The federal government has highlighted the strategic role of the African Export-Import Bank (Afreximbank) in advancing the country’s economic transformation, crediting the financial institution with backing critical infrastructure and industrial projects over the past three decades.

In a social media post celebrating Afreximbank’s 30th anniversary, the government listed seven flagship projects as emblematic of the bank’s contributions to national development, aligning them with President Bola Tinubu’s “Renewed Hope” agenda.

“Afreximbank has been a transformative partner to Nigeria — unlocking investment, driving growth, and funding critical sectors,” the post read, adding that the projects are “shaping our nation’s future.”

At the top of the list is the \$19 billion Dangote Refinery, described as Africa’s largest and most ambitious refining project. Backed in part by Afreximbank, the refinery is expected to significantly reduce Nigeria’s dependence on imported petroleum products and bolster energy security. Officials say it is a “game-changer” for Nigeria’s industrial base.

Also cited was the African Medical Centre of Excellence in Abuja a state-of-the-art hospital and research hub targeting non-communicable diseases such as cancer and diabetes. The facility aims to curb medical tourism and enhance health innovation in West Africa.

Further investment has gone into African Quality Assurance Centres located in Ogun and Kaduna States. These centres are designed to help Nigerian products meet international standards, improving export competitiveness and boosting non-oil revenue through trade.

The announcement came amid the 31st Afreximbank Annual Meetings (AAM2025) held in Nassau, The Bahamas, where African leaders and financial experts gathered to assess the bank’s impact on continental development.

Afreximbank has been instrumental in funding infrastructure, healthcare, manufacturing, and energy projects across Nigeria since its inception in 1993. The bank’s support has become increasingly vital as Nigeria seeks to diversify its economy and reduce its reliance on crude oil.

Government officials say the collaboration with Afreximbank reflects the Tinubu administration’s push for transformative leadership, transparency, and sustainable economic growth.

“The Renewed Hope Agenda is not just a slogan; it is a blueprint for inclusive growth powered by innovation, trade, and infrastructure,” said a senior presidency source who asked not to be named, as the statement was made on behalf of the government’s media team.

The government also signalled plans for deeper engagement with multilateral partners, especially as the country pushes for domestic industrialisation and job creation in the coming years.