General
Obafemi Awolowo Foundation to Honour AfDB President Today
By Enyi Ejike-Umunnabuike and Maryam Nwachukwu
Dr Akinwumi Ayode Adesina, the current President and Chairman of the Council of the 20-member Board of the African Development Bank (AfDB) is an urbane man of all seasons. He is an intellectually over-achieving personality, with a high affinity for creativity, uncommon value-addition, skilled corporate governance competencies, a rounded knowledge base, experience, brilliance and intelligence.
Before 2015, he was Nigeria’s Minister of Agriculture and Rural Development.
During his period of development administrative stewardship, under President Goodluck Ebele Jonathan’s administration, Adesina left a highly enthralling scorecard as a political appointee of government, who was able the manage the positive gains of the electoral successes of that administration, achieving lots of feats, amidst very compelling and challenging circumstances.
Perhaps, the successes and lasting impressions that he left behind as Nigeria’s Minister provided a very unbiased career-premised evaluative template that found him worthy of selection and eventual endorsement as the most competent of all the candidates that vied for the exalted position.
This well-cultured, disciplined humble balanced personality will on March 6, 2024 (today), be honoured by the Obafemi Awolowo Foundation at the Lagos Continental Hotel with the prestigious Obafemi Awolowo Prize for Leadership.
As a tie-back to history, it will be recalled that the Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013.
Before Dr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the same award.
These include the Noble Laureate, Prof. Wole Soyinka; former South African President, Dr Thabo Mbeki; and the founder of the Afe Babalola University, Aare Afe Babalola.
A very significant aspect of this event is that it also coincides with the birth anniversary of the late foremost nationalist and statesman in whose memory the award was instituted.
The award is an initiative of the Obafemi Awolowo Foundation, set up in April 1992, to serve as the custodian of Chief Awolowo’s intellectual property and leadership legacy values and norms.
Established as an independent, non-profit, non-partisan organisation dedicated to immortalizing the democratic and development-oriented ideals of Awolowo, the organizers of the event, say the award is a “prestigious, biennial, international prize structured to follow a rigorous process of nomination and subsequent screening by a Selection Committee consisting of some of the most outstanding Nigerians”.
They further said that the prize serves as a strong motivational incentive for persons to pursue excellence in leadership and good governance. The award confers considerable honour and recognition to the recipient.
Speaking on the selection process which led to the choice of Adesina as the 2023 recipient, the foundation spokesperson Mrs Tokunbo Awolowo-Dosunmu, said the call for nomination for the award was published for several months in 2023 and at the close of entries, many nominations of eminent persons were received, with Dr Adesina emerging as a unanimous candidate for the 2023 award.
Expressing his delight about the award and being in the company of previous eminent recipients, Dr Adesina, who has a Five Point Blueprint for repositioning the AfDB, said, “I am delighted to have been selected as a recipient of the prestigious Obafemi Awolowo Prize for Leadership.
“Joining Nobel Prize laureate, Prof. Wole Soyinka and former President of South Africa, Thabo Mbeki, as well as Aree Afe Babalola as prior winners of the prize is such a great honour,” he said.
Adesina, who simply describes himself as a ‘Kenyan, is the eighth elected President of the AfDB and the first Nigerian to be so elected to the position, having been elected on May 28, 2015, for the first time by the bank’s Board of Governors at its Annual Meetings held in Abidjan, Côte d’Ivoire.
He was re-elected for a second term in 2020 following an excellent performance acknowledged by supporters and critics alike.
The agenda of Adesina’s presidency at the AfDB with the ambition to Feed Africa, Light Up Africa, Industrialise Africa, Integrate Africa and Improve the Quality of Life in Africa, was particularly lauded by the organisers as capable of putting the development of the continent directly in the hands of its people.
General
Nigeria Steps up AI Surveillance, Anti-Drone Systems for National Security
By Adedapo Adesanya
Nigeria is set to strengthen its defence architecture by deploying artificial intelligence-powered surveillance systems and advanced anti-drone technology as part of efforts to modernise the country’s military capabilities, according to the Minister of Defence, Mr Christopher Musa.
He disclosed this during a high-level visit to Monaco, where he led a Nigerian delegation to conclude discussions on the multi-domain Hybrid Intelligence Shield (HIS) project.
According to Mr Musa, the initiative is designed to enhance border security, protect urban centres and improve the country’s response to emerging security threats.
The project is expected to introduce AI-driven surveillance systems capable of identifying threats rapidly through smart algorithms, while anti-drone technology will be deployed to intercept and neutralise unmanned aerial threats.
The government also plans to establish national and regional command-and-control centres to improve real-time coordination and response to security incidents across the country.
Mr Musa said the initiative would place strong emphasis on technology transfer and local capacity development through the establishment of a military Centre of Excellence in Nigeria.
He added that the federal government would leverage partnerships with international firms, including Marss UK Ltd, while simultaneously building indigenous capabilities to address insurgency, illegal mining, piracy and other security threats.
Nigeria has continued to battle multiple security challenges in recent years, including insurgency in the North-East, banditry and kidnappings in the North-West, farmer-herder clashes in the North-Central region, crude oil theft in the Niger Delta and piracy in the Gulf of Guinea.
