Business

AfDB Secures 15.6 billion dollars for Construction of Lagos Abidjan Corridor

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The African Development Bank, AfDB, has announced that the African Investment Forum has secured $15.6 billion of investment interests for construction of the Lagos-Abidjan highway corridor.

President of AfDB, Akinwumi Adesina, disclosed that the transport sector in West Africa plays a key role in the economic development of the region and generates at least five to eight per cent of its Gross Domestic Product, GDP.

Written by: Helen Obih

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The premier of the British Virgin Islands, Andrew Fahie, has been replaced after his arrest in the US on drug smuggling charges. With the approval of its governor, John Rankin, His deputy, Natalio Wheatley has been sworn in. A no-confidence motion was backed by the overseas territory's assembly on Thursday. The inquiry's recommendation, which was unrelated to Fahie's arrest, came amid concerns about corruption on the islands.

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