- AfDB to Focus More on Power Sector in 2018
The Country Director, African Development Bank (AfDB), Mr Ebrima Faal, said the bank would focus mostly on power sector in 2018.
Faal said this during an interaction with newsmen at the newly-built Nigeria Country Department Office on Tuesday in Abuja.
He said the new office to be commissioned on January 18, was the first structure to be designed and constructed from scratch.
“The 2018 programme of the bank is focusing mostly on power sector, we have several solar projects that we are handling together with the world Bank and other partners.
”We are working together in some of these projects in Jigawa, Bauchi and Sokoto States among others.
“We also anticipate supporting the private sector in developing two large fertiliser plants for both internal and external use.
“There is a world class clinic of medical facilities called Santaclara Clinic located in Lagos, which we hope to finish.
”We are also working to provide lines of credit on cassava processing and agribusiness; those are the projects the bank will be supporting this year,” Faal said.
The Country Director said the Bank was planning to install solar panels once the commissioning ceremony of its new building was completed on Thursday.
He said the essence was to supplement the generation of more power that would allow the Bank to have additional sources to support both the building and the premises.
“We are in the process of installing solar thermal technology as additional source of cooling and lighting the new building and premises.
“We have already installed environmentally friendly chargers to charge electric cars for those that are using these type of cars.
“Last year was my first year, so when I came to Nigeria, we had already invested 1.6 billion dollars between the project support in the Northeast and some water projects,”he added.
He said the Bank was working closely with Nigeria and ECOWAS to achieve results.
According to him, the Bank maintains a robust and unique partnership with the Federal Government, which has been instrumentally important in the growth of the institution as a shareholder.
He said Nigeria was the largest shareholder with portfolio of over 5.5 billion dollars as at December 31, 2017, accounting for 13 per cent of the bank’s total portfolio.
Faal said in November 2009, the Bank’s Board of Directors approved the project to acquire premises for Field Offices, adding that works commenced in November 2011.
He said the detailed designs and tender documents were then finalised in August 2013.
