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matthew·Investment· about 2 months ago

North-East Leads as AfDB Portfolio in Nigeria Hits $6.2bn

North-East Leads as AfDB Portfolio in Nigeria Hits $6.2bn

The African Development Bank’s 2025 portfolio in Nigeria reached $6.2 billion across 53 projects in all 36 states and the FCT. The largest investment is the $259.5 million Inclusive Basic Service Delivery and Livelihood Empowerment Programme in the North-East, covering water, sanitation, healthcare, education and women’s agribusiness support. By December 2025, 45 of 60 health facilities under the North-East programme were completed or nearing completion. Over 18,000 pupils received school furniture and learning materials, 1,105 MSME start-ups got support, 1,507 women-led agribusiness groups benefitted and 3,268 vulnerable people received cash transfers or productive assets. In the South-East, $171.3 million in project approvals saw only $30.9 million disbursed by the end of 2025. The Ebonyi Ring Road Project drew $29.6 million of its $54.6 million approval, but Abia State’s infrastructure project released just $0.13 million of its $115 million allocation. Other programmes in Imo and Enugu remain at early stages or awaiting contract awards. Overall disbursement in Nigeria stood at 53%, and flagged “at-risk” operations fell from 42% to 25%. The review highlights challenges such as start-up delays, procurement hurdles and counterpart funding shortages, showing that approvals don’t always translate into immediate results.

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