• July 24, 2021

Afreximbank Set To Boost Nigeria’s Economy, Infrastructure With $2.5 Billion Investment

=== AGENDAWATCHDOG === As part of its contribution to the growth of the Nigerian economy, multilateral financial institution, African Export-Import Bank (Afreximbank), says it has concluded plans to invest $2.5 billion in Nigeria for infrastructural development.

The proposal was made known by the President/Chairman. Board of Directors of Afreximbank, Prof. Benedict Oramah, when he led a delegation of the bank to visit the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha in his office.

READ ALSO = AfreximBank Plans $200m Infrastructure Fund In Ogun

According to Oramah,“We decided that giving the importance of Nigeria to the bank in terms of the share of membership of the bank, the pivotal role Nigeria is playing in the bank, and also the extent of activities we undertake in Nigeria, we decided that we should be coming periodically to brief the SGF that through him also, such briefing can be extended to the different agencies of government. So that as we implement our work, we will continue to receive the support we need.”

He pointed out that Afreximbank has done cumulative disbursements of almost $20 billion within the last 5 years in Nigeria, adding that his mission to the SGF was to brief him on other intervention programmes in the areas of establishment of the African Medical Centre for excellence and African quality assurance centre and also inform him of the plans to support Nigeria to begin to manufacture vaccines given the present Covid-19 situation in the country.

In his response, Boss Mustapha, expressed his appreciation for the numerous initiatives by the management of Afreximbank and their support to Nigeria’s economy.

Agenda Watchdog

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