African Development Bank Approves New Five-Year Strategy For Nigeria
The Board of Directors of the African Development Bank has approved Nigeria’s Country Strategy Paper 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities shaping Nigeria’s political and economic landscape, including in the post-COVID-19 period.Ebrima Faal, Senior Director for the African Development Bank in Nigeria, re-affirmed the institution’s support for Nigeria’s socio-economic advancement.
These priorities have been selected to leverage Nigeria’s rich endowment of natural and human resources toward transforming the lives of its people. It is in this context that the new CSP has been customized to support government efforts in confronting challenges and to foster long-term, socially inclusive development.
Special focus will be put on supporting the Nigerian private sector, in terms of financing and advisory services, and on Public-Private-Partnership initiatives that enable innovative, long-term investment in energy, transport and water, and sanitation.
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