Buhari made the pledge at the opening of the 10th anniversary of the AWF in Abuja, the nation’s capital city.
The facility provides grants and technical assistance for governments, development NGOs and public-private partnerships to secure investments and implement sustainable water projects in Africa.
Buhari, represented by the Minister of Water Resources, Suleiman Adamu, said there was the need to close the funding gaps in water resources development.
According to him, African countries must deliberately put policies in place to scale up access to water in the region.
“Statistics show that Africa is facing challenges in the development and management of its water resources potential to meet potable water demand, sanitation, irrigation, hydro-power and trans-boundary water management,” the Nigerian leader said.
“We must continue to find ways of tapping some of the huge amounts of funds within the local financial and international capital markets,” he added.
The Vice President of the African Development Bank (AfDB), Aly Abou-Sabba, said in its 10 years of existence, the bank had attracted investments and new approaches to improve the lives of Africans.
He said there was the need for all African countries to begin to scale up access to water, saying it’s saddening to note that the region uses only 4 per cent of its water resources.
The African Water Facility was established in 2004 as an initiative of the African ministers council on water, to mobilize resources for the water and sanitation sector and the Africa Water Vision 2025.
It is managed by the African Development Bank. Enditem