Nigeria needs cost effective tariff – AFDB

President of the African Development Bank (AfDB) Dr Akinwunmi Adesina has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply. Speaking with State House correspondents after meeting behind closed doors with President Muhammadu Buhari at the Presidential Villa in  Abuja Adesina said power was one of […]


AfDB, Tony Elumelu Foundation, to support African youths

The African Development Bank (AfDB) and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship across Africa. The Senior Communications Officer of AfDB, Mr Chawki Chahed made this known in a statement in Abuja on Monday. Chahed said the partnership would bring about future collaboration focused on strengthening small to […]

World News

Nigeria to get AfDB’s $400m budget support loans

Nigeria will be getting $400m from the African Development Bank soon as sector loans, Vice President Yemi Osinbajo, has said. Osinbajo, who represented President Muhammadu Buhari at the inauguration of AfDB’s Nigeria Country Department Building in Abuja on Thursday, said the bank’s President, Dr. Akinwumi Adesina, had assured him that the money would be released […]


Buhari commends AfDB President

President Muhammadu Buhari says Nigeria remains proud of its former Minister of Agriculture, Dr. Akinwumi Adesina, for the winning the 2017 World Food Prize. Adesina, who is the President of the African Development Bank (AfDB), will today be presented with the $250,000 prize and Laureate sculpture at a ceremony in the United States. The President’s […]