US EditionAfDB’s $614m I-DICE Funding To Boost Nigeria’s Economy By $6.4bn – Adesina
- The African Development Bank approved a five-year $650 million annual funding plan from 2025 to 2030 to boost Nigeria’s economy and infrastructure.
- This initiative follows Nigeria’s decades-long decline in per capita wealth and persistent extreme poverty amid abundant resources and a need for structural transformation.
- The strategy focuses on closing a $2.3 trillion infrastructure gap by investing in climate-resilient roads, electricity, water, and agribusinesses that create jobs for youth and women.
- The Bank plans to invest $2.95 billion over four years, complemented by $3.21 billion from partners, aiming to create about 1.56 million jobs and help Nigeria double its economy to $1 trillion.
- This funding is designed to accelerate Nigeria’s economic development, enhance its ability to adapt to climate challenges, promote widespread prosperity, and support the nation’s ambition to become a developed economy by 2050.
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17 Articles
AfDB’s $614m I-DICE Funding To Boost Nigeria’s Economy By $6.4bn – Adesina
African Development Bank (AfDB) investment of $614 million in Nigeria’s digital and creative industries is billed to unlock youth entrepreneurship, grow the country’s non-oil economy, and create millions of jobs. This is as AfDB Group announced the approval a new five-year strategy for Nigeria that will provide about $650 million annually between 2025 and 2030. Speaking at the 14th Convocation Lecture of the National Open University of Nigeria (…
Gavi Invests $191 Million to Boost Immunization in Nigeria, Targets 1.8 Million Unvaccinated Children - Media Talk Africa
In a significant move to boost immunization coverage and reach underserved populations, Gavi, the Vaccine Alliance, has announced a substantial $191 million Health Systems Strengthening (HSS-3) grant to Nigeria. This initiative aims to target 1.8 million zero-dose children, who have never received any routine vacci ...
AfDB Approves $3.25bn Support for Nigeria Until 2030 Amid Growing Fears of Misuse Due to Weak Accountability Structures
The African Development Bank (AfDB) has unveiled a new five-year Country Strategy Paper (CSP) for Nigeria, pledging to provide around $650 million annually from 2025 to 2030 — a move that could inject a total of $3.25 billion into Africa’s fourth-largest economy over five years. The initiative forms part of the Bank’s broader effort to […] The post AfDB Approves $3.25bn Support for Nigeria Until 2030 Amid Growing Fears of Misuse Due to Weak Acco…
ADF approves strategy to boost economic growth in Nigeria - Caribbean News Global
ABUJA, Nigeria – The board of directors of the African Development Bank Group has a new five-year Country Strategy Paper (2025-2030) for Nigeria, committing about $650 million annually to drive economic transformation, build resilience, and foster broad-based prosperity across the country. Under the new strategy, the bank will provide $2.95 billion over the first four years, complemented by an estimated $3.21 billion in co-financing from develop…
Africa Development Bank Approves Nigeria's New Five-year Country Strategy Paper, To Drop $650 Million Annually - Brand Spur
A new five-year Country Strategy Paper for Nigeria has been approved by the African Development Bank (AfDB) Group, which pledges almost $650 million a year between 2025 and 2030 to promote economic change, resilience, and widespread prosperity. In a statement available to BrandSpur banking and finance news desk, posted on its website on Thursday, the Bank revealed that $2.95 billion would be given over the plan’s first four years, with an additi…
AfDB Announces $650m Annual Economic Support for Nigeria
May 02, (THEWILL) – The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, pledging approximately $650 million annually from 2025 to 2030 to support economic transformation, strengthen resilience, and promote inclusive growth. In a statement on Thursday, the Bank said it would disburse $2.95 billion over the first four […] The post AfDB Announces $650m Annual Economic Support for Nigeria appeared firs…
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