Tag: AfDB President

“I didn’t say I’m running for President in 2027” –  AfDB President, Adesina

Aminu Imam
AfDB Adesina

…Rules himself out of race The AfDB president said his recent interview was misinterpreted and misrepresented in several Nigerian media reports. President of the African Development Bank (AfDB), Akinwunmi Adesina, has debunked reports associating him with the race for Nigeria’s presidency in 2027. Adesina was reported to have given a hint that he would be contesting for the presidency in 2027 following a recent interview. However, the AfDB president has denied the media reports, stating that he never said that he wanted to contest for president. In a post clarifying…

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‘Lack of electricity killing businesses in Nigeria’ AfDB President, Adesina

Aminu Imam
AfDB President, Adesina

President, African Development Bank Group (AfDB), Akinwumi Adesina, has said Nigeria is losing about 29 billion dollars annually due to a lack of reliable power supply. Adesina, who made this known during his lecture on Building a global Nigeria, to mark the 90th birthday anniversary of retired Gen. Yakubu Gowon in Abuja, said that it amounted to 5.8 percent loss in the nations Gross Domestic Product, (GDP). According to him, the major challenge facing Nigerias manufacturing industries was the high cost and unreliability of electricity supply. The AfDB boss said…

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‘Nigerias food importation policy could destroy countrys agriculture’ – AfFB President, Adesina

Aminu Imam
Akinwumi Adesina

President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina has said the decision by Nigerias government to allow massive food importation risks destroying the countrys agriculture. According to him, this follows the announcement by Nigerias Minister for Agriculture, Abubakar Kyari, on July 10, that the Federal Government would suspend duties, tariffs, and taxes on the importation of maize, husked brown rice, wheat, and cowpeas through the countrys land and sea borders, for 150 days. Adesina, who stated this while speaking to African Primates of the Anglican Church at…

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Agro-Industrial Programme: Security-embattled North-West Govs. head to Abidjan, to meet AfDB president

Aminu Imam

Seven State governors from the North-West geo-political zone are set to embark on a journey to Abidjan, Cte dIvoire, in a bid to harness the potential of the Special Agro-Industrialisation Programme. A statement released by the spokesperson for the Zamfara Governor, Sulaiman Idris, yesterday, noted that the State Governors will be going to Abidjan to explore the opportunities offered by the Agro-Industrial Processing Zones programme. The State governors are expected to have departed Nigeria yesterday. Idris also stated that the governors are scheduled to meet with the President of the…

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‘More people likely to die of hunger than Covid-19 in Africa’ – AfDB President, Adesina

Aminu Imam

President of the African Development Bank (AfDB), Akinwumi Adesina, has conveyed fears that hunger and food insecurity may kill more Africans than Covid-19. This was made known by the AfDB President at the Leaders Dialogue on ‘Africa Covid-Climate Emergency‘ event, organised by the Bank and the Global Center on Adaptation (GCA). According to Adesina, I think that the risks are probably much higher for many in Africa to die from hunger than Covid-19 pandemic. So, we must boost access to food and good nutrition because vaccines are important but only…

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Insecurity no longer political issue but economic threat – AfDB President

Aminu Imam

  Says terrorism is shrinking Africas investment space. The President of the African Development Bank, (AfDB), Akinwunmi Adesina, has said recent terrorist and bandits are shrinking Africas investment space. Adesina, in a series of tweets on Tuesday, said insecurity had grown from being a political problem to an economic challenge. Banditry has worsened insecurity in Nigerias northern region already bedevilled by Boko Haram and ISWAPs attacks. Recall that in February, Boko Haram terrorists launched multiple missiles on the outskirts of Maiduguri, killing several civilians. Also in the same month, bandits attacked…

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Akinwunmi Adesina sworn in as AfDB President for second term

Ishaku Yohanna

President of the African Development Bank, Dr. Akinwumi Adesina, has been sworn-in for a five-year second term. The swearing-in ceremony held Tuesday was attended by Heads of States, Governors and other stakeholders who joined physically and virtually. Adesina who was the Minister of Agriculture during the Goodluck Jonathan-administration was re-elected into office as president of the bank on August 27, 2020. He was first elected as President of the bank in May 2015; being the first Nigerian to occupy the position. Adesina is the first president to be elected by…

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Akinwunmi Adesina re-elected AfDB President

Ishaku Yohanna

Dr. Akinwumi A. Adesina has been re-elected to serve a second five-year term as President of the African Development Bank Group on Thursday, August 27, 2020 by the Board of Governors of the Bank. A globally renowned development economist and a World Food Prize Laureate and Sunhak Peace Prize Laureate, Dr. Adesina has distinguished himself in driving a bold agenda to reform the Bank and accelerate Africas development. He was first elected as President of the Bank on May 28, 2015. As newly re-elected President, Dr Adesina, a former Nigerian…

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