AfDB gives Nigeria $250m to fix North East

President of the African Development Bank (AfDB) Akinwumi Adesina has said that the continental bank has released $250 million for the construction and rehabilitation of the Northeast of Nigeria, destroyed by the Boko Haram insurgents.

The president said that the AfDB has constructed a big building behind the Yar’Adua Centre started in 2016 and completed.

He said it is the first of such building by AfDB outside its Abidjan headquarters which he will want President Muhammadu Buhari to commission.

Adesina said in addressing Buhari, “I want to thank you immensely. I want to thank God for your health because I must say that for all of us that has been a big concern. But seeing you fit as a fiddle and seeing you back in action, we thank God for that and may God continue to give you great strength.

“Mr. President as you must have noticed, there is a very strong correlation between your health and the economy and when you came back the economy picked up after that. So we wish you great health so that the the economy can continue to pick.

I also want to congratulate you for the economic growth and recovery plan that you have put in place and the incredible plan that you have put in place to bring the economy out of recession and also in terms of the fact that Nigeria has moved up in the World Bank ease of doing business index. Is to your leadership, vision and commitment that we want to from the African Development Bank commend you Mr. President and to assure you of our strong support behind you and your government for the efforts to try and move Nigeria forward. We are solidly behind you, you can count on that.

“I also want to thank you for your leadership on the Boko Haram issue because to draw investments into Nigeria, you absolutely have to have security. I think that securing our borders is very important thanks to your leadership for that. I also thank you for all the efforts you have made in the Lake Chad Basin Area.

“I was with you in Paris where you led the efforts in reviving the Lake Chad Basin. As you know Mr. President, the bank is very strongly behind that. We put in $250 million to support the northeast of Nigeria rebuilding. I know you were criticize for rebuilding but I don’t see anything wrong, if things get destroyed they have to be rebuilt and the African Development Bank has contributed $250 million towards that.”

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