Subsequent to the launch of the African Development Bank’s (AfDB) Nigeria office in Abuja last Thursday, Mr. Akinwumi Adesina, interacted with journalists regarding the bank’s investments in the country, explaining, among other things, what Africa’s infrastructure building and job creation strategies should be in the next 10 years.
On China:
At the AfDB, we have a $2 billion facility that is called ‘Africa Growing Together Fund’ and it is funded by China to support investments in infrastructure. Whether it is rail, roads, transnational highways today, no other nation in the world is investing more in Africa than China. –The Guardian/
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It would be great to hear about over development initiatives beyond infrastructure because roads alone cannot lift masses out of poverty, especially if they cannot afford fuel to use those roads. The AfDB seems to have fully embraced the Chinese model of development but what African development priorities are they incorporating?
