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AFDB president says Abidjan- Lagos highway corridor secured $15.5 billion investment interest.

Dr Akinwumi Adesina, President of African Development Bank, AfDB, said that the Abidjan-Lagos highway corridor has secured $15.5 billion investment interest.

Mr Adesina said this while welcoming participants at the 2023 Africa Investment Forum, AIF, Market Days in Marrakech, Morocco on Wednesday.
The event has as its theme, ”Unlocking Africa’s Value Chains”.

Mr Adesina said the corridor will transform the entire West African region and speed up regional integration, sustainable economic development and trade.

”In 2022, investment interests were secured for 3.6 billion dollars for the East Africa Railway Corridor, linking Tanzania, Democratic Republic of Congo and Burundi.

”We are delighted that the AIF has so far closed on deals’ investment gaps worth 11 billion dollars.

”This ranged from liquefied natural gas, renewable energy, agribusiness, industrial manufacturing, creative industry, housing, and transport.
“It is time again for investment action, it is time to do it again,” Mr Adesina said.

Ajibade Adegbayibi

I'm Adegbayibi Ajibade I am an award-winning professional journalist who engages in the gathering, investigation, analysis, and dissemination of news and information to the public.  Unveiling Truths through Pen and Lens, One Story at a Time. As an impassioned journalist with an unwavering commitment to capturing the essence of human stories, I believe in the power of words and images to shape perspectives and drive change.  Over the years, I have published over 75 articles in the print media while a number of uncountable news items have been aired on the electronic media in Nigeria. My journey in journalism has been fueled by a relentless pursuit of truth and a dedication to shedding light on the untold narratives that resonate with the hearts of the Nigerian people. Together, we can turn the ordinary into the extraordinary and shape a world where every story matters. Let’s unveil the truth, one story at a time. My Skills Reporting I report on current events, developments, and news stories happening locally, nationally, and internationally to create accurate and informative news reports. Interviews I conduct interviews with various individuals, including experts, public figures, and ordinary citizens, which is needed to gather firsthand accounts and opinions on a wide range of topics. Media Analysis I specialize in analyzing media trends, biases, and the impact of news coverage on society. Work Experience Chief Correspondent (Ondo State Now) I led the team of correspondents and reporters for the organization, ensuring efficient and high-quality news coverage across various beats and locations. Former head Of Information And Publicity (N.O.A) I managed the agency’s communication strategies, public relations, and information dissemination efforts. This role is crucial in promoting the agency’s objectives, programs, and policies to the public, stakeholders, and the media. Former senior Correspondent (THE OBSERVER) I provided in-depth and expert reporting on specific beats or topics. This plays a crucial role in delivering comprehensive and insightful news coverage to our audience. I played a significant role in the newsroom’s operations by working with the News Editor in overseeing news content production and dissemination. Special Correspondent (Tourism Magazine) I made reports on specialized areas, often involving in-depth reporting and expert analysis. This role goes beyond general news coverage and required me to bring unique insights and expertise to my reporting duties. Copyright © 2023 Adegbayibi Ajibade

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