AfDB Approves New 5-year Strategy For Nigeria Amidst COVID-19 Concerns


The Board of Directors of the African Development Bank (AfDB) has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition. A statement by the bank’s communications and external relations department made available to journalists, yesterday, said the strategy was approved on May 27.

It said the approval also incorporated emerging developmental realities and opportunities shaping Nigeria’s political and economic landscape, including the postCovid-19 period. The statement quoted a senior director for AfDB in Nigeria, Mr Ebrima Faal, as re-affirming the institution’s support for
Nigeria’s socio-economic advancement.

“In the implementation of the CSP, the bank will also support Nigeria to address economic shocks associated with the Covid-19 pandemic and oil price shocks. “We will do this by focusing our interventions in sectors that will strengthen public health infrastructure and accelerate efforts…

Source: Leadership Newspaper