The Vice President, Senator Kashim Shettima has departed Abuja to represent President Bola Ahmed Tinubu at the crucial International Development Association (IDA21) Heads of State Summit taking place in Nairobi, Kenya.
The high-level gathering, hosted by Kenyan President William Ruto, will see African leaders unite to call for an ambitious replenishment of the World Bank’s International Development Association (IDA) concessional lending arm.
VP Shettima is expected to take a lead role in advocating for Nigeria’s vision of a transformative IDA21 financing package to accelerate development across the continent over the 2024-2026 period.
While thanking donors for contributing $23.5 billion to the current IDA20 cycle, the communique states that the level of financing is inadequate to meet the massive investment needs.
It called on “IDA Partners/Donors to Step up and Ensure a Robust Replenishment for IDA21.”
The Nairobi Summit follows previous IDA gatherings in Abidjan in 2022 and Dakar last year where African Leaders United called for an ambitious IDA20 replenishment from donors.
