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African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina, and his wife, Grace Yemisi Adesina, AfDB Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor (extreme left), AfDB Director General, Nigeria Country Department, Dr. Abdul Kamara (2nd from left), and Saglev Chairman and CEO, Dr. Sam Faleye, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • AfDB President Akinwumi Adesina with Saglev EV automobile technicians, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • AfDB President Akinwumi Adesina and Saglev Chairman and CEO, Dr. Sam Faleye with staff of the company, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • Saglev Chairman and CEO, Dr. Sam Faleye, and AfDB President Akinwumi Adesina, at the Saglev EV assembly plant in Lagos, Nigeria, 31 July 2025
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Source: African Development Bank Group (AfDB) |

‘Our role as a Bank is to champion African entrepreneurs’ – Adesina

During the tour, Adesina engaged in discussions on the key challenges facing Nigeria’s automotive sector, including fiscal policy, logistics, access to finance, and the lack of local manufacturing capacity for critical components

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has reaffirmed the Bank’s strong commitment to supporting African entrepreneurs and industrial innovation. He was speaking during a visit to Saglev, a Nigerian electric vehicle assembly and distribution company in Lagos.  “Our role as a bank, and my…

African Development Bank Group (AfDB)

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    • Afdb President Akinwumi Adesina steps onstage to deliver the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina delivering the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina and his wife, Mrs Grace Yemisi Adesina, with Sunil Kaushal (2nd from left) and Roberto Hoornweg (right), Standard Chartered’s Co-Heads of Corporate & Investment Banking, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • L-R: Mrs Grace Yemisi Adesina; Roberto Hoornweg, Standard Chartered’s Co-Head of Corporate & Investment Banking; Dr. Jumoke Oduwole, Nigeria’s Minister of Trade and Investment; Sunil Kaushal, Standard Chartered’s Co-Head of Corporate & Investment Banking, and other attendees, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
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Source: African Development Bank Group (AfDB) |

CORRECTION: Adesina reaffirms commitment to Africa’s development as his presidency of the African Development Bank nears end

Adesina urged global financial institutions to partner more strategically with the African Development Bank and other multilateral development banks, to scale up capital flows to Africa

Dr Akinwumi Adesina says his passion to mobilize global capital for Africa’s development will continue way beyond his presidency of the African Development Bank (www.AfDB.org), which ends on 1st September 2025. In a keynote speech titled “Tilting Global Capital for Unlocking Investment Opportunities in Africa”, delivered at the Standard Chartered…

African Development Bank Group (AfDB)

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    • Afdb President Akinwumi Adesina steps onstage to deliver the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina delivering the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina and his wife, Mrs Grace Yemisi Adesina, with Sunil Kaushal (2nd from left) and Roberto Hoornweg (right), Standard Chartered’s Co-Heads of Corporate & Investment Banking, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • L-R: Mrs Grace Yemisi Adesina; Roberto Hoornweg, Standard Chartered’s Co-Head of Corporate & Investment Banking; Dr. Jumoke Oduwole, Nigeria’s Minister of Trade and Investment; Sunil Kaushal, Standard Chartered’s Co-Head of Corporate & Investment Banking, and other attendees, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
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Source: African Development Bank Group (AfDB) |

Adesina reaffirms commitment to Africa’s development as his presidency of the African Development Bank nears end

Adesina urged global financial institutions to partner more strategically with the African Development Bank and other multilateral development banks, to scale up capital flows to Africa

Dr Akinwumi Adesina says his passion to mobilize global capital for Africa’s development will continue way beyond his presidency of the African Development Bank (www.AfDB.org), which ends on 1st September 2025. In a keynote speech titled “Tilting Global Capital for Unlocking Investment Opportunities in Africa”, delivered at the Standard Chartered…

African Development Bank Group (AfDB)

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    • President of the African Development Bank Group, Dr Akinwumi Adesina; Governor of Oyo State, Seyi Makinde; and Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, at the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • President of the African Development Bank Group, Dr Akinwumi Adesina, delivering his speech at the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • President of the African Development Bank Group, Dr Akinwumi Adesina; Governor of Oyo State, Seyi Makinde (3rd from left); Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari (2nd from left); Mrs Grace Adesina; Senior Special Adviser to Dr Adesina on Industrialisation, Prof Oyebanji Oyelaran-Oyeyinka (2nd from right); and AfDB Director General for Nigeria, Dr. Abdul Kamara, at the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • President of the African Development Bank Group, Dr Akinwumi Adesina and the Governor of Oyo State, Seyi Makinde, ahead of the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • Nigeria Expands Agro-Industrial Footprint with New Processing Hub in Oyo State
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Source: African Development Bank Group (AfDB) |

