Browsing: African Development Bank

The projection is contained in AfDB’s “African Economic Outlook 2014” report, which was made available to the News Agency of Nigeria on Wednesday in Abuja

According to the statement, the project involves the construction and asphalt of 565 kilometres of road to link the main axis and the Chadian branch of the Trans-Sahara Highway

It added as at 2011, unemployment rate was at 24 per cent compared to 21 per cent in 2010, adding that the rate was high among the age bracket of between 15 and 24 and 25 to 44 at 38 per cent and 22 per cent respectively

The Transmission Company of Nigeria, one of the successor companies of the now unbundled Power Holding Company of Nigeria, charged with the responsibility of evacuating and transmitting generated power, has been asked to access the funds as it works towards bridging the enormous gap in the sub-sector

The CTF money will complement support provided through the AfDB private sector window, to help the country address energy efficiency in critical sectors such as power, agribusiness, transport, telecommunications, and education, by targeting local financial institutions to invest and support the shifts to clean, efficient and affordable energy in the sectors