Buhari in closed door meeting with President of the African Development Bank

President Muhammadu Buhari is currently in a closed-door meeting with the President of the African Development Bank, Dr Akinwumi Adesina, at the Presidential Villa, Abuja.

The reason for the meeting is still unknown but we are still waiting for the outcome from the meeting.

The Federal Executive Council (FEC) had on Wednesday approved the request to obtain a loan of 150 million dollars from the African Development Bank (AfDA) to finance the Nigerian Electrification Project.

The project is said to benefit about 500,000 people while 105,000 households would have access to electricity supply.

The Minister of Finance, Mrs Zainab Ahmed, on Wednesday, told State House correspondents that the electrification project aligned with the strategy of the federal government on electrifying rural communities.

“The maximum power that will be generated will be 76.5 megawatts installed generating capacity, part of which is 68,000 megawatts of solar,’’ she said.

Adesina was elected as the 8th President of the African Development Bank on Thursday, May 28, 2015.

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