• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, July 1, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

AfDB targets to build back Africa boldly, smartly

The Matters Press by The Matters Press
September 1, 2020
Reading Time: 3 mins read
0
Nigeria gets AfDB’s $14m as member of ATI

AfDB

AfDB

Tanko Mohammed

RELATED POSTS

Nigeria ready to fill gas gap in Europe

Buhari wants boost in Nigeria-Portugal trade

Stock market gains N8.15bn in bullish trading

President of the African Development Bank (AfDB), Akinwumi Adesina, who was re-elected for a second five-year term on August 27, has been sworn-in and promised the bank would help Africa “build back boldly, but smartly’’ as coronavirus pandemic persists,

Adesina who was unanimously re-elected by the Board of governors after successfully fighting back allegations that had called into question his integrity, said on Tuesday that he would pay greater attention to quality growth especially in the areas of health, climate and the environment.

The swearing-in ceremony and oath-taking which took place on September 1, 2020 was attended by Heads of States, governors, and over 200 external stakeholders who joined physically and virtually.

“Today, a rainbow stretches from the 81 member countries of the African Development Bank across the deep blue skies of Africa, with one message — the rain is gone. Gone are the dark clouds that held us down.’’

Restating his humility, as said: “I will be the President for all’’.

Stating his achievements in the last five years, he said: “The High5s of the Bank (Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life of the people of Africa) which were developed to accelerate the delivery of the Ten-Year Strategy, have been implemented with deliberateness, speed and rigor.

ALSO READ  Adesina, AfDB President finally defeats whistle-blowers

The High5s have taken hold on the continent and become the keys for accelerating Africa’s development. The UNDP has shown that achieving the High5s would lead to achievement of 90% of the SDGs and the Agenda 2063 of the African Union.

He reported that the period enabled 18 million people with access to electricity; 141 million people had access to improved agricultural technologies for food security; 15 million people with access to finance from private investments; 101 million people with access to improved transport from infrastructure and 60 million people with access to water and sanitation

“We’ve achieved impressive results. The Bank’s High5 programmes have impacted 335 million people. That’s what the African Development Bank – your Bank – is all about … ‘people impact’.

“Our non-sovereign operations for the private sector increased 40% from $1.5 billion in 2015 to $ 2.1 billion in 2019, with the highest level of $ 2.5 billion achieved in 2016.’’

He said that through Africa Investment Forum in 2018 and 2019, AfDB was able to attract a combined $78.8 billion worth of investment interests into Africa.

ALSO READ  Oil, gas firms owe Nigeria N1.32trn

Aside delivering more for women with the implementation of the Affirmative Finance Action for Women (AFAWA), to leverage $3 billion for women and women businesses, he said AfDB launched a Gender Equality Trust Fund.

“You the shareholders supported the historic General Capital Increase of the Bank, raising the capital of the Bank from $93 billion to $208 billion. This represents an increase of $115 billion, the highest in the history of the Bank.’’

“Winning for Africa’s development is what you set us up to do!’’

He said that youth unemployment and migration out of Africa must give way to a glowing light of successful youth-driven businesses across Africa. Africa’s youth must stay in Africa, develop Africa, and project Africa’s future.

His new vision is to “build a stronger institution; strengthen human capacity; enhance effectiveness; deepen quality and impact Maintain financial sustainability and improve human resources.

Adesina, Nigeria’s former Minister of Agriculture and Rural Development, was initially appointed President of AfDB in 2015.

The 60-year-old Nigerian was the sole candidate for the helm of the multilateral lender and was voted by the AfDB’s governors during its 55th annual meetings, which opened virtually on Wednesday, August 26, 2020.

ALSO READ  Assets in Insurance sector hits N2.1trn in 2021

Dr Adesina had faced a two probes which cleared him of gross misconduct and abuse of office claims (https://www.theeastafrican.co.ke/tea/business/afdb-chief-akinwumi-adesina-re-elected-for-second-term–1926718) .

He told the AfDB’s governors at the opening of the meetings that he sought re-election with a strong sense of duty and commitment to serve.

“I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me,” he said.

Whistleblowers accused the former Nigerian agriculture minister of graft, poor management, personal enrichment and favouritism.

Both the Ethics Committee of AfDB and the Bureau of the Board of governors exonerated him of any wrongdoing but the United States government, one of the shareholders of the bank, insisted on an independent investigation.

A panel of three of independent auditors, led by former Irish president Mary Robinson carried out its own review. The others on the panel were Gambia’s Chief Justice Hassan Jallow, and the World Bank’s former integrity vice president, Leonard McCarthy.

Its report, issued on July 28, said Dr Adesina had been properly investigated and that the panel “concurs with the (ethics) committee in respect of all the allegations” against him.

Tags: Adesina
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria targets Trans Saharan, Europe gas market
Business

Nigeria ready to fill gas gap in Europe

June 30, 2022
Global trade’ll grow to $30tn by 2030
Economy

Buhari wants boost in Nigeria-Portugal trade

June 30, 2022
Trading in Nigerian stock market dips further N83bn
Business

Stock market gains N8.15bn in bullish trading

June 30, 2022
Nigeria disburses N56bn to MSMEs
Economy

Bank pledges to support MSMEs

June 30, 2022
Group bemoans level of crude oil theft
Economy

Nigeria moves to tackle crude oil theft

June 30, 2022
EU approves 820m Euro for Nigeria’s digital economy
Economy

EU pledges support for Nigeria’s economic integration, diversification

June 30, 2022
Next Post
Jaiz Bank expands with new branches

Naira gathers strength against dollar

China’s trade surplus with U.S dips

Nigeria records trade deficit

Leave a Reply Cancel reply

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

Recommended Stories

Nigeria resolves to recruit qualified teachers

Nigeria resolves to recruit qualified teachers

June 8, 2019
AKK gas pipeline project to be completed early 2023

Lekkki deep sea port will regain its maritime business

May 5, 2022
17,000 Boko Haram fighters surrender as worried military seeks assistance

17,000 Boko Haram fighters surrender as worried military seeks assistance

November 13, 2021

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • Highest score in Common entrance, NECO unveils placement policy

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria ready to fill gas gap in Europe
  • Buhari wants boost in Nigeria-Portugal trade
  • Stock market gains N8.15bn in bullish trading

Categories

  • Agriculture
  • Business
  • Economy
  • Entertainment, Religion
  • Features
  • Foreign
  • Health
  • Multimedia
  • Natural Resources
  • News
  • Opinion
  • Photo
  • Politics
  • Security
  • Special News
  • Sports
  • Technology
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • 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?