Tinubu Calls For Shift From Government Exclusive Infrastructure Financing
President Bola Ahmed Tinubu has called for a fundamental shift from traditional, government-only infrastructure financing model, to a new Public Private Partnership approach built on collaboration, innovation, and integrity. Speaking at the opening of the 2025 Nigeria Public-Private Partnership (PPP) Summit on Tuesday in Abuja, President Tinubu represented by Vice President Kashim Shettima—noted that the […]
African Leaders Approve $20B Stability Fund
African leaders have approved the establishment of a $20 billion continental financial stability fund, in a move designed to stave off potential debt crises on the continent before they take hold. The facility, known as The African Financial Stability Mechanism, will get its own credit rating to allow it to borrow on international capital markets Announcing this in […]
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
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 […]