The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has met with a high-level delegation from the African Development Bank (AfDB) led by Dr. Abdul Kamara, Director-General for Nigeria, as part of the Federal Government’s efforts to strengthen its collaboration with the development finance institution for improved funding of critical sectors of the economy
The meeting, which was held today on Wednesday at the Finance Ministry in Abuja, availed the minister the opportunity to discuss a range of potential areas for collaboration between the Ministry and the AfDB.
Some of the topical issues discussed at the meeting comprised initiatives to strengthen food security, the Special Agro-Industrial Processing Zones (SAPZ) project, and other strategic engagements aimed at promoting sustainable economic growth and development in Nigeria.
Edun highlighted the critical role of AfDB’s funding and technical expertise as Nigeria approaches a pivotal harvest season, which is essential for the country’s food security and economic stability.
Earlier in his brief remarks, Kamara commended the present administration’s economic reforms based on their importance in addressing Nigeria’s pressing economic challenges
The AfDB’s Director-General for Nigeria, conveyed the deep sympathy of the AfDB President, Dr. Akinwumi Adesina, to the Nigerian government on the recent Maiduguri flood incident, assuring the Minister of the Bank’s readiness to provide support in addressing the aftermath of the disaster.
The AfDB team’s courtesy visit underscores the bank’s commitment to supporting Nigeria’s economic development and reinforces the importance of international cooperation in driving sustainable growth.
