The African Development Bank has said its active portfolio in Nigeria comprised 61 operations, with a total commitment of about $5bn as of December, up from $4.5bn in March 2019. The AfDB disclosed this on Friday while announcing the approval of Nigeria’s Country Strategy Paper 2020-2024 by its board of directors.
"Of the total active operations, 29 were in the public sector, with a commitment of $2bn (43 percent) and 32 non-sovereign operations with a total commitment of $3bn, equivalent to 57 percent of the total portfolio," it said.
The bank said the new strategy paper was approved by the board on May 27…
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