• Privacy Policy
  • Terms
  • About us
  • Contact Us
Tuesday, February 7, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

Energy Chamber drums support for Adesina, AfDB boss

The Matters Press by The Matters Press
April 20, 2020
Reading Time: 3 mins read
0
Egypt’s economic strides excite AfDB

Akinwunmi Adesina. AfDB's President

Akinwunmi Adesina. AfDB’s President

The African Energy Chamber has endorsed President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, for his second term bid.

RELATED POSTS

Agriculture accounts for 23.78% of GDP

3 ships discharge frozen fish at Lagos ports – NPA

NUPRC gazettes 5 oil industry regulations, completes 6 others

The African Energy Chamber reports that it from time to time disagreed with the AFDB, but it is a force for good in Africa and have seen a lot of changes under Dr Adesina.

“The African Energy Chamber endorses and supports the candidacy of this champion for energy in Africa, based on a sterling record in his first term, and his prioritizing of electricity access as a pillar of the bank’s activities.

“Energy poverty is a challenge and he is the best suited person to confront this challenge.

“Dr Adesina brought strong experience of private-sector led growth and wholesale reform from his successful tenure as Nigeria’s minister of agriculture from 2011 to 2015.’’

As president of AfDB from 2015, it said Adesina led comprehensive much needed reform programs and new initiatives that have put the bank at the forefront of African development financing on the global stage.

ALSO READ  Luxury items, drinks to attract more VAT

Dr. Adesina, a former Nigerian minister of Agricuture, has worked hard to bring an independent voice to the African Development Bank that believes in free markets principles and good governance.

“His fight for accountability and responsibility in all facets of the AFDB have brought positive changes not only to the AFDB but to everyday Africans and the results are impressive.’’

It listed some key initiatives to include the decentralization of AfDB’s activities to regional offices, the launch of the Africa Investment Forum in 2018, and significant progress towards meeting the African Union’s 2063 goals through the bank’s High 5 strategic priorities – one of which is ‘Light Up and Power Africa’. Through its work in this area, AfDB has helped bring power access to 18 million people.

The Africa Investment Forum, held for the first time in 2018 in Johannesburg, mobilized $38.7 billion of investment into Africa, and $40.1 billion in its 2019 edition.

ALSO READ  Nigeria’s exports non-oil products worth $2.6bn

“Dr. Akinwumi Adesina’s achievement is twofold. He has positioned and firmly established the African Development Bank as the primary actor in development financing in Africa, with a huge emphasis on energy and a reform-based, private-sector led approach. He has matched this with a commitment to putting people first.,” said NJ Ayuk, Chairman of the African Energy Chamber.

“For many years, the AFDB did not mean much to everyday Africans, the energy sector and African businesses.

Dr Adesina changed that and over the last few years, his uncanny ability to transcend and embrace Africa’s diversity has been a huge plus to the continent.

The coalitions he has built with Americans, Europeans, Asians have all been for the benefit our continent and improving quality of life in a huge way for millions of people through investments in electricity access and its advocacy for energy sustainability.” Added Ayuk

Under Dr Adesina’s leadership, the AfDB has supported the building of renewable energy facilities. It has been a steady voice in promoting the responsible use of Africa’s energy resources and action on mitigating the impact of climate change on African economies.

ALSO READ  AfDB, AU sign agreement for institution capacity building

“Africa should use what it has and not what it doesn’t have. We have limitless sunshine and great potential for wind, hydro and geothermal,” he said on the sidelines of the COP22 climate change conference in 2016. “We need a balanced energy mix. Some African countries have gas and coal, which can be used in a clean way, and they should use it.”

The challenges facing millions of Africans with from Covid 19, infrastructure deficit, energy poverty, transparency and economic diversification are greater than ever before, and Africa needs individuals like Dr Adesina in leadership positions to help the AFDB better serve this continent that many of us call home.

It is with careful consideration that the African Energy Chamber and the private sector supports another term for Dr. Akinwumi Adesina, a man of compassion, integrity, and action as President of AfDB for a healthier and a more hopeful Africa.

Tags: AfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria to rebase CPI, GDP
Economy/Technology

Agriculture accounts for 23.78% of GDP

February 7, 2023
Council seeks incentives to boost indigenous ship operations
Economy/Technology

3 ships discharge frozen fish at Lagos ports – NPA

February 7, 2023
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

NUPRC gazettes 5 oil industry regulations, completes 6 others

February 7, 2023
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers
Economy/Technology

Food traders lament spoilage due to low patronage as banknotes crunch bites harder

February 7, 2023
FIRS deploys tech platform for tax collection
Economy/Technology

LIRS, FIRS sign pact on tax audit

February 7, 2023
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Stock market extends gains by N81bn

February 7, 2023
Next Post
Curfew in Nigeria

Curfew in Nigeria

Ministers, portfolios, Buhari’s speech

Buhari's 3rd broadcast on COVID-19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Luxury items, drinks to attract more VAT

Nigeria to release heavy capital fund, increases capital for bank

November 14, 2019
Nigeria establishes cottage poultry processing facility to transform livestock

Nigeria establishes cottage poultry processing facility to transform livestock

November 23, 2021
Maritime sector critical to economic growth — Shippers

Angry maritime workers union shelves strike

March 1, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Agriculture accounts for 23.78% of GDP
  • 3 ships discharge frozen fish at Lagos ports – NPA
  • NUPRC gazettes 5 oil industry regulations, completes 6 others

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?