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.
Browsing: AfDB
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.
The AfDB’s Communications and External Relations Department made this known in a statement in Abuja on Thursday.
The Vice Presidential Candidate of Peoples Democratic Party during the 2019 elections, Peter Obi, stated this on Tuesday while reacting to the news of Adesina’s vindication by the committee led by Mary Robinson, former President of the Republic of Ireland and a former United Nations High Commissioner for Human Rights.
The bank’s Communications and External Relations Department made this known in a statement on Wednesday.
The chamber leader in a virtual chat on African post-pandemic recovery, said the Treasury Department must consider programmes of the US State Department to see how helpful to Africa and Washington Adesina has been by his innovative support and stabilisation of Africa through the AfDB.
Rather, APRA is insisting that due process must be followed.
The Chairman of the bureau, Niale Kaba, in a statement said the publications trending in the media on purported directive of stepping down of Adesina was false.
South Africa’s President and African Union chairperson Cyril Ramaphosa and the Nobel peace laureate and former Liberian President Ellen Johnson Sirleaf have commended Akinwumi Adesina, President of the African Development Bank, for his visionary leadership and bold initiatives to accelerate Africa’s development and to support the continent through the COVID-19 crisis.
The Federal Government says it has applied for $3.5 billion request from International Monetary Fund and African Development Bank to access concessional funding to support the implementation of the 2020 Budget.
The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank.
Adesina made the assertion at the Inspiration Conference 2020 of the Redeemer’s Men Fellowship (Lagos Regions) in Lagos.
The AfDB’s Communication and External Relations Department in a statement on Wednesday quoted Adesina as saying at the London Stock Exchange that “the gap is therefore offering huge opportunities for global investors.”
The AfDB’s Communication and External Relations Department quoted Adesina as saying this on Tuesday at the UK-Africa Investment Summit in London.