Nigeria's Finance Minister and AfDB President Plan Cooperation

On October 14, 2026, Nigeria's Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, met with African Development Bank (AfDB) President Dr Sidi Ould Tah during the 2026 IMF and World Bank Group Annual Meetings in Bangkok, Thailand. They agreed to conduct a joint technical review of the AfDB's portfolio in Nigeria and prepare for an official visit by Ould Tah to Nigeria.

Oyedele reaffirmed Nigeria's commitment to being the Bank's largest shareholder and fulfilling its capital subscription obligations. He emphasized the need for the long-standing relationship between Nigeria and the AfDB to yield more development finance and economic benefits.

The review aims to identify implementation bottlenecks and align ongoing operations with Nigeria's development priorities. Ould Tah's visit will involve discussions with President Bola Ahmed Tinubu and other stakeholders.

They also addressed the high borrowing costs faced by African nations and the AfDB's initiative to support governments in engaging with credit rating agencies.