Akinwumi Adesina Offers Support for Nigeria's Economic Growth

Akinwumi Adesina, the former President of the African Development Bank (AfDB), pledged his support for Nigeria's economic development during a visit to President Bola Tinubu at the Presidential Villa in Abuja. Adesina briefed Tinubu on his 10-year tenure at the AfDB, noting that the bank provided approximately 7 billion dollars in financing to Nigeria from 2015 to 2025, which accounts for about 63 percent of its total financing to the country since 1971.

The cumulative financing from the AfDB to Nigeria since its operations began in 1971 totals 11.1 billion dollars. Adesina praised Tinubu for implementing macroeconomic reforms, including the removal of the fuel subsidy and the unification of foreign exchange rates, describing these measures as difficult yet necessary.

He indicated that these reforms are yielding positive results, such as increased foreign exchange availability and improved international perceptions of Nigeria. Adesina expressed his readiness to contribute to Nigeria's development in any capacity deemed appropriate.