Akinwumi Adesina, president of African Development Bank (AfDB) has revealed that Nigeria secured $7.6 billion in investment pledges during 2024 Africa Investment Forum held in Morocco.
Gatekeepers News reports that the AFDB president made the revelation in a post on his official X account on Saturday.
Adesina expressed excitement about the investment commitments to the country and commended the active participation of several Nigerian state Governors at the forum.
He said, “I am delighted the Africa Investment Forum 2024 mobilised $7.6bn of investment interest for Nigeria.”
“It was great to have several State Governors: Lagos, Kaduna, Kastina, Kwara and Plateau, and (later) Ogun. We will keep working to support & boost investments to Nigeria.”
Africa Investment Forum (AIF) on December 6, 2024, announced that it recorded a total of $29.2 billion in new investor interests.
Adesina who is also the chairman of AIF said the achievement is truly outstanding, noting that the figure could increase as discussions and negotiations on additional investments are still going on beyond the 37 deals already prepared.
He further noted that 2024 Africa Investment Forum market days saw participation from 2,300 investors and delegates from 83 countries, a 60 percent increase compared to the previous year.
The president said, “The waves of the Africa Investment Forum are cascading investment ripples from Africa to all parts of the world…I am proud that we have achieved for Africa.”
“Across 41 investment boardrooms, investors and project developers gathered to review, discuss and engage on 37 investment projects. The projects varied from transport, power, energy, agribusiness, industry, mining, pharmaceuticals, private equity, tourism, urban infrastructure, water management and water and sanitation.”
Additionally, the Adesina noted that the forum has secured commitments from 15 new sponsors, including banks, insurers, and export credit agencies, for its upcoming editions.
