{
  "id": 14137859,
  "title": "Nigeria, AfDB to review $6.2 billion project portfolio",
  "url": "https://urgent.news/2026/10/13/nigeria-afdb-to-review-6-2-billion-project-portfolio",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T06:40:30.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/13/nigeria-afdb-to-review-6-2-billion-project-portfolio/"
  },
  "original_language": "en",
  "account": "Nigeria and the African Development Bank (AfDB) have reached an agreement to assess the country’s $6.2 billion project portfolio. The review aims to identify challenges, speed up delivery, and align operations with Nigeria’s government priorities. This partnership marks the largest shareholder relationship between Nigeria and the AfDB. The portfolio consists of 55 public and private sector operations, representing the bank’s biggest project portfolio in Africa. Nigerian Finance Minister Taiwo Oyedele and AfDB President Sidi Ould Tah discussed the agreement in Bangkok, reaffirming Nigeria’s commitment to the bank and its capital subscription obligations. Ould Tah, known for his Four Cardinal Points agenda, emphasized the bank’s focus on financing gaps, financial sovereignty, demographic dividends, and resilient infrastructure. The two officials also addressed the high borrowing costs faced by African nations, particularly the issue of credit ratings not always reflecting economic improvements. In response, AfDB is developing a facility to provide technical and analytical support to African governments in their dealings with credit rating agencies. The review will build on AfDB’s existing financing commitments to Nigeria and follows broader efforts to reduce borrowing costs across the continent.",
  "summary": "Nigeria and the African Development Bank (AfDB) have agreed to review the country’s $6.2 billion project portfolio to identify implementation challenges, accelerate project delivery and align ongoing operations with the Federal Government’s priorities. The post Nigeria, AfDB to review $6.2 billion project portfolio appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}