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AfDB invests $10.9 bn in Nigeria- D-G
The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars.
Barrow said this at the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business Plans for Youths in Agriculture on Monday in Abuja.
The News Agency of Nigeria (NAN) reports that the event is being held as part of the activities to celebrate the Bank’s 60th Anniversary with stakeholders.
“Over the last 60 years, the Bank has grown into a trusted partner and the continent’s premier development financial institution.
“Our cooperation with Nigeria has expanded over the years, especially considering that Nigeria is the largest shareholder.
“Since it started operations in the country, cumulative financing approvals has reached 10.9 billion dollars and our portfolio currently stands at 4.9 billion dollars supporting projects in the public and private sectors,” he said.
Barrow said the AfDB’s President, Dr Akinwumi Adesina, upon assumption of office eight years ago, prioritised the High 5–of Power, Feed, Industrialise, Integrate and Improve the quality of life for the people of Africa.
He said these were the accelerators for achieving the SDGs and the targets in the African Union’s Agenda 2063.
According to him, the projects and programmes supported during this period have impacted over 400 million people.
He said: “this Interactive Session provides an opportunity to discuss ways of addressing the many challenges faced by youths and women in Agro-business, including access to finance.
“We applaud the Federal Government of Nigeria in spearheading various initiatives and programmes to increase production and productivity in the sector.
“And its efforts to create job opportunities for the youths and women, and combat food insecurity in the wake of the high food inflation currently witnessed in Nigeria.”
According to him, the workshop will enhance the knowledge and skills of participants in preparing bankable proposals to unlock financial support for their enterprises.
Meanwhile, Mrs Marie-Laure Akin-Olugbade, AfDB’s Vice-President, Regional Development, Integration and Business Delivery Complex, during her key note presentation, identified agriculture as a business.
“We are here to reimagine Africa’s future. A future powered by agriculture that backs the perception of agriculture as a low-income, low-status occupation that attracts only 21.5 per cent of youth.
“Where Women, comprising 50.8 per cent of Africa’s population, continue to face systemic challenges including gender-based discrimination, marginalisation, violence, and unequal access to education, land, resources, opportunity and a voice.
“Africa is home to 65 per cent of the world’s remaining arable land enough to feed 9.5 billion people in the world. Agriculture is a business,” she said.
According to the vice-president, growth in the agricultural sector is two to four times more effective in reducing poverty than growth in other sectors.
She said by 2030, Africa’s food and agriculture market is projected to be valued at 1 trillion dollars.
“These numbers alone demonstrate the central importance of agriculture as a cornerstone of Africa’s economy and a solution to the continent’s and the world’s food insecurity.
“The question, therefore, is not whether Africa can feed itself, it is how quickly we can make it happen,” she said.
While reiterating AfDB’s efforts towards food security, Akin-Olugbade said the bank was collaborating with partners to allow private agribusinesses to establish industries that processed and add value to agricultural commodities.
“So, to our policymakers, I say this: The time for bold action is now. Every policy should ask: Are we going beyond empowering to invest in our youths?
“How does this support our women farmers? How does this move us closer to food sovereignty?
“To the youths and women: You are not just the future of Africa’s agriculture. You are its present. Your innovation, resilience, determination are the seeds from which a new African agricultural revolution will grow,” she said.
The vice- president said that by working together and focusing on these transformative initiatives, we would unlock the full potential of Africa’s agriculture.
She then expressed AfDB’s commitment to nurture the growth, ensure that Africa’s future in agriculture is bright and prosperous for all.
NAN reports that the event was attended by government officials, partners, women and youths in agriculture and stakeholders in the agric value chain.(NAN
…Gives condition to forgive Fubara
… Says I wanted Fubara’s removal, Tinubu saved Rivers
Abubakar Yunusa
Nyesom Wike has described talks about a coalition to unseat President Bola Tinubu as not sincere and believes those behind it are doing so for selfish reasons.
Wike, the Minister of the FCT, said this in Abuja on Friday during a media chat, accusing the masterminds of running away from issues bedevilling the Peoples Democratic Party (PDP), Nigeria’s main opposition party.
He said, “those who are looking for a coalition are for selfish interests, the likes of Atiku and other people, which coalition, with whom?
“Why not come in to repair your party? Everybody wants to become president of the country, nobody wants to say, look, let me build our party so that at the end of the day, our party will be in a formidable position as an opposition party to take over power.
“You don’t do that, the only thing you want to do is let me find a way; how I will be the one, and if that does not happen, then it’s to your tent, oh Israel,” the immediate past governor of Rivers state said.
Former Vice President Atiku Abubakar and a former governor of Kaduna State, Nasir El-Rufai, are among political heavyweights planning to float a coalition to dislodge President Tinubu of the All Progressives Congress (APC) in the 2027 election.
That push has continued to make headlines in the country in the past months, but Wike said those behind it, especially members of the main opposition PDP, should fix their party instead.
Wike criticised Atiku, the arrowhead of the coalition movement, saying the ex-VP is about to make the mistakes that led to the PDP’s defeat in the 2023 presidential election.
“You make the mistake yesterday, you want to repeat the same mistake today, tomorrow you make the same mistake, and then you come out to say you were rigged out, who rigged you out? You’ve already rigged yourself by causing crisis,” Wike said.
