NIGERIA TO GAIN FROM AFDB INFRASTRUCTURE REFUNDING
$56 billion has been approved by The Board of African Development Bank, AfDB, to scale up industrialisation in Nigeria and other African countries on the content over the next ten years under its Industrialisation Strategy for Africa 2016-2025. The bank in a statement stated: “The Strategy, approved by the Board, represents a roadmap for implementing priority programs to scale up the industrial transformation of Africa. “It addresses key issues such as: (i) Why we need to industrialise Africa; (ii) What it will take to industrialise Africa; and (iii) How AfDB will help to industrialise Africa. “In designing the strategy, the Bank underscored the vital roles that industrialisation plays in development as it leverages all the value chains of economic activity ranging from raw materials to finished products. It catalyzes productivity by introducing new equipment and new techniques, increases the capabilities of the workforce, and diffuses these ...