In a statement by African Development Bank (AfDB) revealed that it’s active portfolio in Nigeria rose to 60 operations with total commitments of $4.5bn. These comprised 28 public sector operations with total commitments of $1.7bn (21 national and seven regional); 34 non-sovereign operations with total commitments of $2.8bn,Emeka Anuforo, the media relations officer of the bank, made this known in a statement in Abuja on Thursday.

Mr Anuforo explained that the bank’s active portfolio in the country comprise 60 operations which include 28 public sector operations.

“At the end of March 2019, the bank’s active portfolio in Nigeria comprises 60 operations with total commitments of US$4.5 billion.

Meanwhile, the media relations officer said the AfDB’s President, Akinwumi Adesina who visited President Muhammadu Buhari on Tuesday in Abuja, thanked him for his support to the bank and pledged the AfDB’s commitment to fast tracking Africa’s development.

Buhari also commended the bank’s interventions in infrastructure and agriculture, and encouraged the institution to keep supporting countries like Nigeria to grow agriculture as a business through the promotion of agro-industrial zones in the country.

He said that Mr Adesina also highlighted several reforms at the bank and strategic efforts to moving the bank’s operations closer to countries.

Spurce: https://bestmarket.com.ng/2019/04/african-development-bank-afdbs-investments-in-nigeria-now-at-4-5bn/