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The African Development Bank has appointed Ebrima Faal as the Director of its Nigeria Country Office in the bank’s largest regional member country, according to a statement released on Thursday.

Faal’s appointment was announced weeks after the AfDB approved a $600 million loan for Nigeria as part of a $1 billion budget support facility designed to facilitate the implementation of the government’s programmes.

The Abidjan-based multi-lateral lender said Faal, a Gambian national, will oversee a portfolio of over $5 billion and deals with 36 states of the Federation and the Federal Capital Territory.

“Ebrima Faal brings extensive leadership in operations management from his many years of experience within the African Development Bank and other international financial institutions,” said Dr. Akinwumi Adesina, President of the AfDB. “As a Senior Director in charge of the Nigeria Country Office, Ebrima’s solid experience in economics, public financial management and operations management will help in further developing and managing the wide public and private sector portfolios in Nigeria, the largest regional member country of the Bank.”

Faal has spent nearly 25 years working at the AfDB and the International Monetary Fund. He currently serves as the Director of the Office of the Senior Vice President, where he provides oversight for operations across different departments and vice presidencies of the Bank. He was the Regional Director for the Southern Africa Resource Centre (2011-2014), where he managed portfolio operations of $6 billion.

Faal holds a bachelor's degree in Commerce, Economics and Accounting from Mount Allison University, Canada; a master’s degree in Economics from McGill University, Canada; and is currently a PhD candidate at McGill University, Canada. His appointment will take effect from December 1, 2016.