Press Release<\/p>\n
FG replenishes $500 million Trust Fund to spur private sector growth of inclusive development across Africa<\/p>\n
In a significant step towards promoting African economic growth and development, the Federal Government has signed a landmark agreement with the African Development Bank (AfDB) to replenish the Nigeria Trust Fund (NTF) with $500 million and extend its operation through 2040.<\/p>\n
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, signed the agreement in Abidjan on the sidelines of the AfDB Annual Meetings, with outgoing AfDB President, Dr. Akinwumi Adesina, representing the Bank.<\/p>\n
Established in 1976, the Nigeria Trust Fund provides concessional finance to support critical development projects across low-income African countries. This latest replenishment reaffirms Nigeria\u2019s commitment to African solidarity and economic transformation\u2014anchored in President Bola Ahmed Tinubu\u2019s Renewed Hope Agenda.<\/p>\n
Importantly, the Fund will catalyse high-impact investments, particularly in infrastructure, agriculture, education, and health\u2014opening new pathways for Nigerian private sector participation in cross-border development initiatives.<\/p>\n
The Minister noted that the agreement *is not just an act of generosity\u2014it is a strategic investment in Nigeria\u2019s future and the prosperity of our neighbours.<\/b>* Stressing that, *A stronger continent means greater opportunity for our people and our businesses<\/b>*<\/p>\n
Signed
\nMohammed Manga *FCAI<\/b>*
\nDirector, Information and Public Relations
\nMay 30, 2025<\/p>\n
www.finance.gov.ng<\/p>\n","protected":false},"excerpt":{"rendered":"
Press Release FG replenishes $500 million Trust Fund to spur private sector growth of inclusive development across Africa In a significant step towards promoting African economic growth and development, the Federal Government has signed a landmark agreement with the African Development Bank (AfDB) to replenish the Nigeria Trust Fund (NTF) with $500 million and extend […]<\/p>\n","protected":false},"author":4,"featured_media":146359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[79,2,5,18],"tags":[1359,100,1358,1360],"class_list":["post-146358","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","category-featured","category-finance","category-news","tag-500m","tag-fg","tag-replenishes","tag-trust-fund"],"yoast_head":"\n