The minister, who is a member of the PDP, also said the party is not ready for the next presidential election scheduled for 2027.
“The PDP is not ready for the 2027 election. It is very obvious. For instance, I have an examination and I am going to class to read. Indeed, am I reading? Am I studying? You don’t need to deceive anybody that you are reading. You are only trying to read so that people will see that you have carried your bag to class,” he said.
“That is the situation of the PDP. So, they cannot say for sure that they are ready for 2027. Power struggle cannot help the party.”
A prominent Northern Christian cleric, Isa El-Buba, has raised alarm over what he described as an ongoing genocide in Plateau State.
El-Buba alleged that foreign terrorists are colluding with some local herders to violently displace communities and occupy their ancestral lands.
“These are not the local herders that we used to know. These are Fulani terrorists who target communities. When these terrorists come in, they connive with some of the locals.
”They give them information. They come in from outside and they invade,” he said.
Speaking during an appearance on Inside Sources with Laolu Akande on Friday, a socio-political programme on Channels TV, the cleric strongly supported the recent assertion by Plateau State Governor, Caleb Mutfwang, that the attacks in the state amount to genocide.
The Jos-based cleric, who hails from Borno State, while speaking on the recent killings on the Plateau, argued that the repeated and coordinated nature of the violence indicates a well-orchestrated plan to destabilise the region and ultimately reconfigure its demographic and territorial identity.
“Just like the Governor said: it’s a genocide. It’s not something that just happened. It’s been happening with several attacks in the past and recently, what has happened on the Plateau,” El-Buba said.
“You know very well that Plateau is cosmopolitan. It houses virtually all Nigerians. And if anything goes wrong with Plateau, everything goes wrong with Nigeria.”
He warned that Nigeria’s unity could be in jeopardy if urgent intervention is not undertaken.
“If there is no intervention, there is a bleak future for this country will stand together. We are actually in a very serious time in the history of this country.”
The cleric pointed to the disturbing reality that over 60 communities in Plateau have been attacked, their inhabitants killed or displaced, properties destroyed, and the attackers now living in the conquered communities.
“In some of the communities that were attacked—over 60 of them—the people who attacked those communities displaced the people, killed them, destroyed their properties and now occupy those communities. This tells you a lot about what these people are up to,” he stated.
He further alleged that the attackers feel emboldened due to perceived protection during the previous administration.
“In the past administration, these people felt it was their government. They felt protected. These people move with arms. I raised an alarm, called on the then president to speak to his own people in his own dialect.”
He emphasised that the violence is not being perpetrated by the traditional Fulani herders known to local communities, but by armed, foreign Fulani extremists with a deliberate plan.
According to El-Buba, the goal of these attacks is not random violence, but a larger ideological agenda to seize land and permanently displace the original owners.
“They have a programme, a plan, a mandate, and that mandate is that they must occupy and send the owners of the land away.”
His comments have sparked renewed calls for federal authorities to act decisively to restore peace, justice, and secure land rights in Plateau and other affected regions.
El-Buba concluded with a passionate appeal for national unity and decisive leadership to prevent further bloodshed and protect Nigeria’s fragile cohesion.
President Bola Ahmed Tinubu on Friday asked Christians in the country to use the Holy Week and Easter to reflect on the enduring values of sacrifice, redemption, love, and hope.
The President made the call in a message he signed on Good Friday, two days to the Easter celebrations.
According to Tinubu, he was saddened by the recent insecurity in the country. He also directed security operatives to decisively end the insecurity without delay.
“The recent tragic incidents and the loss of lives in some parts of our country deeply saddened me. I understand the pain and fear these incidents have caused. Let me assure you that my administration’s resolve to restore peace and security remains unshakable. Forces of evil will never prevail over our country,” Tinubu said.
“I have given clear directives to the Armed Forces and all relevant security agencies to end insecurity decisively and without delay. With the unwavering courage and commitment of our gallant men and women in uniform, we are turning the tide and making steady progress in reclaiming peace and stability.
“As President of our blessed nation, I draw inspiration from this timeless message of hope and renewal. I remain steadfast in my commitment to delivering the promise of a Renewed Hope, a better, more just, and prosperous Nigeria for all.
“The Holy Week, which spans Palm Sunday through Holy Thursday and Good Friday and culminates in Easter Sunday, calls us to reflect deeply on the enduring values of sacrifice, redemption, love, and hope.”
The President also expressed gratitude to Nigerians for their “patience and resilience as our economy begins to show encouraging signs of recovery.”
“We understand the economic challenges many of you are facing, and we are working tirelessly to restore investor confidence, stabilise key sectors, and build an inclusive economy that serves the interests of all Nigerians.
“During this Easter, we join the global Christian community in thanking God for Pope Francis’s recovery. We pray that his renewed strength continues to inspire his leadership and service to humanity.
“I earnestly pray that Easter’s spirit fills every heart and home with renewed faith in the immense possibilities ahead of us as a nation. Just as Christ triumphed over death, so too shall our country triumph over every challenge we face. The present moment may be cloudy, but it will usher in a glorious day,” he added.