AfDB approves Nigeria’s new 5-year Country Strategy Paper

Nigeria needs urgent economic diversification for COVID-19 recovery

The African Development Bank (AfDB) on Friday, announced the approval of Nigeria’s Country Strategy Paper (CSP) 2020-2024 by its board of directors. The approval granted on May 27, 2020, according to a statement by the bank, builds on the successes and challenges of the 2013-2019 strategy, while incorporating emerging developmental realities and opportunities shaping the nation’s politico-economic landscape, including in the post-COVID-19 period. A statement by Olufemi Terry of the AfDB’s Communication and External Relations Department, quoted Ebrima Faal, senior director for the bank in Nigeria, as re-affirming its support…

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