African Development Bank (AFDB) reported that they would provide about $ 650 million in financial dollars each year to support Nigeria's economic conversion.
General Director of African Development Office (AFDB) General Director of Nigeria Office Abdul Kamara, in a written statement, the economic transformation of Nigeria Bank to support economic transformation in 2025-2030 within the 5-year strategy will provide finance about $ 650 million per year, he said. Saying that this strategy has brought a change in the bank and Nigeria to a new level, Kamara said, “We are building a prosperous path for millions of Nigeria people with sustainable infrastructure and investing in agricultural growth includes.” He said. Kamara said that the $ 2.95 billion investment in the first 4 years of the strategy was planned and the development partners expected to provide additional resources of $ 3.21 billion. AFDB's investment, environmentally friendly roads, electric infrastructure, clean water systems focus on agricultural enterprises will create special jobs for women and young people. In this context, Nigeria aims to contribute to the closing of infrastructure deficit, estimated to be 2.3 trillion dollars in 2043. The expected investments will contribute to the employment of the Nigerian economy reaching $ 1 trillion and create jobs for about $ 1 million.