ROLE OF AFRICAN DEVELOPMENT BANK IN NIGERIA ECONOMIC DEVELOPMENT

The urgent need to establish a financial institution that will carter for the development of various sector of the African economy brought about the emergence of the African development bank. Also when the African government realized that the central bank are commercial banks could not provide bring financial developmental services, the development banks were specially established to bring the gap. The objective of the research is to appraise the activities of ADB and highlight the efforts that ADB plays in acceleratory the economic development in Nigeria and African in general. The study examined the banking history the evaluation of mechanism of credit from the civilization of antiquity to its organization as in banking toclary was examined. Thus the researcher recommends among others that capital of the bank be increased by regional members and should cease from tending to countries who persistently refuse to pay their debt.