AfDB to Support Nigeria, Others on Industrial Policy

Enterprise Television- AfDB to Support Nigeria, Others on Industrial Policy

The African Development Bank (AfDB) has said it will support Nigeria and four other African countries with industrial policies to help boost development in the region.

AfDB Manager, Industrial Development, Mr Alhassane Haidara, disclosed this in an interview in Abidjan, Cote D’ Ivoire. He said the four other countries include Senegal, Ethiopia, Morocco and Algeria.

According to him, the bank in partnership with UNIDO will help the countries in developing policies that will drive industrial development in various sectors of the economy.

This, he said, would go a long way to boost economic development and increase foreign direct investment.

He said the bank would also, through the policies, support capital markets by boosting the market liquidity. He added that the policies would support the growth of small businesses, stressing that industrial clusters would be established in all the five regions in Africa.

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