- AFREXIMBANK has invested $52 billion in Nigeria, making it the largest recipient of the bank’s trade and development funding.
- The bank’s initiatives include the African Quality Assurance Centre in Kaduna and the African Medical Centre of Excellence in Abuja, opening in June 2025.
- AFREXIMBANK plans to establish a $5 billion Africa Energy Bank in Abuja to support energy security and sustainable projects across Africa.
The African Export-Import Bank (AFREXIMBANK) has invested $52 billion in Nigeria, making it its most significant trade and development financing recipient.
AFREXIMBANK President Prof. Benedict Oramah announced this during a meeting with Finance Minister Mr. Wale Edun in Abuja. Oramah emphasised Nigeria’s critical role in the bank’s projects, stating, “Nigeria has received $52 billion in cumulative disbursements from Afreximbank, becoming the largest beneficiary.”
He outlined Nigeria’s leading position in several flagship projects, including initiatives in industrialisation and healthcare. AFREXIMBANK established the African Quality Assurance Centre in Kaduna to ensure Nigerian goods meet international standards, with plans to build more centres across Africa.
Oramah highlighted the bank’s contribution to Africa’s economic transformation, revealing that AFREXIMBANK had disbursed over $140 billion across the continent in the last decade, fueling industrial growth.
AFREXIMBANK funded the African Medical Centre of Excellence in Abuja in Nigeria’s healthcare sector. The centre, opening on June 5, 2025, will address neglected diseases affecting Africans and aim to position Nigeria as a hub for medical tourism.
Turning to the energy sector, Oramah unveiled plans for the Africa Energy Bank in Abuja, starting with $5 billion in capital. AFREXIMBANK will contribute $1.25 billion to finance energy projects to ensure Africa’s energy security and promote sustainable energy solutions.
Prof. Oramah and Minister Edun signed a Memorandum of Understanding (MoU) for Nigeria to host AFREXIMBANK’s Annual General Meeting (AGM) in Abuja in June 2025, reflecting the strong partnership between Nigeria and the bank.
In addition, AFREXIMBANK will inaugurate the Africa Trade Centre in Abuja on April 10, 2025, reinforcing Nigeria’s status as a leading hub for trade and investment in Africa.
Minister Edun acknowledged AFREXIMBANK’s support and reaffirmed Nigeria’s commitment to leveraging these investments for national development.