The African Development Bank said it plans to invest in Nigerian infrastructure and support policy there towards reducing poverty, according to a report in Vanguard.
At a joint meeting planned in Abuja, the bank will hold talks with Nigeria’s Ministry of Finance and the country’s National Planning Commission that focus on challenges and opportunities faced by Nigeria, while bringing in experiences and lessons from other countries, the report said.
Nigeria has shown an impressive 7 percent growth over five years due to improved economic performance and sustained policy improvements, the bank said. The forum will examine ways in the country can better reduce poverty and social inequality.
“Nigeria is one of Africa’s largest economies; however, the country continues to face challenges in using this growth to ensure substantial reductions in poverty and social inequality,” the bank said in a statement.