The African Development Bank Group (AfDB) has approved a new five-year Country Strategy Paper (2025–2030) for Nigeria, committing about $650 million every year to accelerate economic transformation, build resilience, and promote broad-based prosperity across the country.
Under the plan, the Bank will disburse $2.95 billion over the first four years, supplemented by approximately $3.21 billion in co-financing from development partners. The strategy targets two priority pillars:
1.Climate-smart infrastructure to enhance competitiveness and support industrial development.
2.Gender- and youth-inclusive green growth, focusing on industrialisation and agribusiness job creation.
AfDB Nigeria Office Director General Abdul Kamara commented, “This strategy takes a transformative partnership between the Bank and Nigeria to a new level. By investing in sustainable infrastructure and inclusive agricultural growth, we are not only building roads and power systems and transforming agriculture—we are building pathways to prosperity for millions of Nigerians.”
The initiative aims to help close Nigeria’s estimated $2.3 trillion infrastructure gap (2020–2043) through investments in roads, electricity expansion, clean water systems, and agribusiness support—particularly benefiting women and youth.
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