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Nigeria Holds The Most Shares in AfDB – Nmehielle



AFDB, Muhammadu Buhari, Akinwunmi

The African Development Bank (AfDB) on Thursday said Nigeria remained the highest shareholder of the bank with over nine per cent shares. The Secretary General of the bank, Prof. Vincent Nmehielle disclosed this at a press conference to announce the Annual General meeting of the bank

Naija News gathered that the meeting which will have the theme “Industrializing Africa’’ would be held in Busan, Korea between May 21 and 25th.

He said that it was false for some people to say that the bank was not an African bank noting that it had room to welcome non regional countries.

He noted that the Bank comprises of 80 member countries including 54 African countries and 26 non-regional countries.

“This is an African bank and Nigeria still remained the largest shareholder with over 9 per cent shares,’’ he said.

He added that America has a 6 per cent shares as a non regional member of the bank. He also lists other non-regional members to include Japan, Germany, Canada among others.

NAN reports that Nmehielle noted that the bank had received number of requests of interest from non- regional countries to join the bank.

According to him, the countries will be announced during the upcoming annual meeting in Korea.


Source: Naija News

Joshua Oyenigbehin is an introvert who is passionate about Storytelling, writing and teaching. He sees his imagination as an unsearchable world, more magical than a fairyland. He has written a novel and working on another.