• Pic: Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele., and Ould Tah, AfDB President, on the sidelines of the 2026 International Monetary Fund (IMF) and World Bank Group Annual Meetings in Bangkok, Thailand.
President Bola Tinubu is expected to present Nigeria’s development priorities to the President of the African Development Bank (AfDB), Dr Sidi Ould Tah, during a planned official visit to the country, as both sides seek to accelerate project delivery and strengthen development financing.
The development follows the signing of a joint technical review agreement by the Federal Government and the AfDB to assess the bank’s project portfolio in Nigeria and prepare for Ould Tah’s visit.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, signed on behalf of Nigeria, while Ould Tah represented the bank at the signing ceremony held on Monday on the sidelines of the 2026 International Monetary Fund (IMF) and World Bank Group Annual Meetings in Bangkok, Thailand.
According to a statement by Efe Ovuakporie, Head of Media, Oyedele reaffirmed Nigeria’s commitment to remaining the AfDB’s largest shareholder and meeting its capital subscription obligations.
He said the longstanding relationship between Nigeria and the bank should translate into increased development financing and tangible economic benefits.
Oyedele also expressed Nigeria’s support for Ould Tah’s strategic agenda, known as the Four Cardinal Points, which focuses on bridging Africa’s financing gap, strengthening financial sovereignty, harnessing the continent’s demographic dividend and building resilient infrastructure through the local processing of natural resources.
He said the agenda aligns with Nigeria’s development priorities.
The joint technical review is expected to identify implementation bottlenecks, accelerate project execution and ensure that ongoing AfDB-supported operations are aligned with the Federal Government’s development objectives.
Ould Tah’s proposed visit is expected to feature discussions with Tinubu, senior government officials and other stakeholders on Nigeria’s development priorities and strategic cooperation with the bank.