Nigeria Expands Agro-Industrial Footprint with New Processing Hub in Oyo State

The Oyo site is the third to be developed under the national SAPZ program, and the first in southwest Nigeria

Oyo SAPZ will host up to 40 agro-processing industries, create over 100,000 direct and indirect jobs, and benefit half a million farmers. A great honour to do this on my last official visit to Nigeria as President of the African Development Bank Group (www.AfDB.org) – Adesina Nigeria has launched a…

African Development Bank Group (AfDB)

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    • In Nigeria, Oyo State’s fertile ground is set to meet mechanized ambition, as the state begins construction of its Special Agro-Industrial Processing Zone under Phase I of the SAPZ Programme
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank to join groundbreaking ceremony of Special Agro-Industrial Processing Zone in Oyo State

Third groundbreaking in 2025 under Phase I of the Nigeria SAPZ Programme; first in the country’s southwest

The Federal Government of Nigeria and the Oyo State Government will be joined by the African Development Bank (www.AfDB.org) for the groundbreaking ceremony of the Oyo State Special Agro-Industrial Processing Zone (SAPZ). Headlining the ceremony, to be held 2 August 2025 in Ijaiye, Akinyele Local Government Area, will be Nigeria’s…

African Development Bank Group (AfDB)

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    • Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State

The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State. The project addresses critical health system gaps in Sokoto, where key…

African Development Bank Group (AfDB)

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    • L–R: Hon. Otumchere Oti, Abia State Commissioner for Works; Mr. Mahaman Mourtala Mamoudou Abdoussalam, Operations Team Leader, Economic Infrastructure, Islamic Development Bank; Dr. Abdul B. Kamara, Director General for Nigeria, African Development Bank Group; His Excellency Dr. Alex Otti, Governor of Abia State; and Dr. Oyebola Akande, Assistant Director, International Economic Relations Department, Federal Ministry of Finance, Nigeria
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Source: African Development Bank Group (AfDB) |

African Development Bank and Partners Launch a $263.8 Million Infrastructure Project to Transform Urban Development in Abia State

The project will rehabilitate more than 248 kilometers of roads in the cities of Umuahia and Aba

The African Development Bank (www.AfDB.org), in partnership with the Islamic Development Bank, Nigeria’s Federal Government and the Abia State, has launched the Abia State Integrated Infrastructure Development Project, a transformative $263.8 million initiative to modernize urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development over the next five years. The…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Curtain falls on African Development Bank Group 2025 Annual Meetings, New President Elected

On Thursday, governors of the Group’s 81 shareholders elected former finance minister Mauritanian Sidi Ould Tah as the new president of the continent’s premier development institution

Nigeria provides $500 million to extend the Nigeria Trust Fund for another 15 years  “It has been the greatest honour of my life to serve as president of the African Development Bank Group and to serve Africa “– Dr. Akinwumi Adesina  The African Development Bank Group’s 2025 Annual Meetings (www.AfDB.org)…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Development Bank of Nigeria visits African Development Bank to benchmark sustainability and resilience into financing

Through the African Financial Alliance on Climate Change (AFAC), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments

A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing…

African Development Bank Group (AfDB)

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    • President Adesina (center in blue suit), Vice President Kashim Shettima (to his left in beige traditional attire) lay the foundation for the $538 million Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, marking a milestone in Nigeria’s journey to become a food export leader through agro-industrialization
    • Vice President Kashim Shettima, African Development Bank President Dr. Akinwumi Adesina, Governor Bassey Out, and other dignitaries unveil the plaque for the Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, harnessing the state’s ports to boost global trade in cocoa and cassava
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Source: African Development Bank Group (AfDB) |

Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone

The African Development Bank Group has committed $934 million to SAPZs in 11 African countries

Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina broke ground at the project site on Thursday 10 April. The SAPZ aims to tackle food insecurity, enhance…