Edo State capital.
African Development Bank financing for this program represents one of the Bank’s most ambitious operations in terms of scale and scope to date. It is made up of an African Development Bank loan of $160 million and an Africa Growing Together Fund loan of $50 million. Phase 1 of the project will target seven Nigerian states and the country’s Federal Capital Territory.
According to Udeh, before rescuing Nigeria, PDP should first account for the uncountable underdevelopment obstacles the party embedded in the system, prior to its exit from power in 2015.
Adesina said this at the Adeola Odutola Lecture, Manufacturers Association of Nigeria Annual Meeting while making his presentation entitled ‘Overcoming Binding Constraints to Competitive Manufacturing for Intra-Regional Trade’.
A list of debarred individuals and firms was presented in a new annual report titled: “World Bank Group Sanctions System FY21.”
The policy framework is the result of a series of internal and public stakeholder consultations that began in December 2019. This process was part of the third policy review of the Bank’s Independent Review Mechanism and marked the first time that the IRM has engaged in such a comprehensive public consultation process.
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.