Zainab Ahmed, minister of finance, says the African Development Bank (AfDB) was very instrumental to Nigeria’s exit from its worst recession in decades.
The minister explained this on Thursday while speaking to CNBC Africa on the sidelines of the first ever Africa Investment Forum ongoing in South Africa.
She explained the role AfDB played in getting Nigeria out of recession while adding that the country will invest more in the bank, which she says is a catalyst for growth.
“AfDB is our bank. Together with South Africa, we are the largest investors in the AfDB, and we are looking to invest even more,” Ahmed said.
“It is a business that is doing very well, we are very happy with the progress that the AfDB is making and therefore we are situating ourselves to invest even more.
“AfDB has become a catalyst of growth; when Nigeria went into recession, it was AfDB that was the…
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