Business

COVID-19: AfDB receives kudos for $3.6bn spent on emergency budgetary support

The African Development Bank played a critical role in supporting millions of people across the continent, affected by the impact of the Covid19 pandemic in 2020. This is according to its latest Annual Development Effectiveness Review released on Tuesday. The pandemic caused fiscal deficits to double and indebtedness to rise sharply, reducing the capacity of […]

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AfDB boosts Nigeria’s power sector with $200m –Adesina

The President, African Development Bank Group (AfDB), Dr. Akinwumi A. Adesina, has said the regional financial institution provided $200 million for the Nigeria electrification project designed to fill the electricity access gap in the country. This, according to him, is in addition to $210 million it invested in Nigeria’s transmission project to strengthen the grid […]

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Presidency faults AI, says anarchy preceded shootings

The Presidency has disagreed with the global human rights body, Amnesty International (AI)’s report that the looting and arsons committed by hoodlums in some parts of the country was precipitated by the shooting of #EndSARS protesters at the Lekki Toll Gate in Lagos. Special Adviser to the President on Media and Publicity, Femi Adesina, said […]

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