Nigeria got a lifeline on Monday as the African Development Bank (AfDB) said it would support the country with the sum of $1 billion to help it address the N2.2 trillion deficit in the 2016 budget. AfDB President, Akinwunmi Adesina, who disclosed this to State House correspondents after meeting with Vice President, Yemi Osinbajo, and the Economic Management Team (EMT) at the State House, Abuja, said the facility would attract a 1.2 per cent interest. This is Adesina’s first official visit to his country of origin since he became president of the bank last year. He said that between 2016 and 2017 the bank would provide the sum of $4.1 billion to Nigeria to fund power, infrastructure, agriculture and the private sector and the Small and Medium size Enterprises financing and lending scheme. Adesina said the bank’s lending portfolio in Nigeria would grow to a total of $10 billion by 2019. Disagreeing with those saying Nigeria is in a debt crisis, the AfDB president said Nig...