AfDB restates commitment to strengthening Nigeria's agriculture, power sectors

Dr. Akinwumi Adesina, President of AfDB (L) and President Bola Ahmed Tinubu, in France

FRANCE - Dr. Akinwumi Adesina, President of the African Development Bank, in a recent meeting with President Bola Ahmed Tinubu in France, applauds the Nigerian leader for his boldness, vision, and determination regarding macroeconomic stability and fiscal stability in the economy.

The African Development Bank (AfDB) has assured President Bola Ahmed Tinubu that the transnational Bank will support his administration’s efforts and vision in improving the agriculture and power sectors in Nigeria.

Dr. Akinwumi Adesina, President of AfDB, stated this after meeting with President Tinubu, while speaking with reporters on the sidelines of the just concluded New Global Financing Pact summit in Paris, France.

ConsumerConnect reports the 2023 New Global Financing Pact summit was hosted by French President Emmanuel Macron, in Paris.

**Advertisement**

The AfDB Chief also assured the Nigerian President that it was a great opportunity for him to see Tinubu.

Adesina commend him for the thoughts and ideas he has brought to the Paris summit among other global issues discussed at the forum.

What I discussed with President Tinubu in France -Adesina

The President of AfDB further disclosed the details of the meeting: “I discussed with His Excellency the President about a couple of things, first of all, agriculture, to see what we can do to support the government with regard to Mr. President’s vision in agriculture.

“We discussed special agroindustrial processing zones, for which we already have about $520 million for Nigeria, and how we are going to make sure that that project actually gets accelerated.”

Adesina noted: “The other one that we talked about is the power sector, how we will bring support to his effort, his vision, and that of his government with regard to access.

“The President wants to ensure that there is access to electricity in Nigeria, and therefore he talked to us about how we can support him, and I gave him the assurance that we will significantly support the power sector in Nigeria.”

He as well lauded the Nigerian leader for his boldness, vision, and determination with regard to macroeconomic stability and fiscal stability for Nigeria.

On fuel subsidy removal, unification of Forex rates

Adesina also observed Tinubu’s pronouncement on the removal of petrol subsidy would help Nigeria significantly.

The Forex unification will also free up access to forex and also make Nigeria’s currency much more competitive in terms of export competitiveness for the things that the country produces, said he.

Adesina, therefore, described the recent moves by the Bola Tinubu administration as the right signals being sent to investors.

According to him, the international community acknowledges these policy decisions, which will also attract a significant amount of investment into Nigeria.

#AN#

Comments

Access Holdings appoints Iyabo Soji-Fokusanya Executive Dir. Corporate, Investment Banking

LAGOS - Access Holdings Plc has announced the appointment of Mrs. lyabo Soji-Okusanya as Executive Director, Corporate and Investment Banking Division in its banking subsidiary, Access Bank Plc, following the approval of the Central Bank of Nigeria. This is contained in a statement signed by the Company Secretary, Sunday Ekwochi and posted on the website of the Nigerian Exchange Limited (NGX) on Friday. Mrs. Soji-Okusanya is a seasoned professional with over three decades’ experience in corporate and commercial banking, accounting, and human capital development. She has deep institutional knowledge of the Bank, having worked with the institution for about 25 years and successfully executed critical projects, including the development of several banking products. Mrs. Soji-Okusanya holds a Bachelor of Science Degree in Accounting from University of llorin and is a Fellow of both the Institute of Chartered Accountants of Nigeria, and the Chartered Institute of Ba...

Cranium aims to provide integrated, inclusive healthcare solutions

Lagos - Cranium is a Complete hospital Information management system designed to manage all aspects of a hospital operation. This customizable hospital information system is an integrated healthcare solution which includes Out Patient Department and In Patient Department Management, Pharmacy, Laboratory, Radiology, Ward Management, Mobile Application, Online Appointments Scheduling, Secured Messaging, Doctor Portal, Patient and Family Portals, Medical Electronic Billing, Accounting, HR/Payroll and HL7/Integrated PACS System The Hospital Information Management System is divided into several modules which can still be expanded based on client request. Each of the modules is designed to exhaustively meet the needs of various groups within the hospital. It has worldwide acceptable Clinical, Administrative and Financial Workflows with inputs of professionals across board. It is Health Insurance Portability and Accountability Act (HIPAA) and Nigeria Data Protection Bureau (...

Gbeleyi hails Tinubu on decentralisation of NCAT

Editor 1 LAGOS -- The Chief Executive Officer of Agil Travels and Tourism, Mr Ayo Gbeleyi has hailed President Bola Tinubu's move to decentralise the Nigerian College of Aviation Technology (NCAT). According to Gbeleyi, the move will transform the country's Aviation sector by increasing access to quality training across Nigeria’s six geo-political zones. Recall that Tinubu had on January 8, announced the splitting of the Nigerian College of Aviation Technology, Zaria, Kaduna State, into six campuses across the country’s geo-political zones. Emphasising the importance of appointing individuals with relevant sector experience to leadership positions, rather than based on appointments, Gbeleyi said decentralising the college was a step in the right direction. He commended the establishment of a campus in Akure, Ondo State, as a brilliant move to spread development to other parts of the country. He expressed optimism about the decentralization, stating it will equip Nigerians with...

AlatNews

Search This Blog