Former AfDB President Adesina Lauds Tinubu's Reforms

Akinwumi Adesina, the former President of the African Development Bank (AfDB), commended President Bola Ahmed Tinubu for the economic reforms implemented during his administration. Speaking to State House correspondents after a meeting at the Presidential Villa in Abuja, Adesina noted that these reforms have led to improved foreign exchange availability, renewed interest from portfolio investors, and a reduction in inflation, despite high costs of goods and services.

He emphasized that macroeconomic stabilization should serve as a foundation for broader economic transformation, urging Nigeria to focus on structural changes that enhance productivity and economic opportunities. Adesina revealed that during his 10-year tenure from 2015 to 2025, the AfDB provided approximately $7 billion in financing to Nigeria, accounting for about 63 percent of its total financing to the country since 1971.

He stated that President Tinubu expressed satisfaction with the Bank's contributions to Nigeria's development and the achievements during Adesina's leadership.