Nigeria secures $1.1bn AfDB Loan to provide 5 million residents electricity by 2026
Nigeria has secured a $1.1 billion loan from the African Development Bank, AfDB, to provide electricity to 5 million residents by 2026. President Bola Tinubu, who announced this in a speech at the just concluded Mission 300 Africa Energy Summit in Tanzania, also said the AfDB’s $200 million in the Nigeria Electrification Project will provide […]
AfDB warns rising Cost Of Living may lead to Social Unrest, as Nigeria’s Inflation Climbs to 29.9%
The African Development Bank has raised an alarm that RISING PRICES of fuel and other commodities could lead to SOCIAL UNREST in Nigeria, Ethiopia, Angola and Kenya. The bank sounded the warning in its macroeconomic performance and outlook for 2024, in which it projected Africa’s economy to grow higher than the 3.2 per cent recorded in 2023, but projected that growth will […]