By Adenike Lawal
Nigeria’s economic landscape is receiving a major boost as Afreximbank confirmed it has injected a staggering $50 billion into the nation’s economy over the past decade, fuelling growth across critical sectors and deepening financial resilience.
Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, disclosed this during the grand inauguration of the Afreximbank Africa Trade Centre in Abuja on Thursday, April 11, 2025.
He revealed that the massive investment has been pivotal in energising sectors such as energy, manufacturing, healthcare, transportation and, most notably, financial services.
“Over the last decade alone, total disbursements into Nigeria amounted to about $50 billion, spreading across vital sectors of energy, infrastructure, manufacturing, healthcare, transport and financial services,” Oramah stated, underlining the bank’s commitment to Nigeria’s sustainable growth.
Of this sum, an impressive $19 billion was channelled directly into strengthening the financial services sector, which continues to record robust expansion and deepen its role in driving the broader economy.
The newly unveiled Africa Trade Centre, a striking $120 million complex, stands as a testament to Afreximbank’s bold vision of accelerating trade and integration across Africa and the Caribbean.
Conceived in November 2021 and completed over a span of 41 months, the centre is set to become a hub for fostering investment, trade collaboration and regional unity.
Oramah described the centre as a beacon of opportunity, adding that it will serve as a powerful platform to connect markets, unlock new prospects for businesses and support Nigeria’s ambitious economic aspirations.
As Afreximbank deepens its footprint in Nigeria, experts believe the bank’s sustained investment drive will continue to catalyse economic development, create jobs and position the country as a leader in intra-African trade.
