August 5, 2025

AfDB

General

FG, AfDB Donate Buses to FSTCs in Borno, Adamawa to Support Displaced Students

BORNO/ADAMAWA — The Federal Government, in partnership with the African Development Bank (AfDB), has donated a fleet of buses to Federal Science and Technical Colleges (FSTCs) in Borno and Adamawa States to improve transportation for students and staff, especially those displaced by insurgency. The donation forms part of a broader initiative to revitalise Technical and

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Economy General

Presidency Refutes AfDB President Adesina’s GDP Per Capita Remarks

The Presidency has issued a strong rebuttal to recent comments made by the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, regarding Nigeria’s economic standing, particularly the claim that the country’s GDP per capita has significantly declined since independence in 1960. Dr. Adesina, a former Nigerian Minister of Agriculture, had stated during a

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Economy Policy update

Nigeria Worse Off Than in 1960, AfDB President Warns, Urges Urgent Economic Reforms

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has sounded a grave warning over the state of Nigeria’s economy, declaring that the country is experiencing a deeper regression than many citizens and policymakers realise. Speaking during the 20th anniversary dinner of investment firm Chapel Hill Denham in Lagos, Dr. Adesina revealed that

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Economy General

AfDB Beyond Adesina: Will Economic Diplomacy Survive Without Its Chief Architect?

As Dr. Akinwumi Adesina prepares to hand over the reins at the African Development Bank (AfDB), the spotlight has shifted from celebrating his achievements to a more critical question: can the economic diplomacy legacy he so meticulously built survive without him? Few leaders have left as profound an imprint on a continental institution as Adesina

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General

Africa Must Stop Exporting Raw Materials to End Poverty – AfDB President Adesina

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has once again sounded the alarm over Africa’s continued reliance on raw commodity exports, declaring that the continent must urgently transition from being a supplier of unprocessed goods to a producer of value-added products if it truly intends to break the cycle of poverty

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