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What Buhari Discussed With AfDB President In Aso Rock



What Buhari Discussed With AfDB President In Aso Rock

President Muhammadu Buhari on Tuesday, welcomed the President of the African Development Bank (AfDB), Dr Akinwumi Adesina to the Presidential Villa, Aso Rock in Abuja, Nigeria’s capital

During the meeting, the President welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad.

Africa News24 (AN24) reports that the President received the response of the Secretary-General to his earlier letter through the AfDB President.

The President said such a Special Forum was necessary in view of the size of capital required for the project, which was unavailable to the Lake Chad Basin countries.

Addressing issues directly related to the AfDB, Buhari expressed delight with successes recorded in the four years of Dr Adesina’s tenure at the Bank.

The President specifically cited the Bank’s contribution to the growth of Nigeria’s agriculture and infrastructure, and commended what he called “its critical gesture in 2016 during the difficult period of economic recession through the issuance of USD600 million budget support facility.”

Buhari used the occasion to highlight the successes achieved by the administration through the implementation of the Economic Recovery and Growth Plan (ERGP).

The President stressed that his focus will continue to be on diversifying the economy and making it more inclusive as well as the creation of jobs in critical sectors like the Information Communication Technology, ICT and manufacturing so that “young people will earn a decent living.”

While noting that a lot is being achieved in providing guaranteed off-takers for farmers, and in the provision of infrastructure that includes airports, rail, roads and waterways, the President admitted that “we still have significant work ahead in the provision of power, small scale cottage industries and promotion of the agro-industrial zones coming up in the country.”

President Buhari then asked for AfDB’s continued support in this regard.

In his presentation, the AfDB President thanked President Buhari for his support, without which, he said, he would not have been ADB president.

Adesina listed his record of achievements in the last four years among which lending to critical sectors of the Nigerian economy grew to an unprecedented 4.3 billion US Dollars.

The AfDB President told President Buhari that the fortunes of the Bank had significantly improved, earning global ratings in accountability and transparency, improved incomes and for making an impact on the lives of millions of its target population.

Adesina sought for the support of the Nigerian leader for a “general capital increase” to fast track the development of the Bank, to which President Buhari gave all assurances and directed the Ministry of Finance to engage and expedite action on the issues brought to the government by the AfDB

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