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AfDB urged to end poverty in Africa

AfDB Nigeria Country Office building, Abuja

Nigeria has urged the African Development Bank, AfDB, to lead the fight to end extreme poverty ravaged states in Africa by 2030.

The Minister of Finance, Kemi Adeosun, made the call at the inauguration of the new AfDB Nigeria Country Office building in Abuja.

Mrs. Adeosun said considering Nigeria’s contributions to the bank since its inception, the country has demanded to be allowed to host the bank as its West Africa regional hub.

“Being the largest shareholder of AfDB since inception and the country with the largest portfolio of projects, we think Abuja – Nigeria is the natural and logical place for the Bank’s regional hub,” she said.

Nigeria, the minister explained, was a great place to do business, based on the recent World Bank 2018 Ease of Doing Business Report which adjudged the country as one of the ten most improved economies in the world in 2017.

From left; Emir of Kano Mohammadu Sanusi II; Wife of the President of African Development Bank group, Mrs Grace  Adesina; : President of African Development Bank group, Dr Akinwumi Adesina; Vice President Yomi Osinbanjo; Minister of Finance, Mrs Kemi Adeosun; and  Gov Abdullahi Ganduje of Kano, during the inauguration of AfDB Nigeria country Department Complex  in Abuja on Thursday (18/1/18).
00365/18/1/2 018/Johnson Udeani/ICE/NAN

Mrs. Adeosun, who described the challenge of ending extreme poverty and boosting capacity for shared prosperity as the bottom-line, said the government was determined to work with AfDB and other partners to fight poverty and reach the milestone.

She noted AfDB’s role on poverty alleviation and development in Africa, saying Nigeria in particular needs the bank and its programme ‘High 5s’ to realise these objectives.

The AfDB’s programme of the ‘High 5s’ deals with investing more in infrastructure, agriculture, education, healthcare, and increased access to affordable energy and water.