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).
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.