AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

AfDB sets up state-of-the-art ‎office complex, to consolidate Nigeria as largest regional shareholder.

According to the communications department of the ‎African Development Bank (AfDB), the bank‎ has rewarded Nigeria as the bank’s largest regional shareholder by setting up a state-of-the-art ‎office complex, which will be commissioned by President Muhammadu Buhari in Abuja.‎

Nigeria is the bank’s largest shareholder with a portfolio of about  US$6 billion and its operations accounts for 13 percent of the Bank’s total portfolio.

The state-of-the-art Nigeria Country Department (RDNG) office complex, situated in the Central Business District of Abuja, is the first permanent structure to be designed and constructed in any regional member country of the Bank. The 220-staff capacity four-storey building will now become a model for replication in other countries.

According to the AfDB president, Dr Akinwumi Adesina, “The Bank remains grateful to the Federal Government of Nigeria for the land provided and the continuous show of solidarity with the Bank.

He also said that the Bank is highly committed to working with the private and public sectors to implement the High 5s agenda and meet the Sustainable Development Goals’ targets in Nigeria and across the continent.

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