Nigeria is stepping up its defence as the border region of Nigeria, Benin and Niger on the southern edge of the Sahel region is becoming a new stronghold for jihadists, as militants turn forests and pastoral networks in West Africa into bases for recruitment and international attacks.
Attacks in Nigeria have also risen, with data from the website of the Armed Conflict Location & Event Data (ACLED), a conflict-monitoring group, affirming that the number of suicide bombings in Nigeria by March already matched the annual average over the past six years.
The Nigerian military has also been dealt a blow to its military bases and senior figures targeted. In April, Brigadier-General Oseni Omoh Braimah was killed when Islamist fighters attacked a base in Borno State.
To also meet the defence goal, Nigeria is stepping up efforts to build domestic arms-manufacturing capacity.
General
Nigeria, Morocco to Seal Atlantic Gas Pipeline Deal by Q4 2026
By Adedapo Adesanya
Nigeria and Morocco are set to sign a major intergovernmental agreement later this year to push forward the long-delayed Nigeria-Morocco Gas Pipeline project, a multi-billion-dollar energy corridor expected to reshape gas trade across West Africa and Europe.
The agreement, expected to be signed in the fourth quarter of 2026 by President Bola Tinubu and King Mohammed VI of Morocco, follows the completion of preliminary technical studies for the ambitious project, according to officials from both countries.
The pipeline, also known as the African Atlantic Gas Pipeline, is projected to stretch about 6,900 kilometres along offshore and onshore routes across West Africa, making it one of the largest gas infrastructure projects on the continent.
With an estimated cost of $25 billion, the pipeline is designed to transport up to 30 billion cubic metres of gas annually once completed.
Discussions on the project gained fresh momentum during a telephone conversation between Nigeria’s Minister of Foreign Affairs, Mr Bianca Odumegwu-Ojukwu, and her Moroccan counterpart, Mr Nasser Bourita.
The project would not only strengthen energy cooperation between the two countries but also improve regional economic integration and expand Africa’s access to European energy markets.
According to Morocco’s hydrocarbons and mining agency, ONHYM, part of the gas supply will support Morocco’s domestic energy demand, while large export volumes will be directed to Europe.
The project, first proposed about a decade ago, is seen as a strategic alternative gas supply route amid rising global energy security concerns and Europe’s search for more diversified energy sources.
Beyond the pipeline, Nigeria and Morocco are also exploring broader economic partnerships, particularly in fertiliser production and distribution to support food security across Africa.
Both countries also agreed on the need to revive the Nigeria-Morocco Business Council to strengthen trade and investment relations under the African Continental Free Trade Area framework.
Analysts noted that the project could significantly boost gas monetisation opportunities for Nigeria, expand regional infrastructure development, and deepen economic ties between West African nations and Europe if successfully executed.
General
Impact Investors Foundation Launches GESI Baseline Report
The Impact Investors Foundation (IIF), Nigeria’s leading platform for unlocking impact capital, today hosted the 4th Gender Impact Investment Summit (GIIS). The landmark event featured the historic unveiling of the Inclusive Capital Scorecard, a Gender Equity and Social Inclusion Baseline report, which establishes a foundation and clear understanding for GESI integration practices in impact investment.
The summit, themed “From Commitment to Action: Strengthening Inclusive Gender Lens Investment for Nigeria’s Growth,” convened at a critical juncture for deepening Nigeria’s National Women Economic Empowerment policy. Building on the momentum of previous years, where over 50 organisations pledged support for inclusive capital, the 4th GIIS serves as the definitive platform to translate high-level pledges into tangible, measurable results for women, youth, and the over 35 million Nigerians living with disabilities.
The centrepiece of this year’s summit was the GESI baseline survey, which serves as a reference point for tracking progress, informing interventions, and strengthening accountability toward achieving the national inclusive capital roadmap. It also features a policy roundtable, where regulators, ministries and government agencies made actionable commitments to strengthen cross-sector collaboration, and accelerate policy implementation for women, youths and persons with disabilities (PwD) in key economic sectors, including climate resilient industries. “The GESI Baseline Report is more than a document; it is the data-driven foundation required to fix structural barriers in our financial system,” stated Etemore Glover, CEO of the Impact Investors Foundation. “While women own nearly 40% of Nigerian businesses, they receive a disproportionately small share of formal credit. This report empowers stakeholders to identify acute gaps and benchmark progress as we move toward a truly inclusive economy.”
Ibukun Awosika, Chair of GSG Nigeria Partner and Vice Chair of GSG Impact, emphasised the significance of this milestone at the 4th GIIS: “By providing the data-driven foundation needed to benchmark progress, it demands that stakeholders not only mobilise inclusive capital at scale but also embed GESI and gender lens investment principles into every investment decision and policy. This summit is the definitive platform to close investment gaps, unlocking Nigeria’s full economic potential and ensuring our growth is truly equitable and transformative.”
The 4th Gender Impact Investment Summit (GIIS) acts as a vehicle to dismantle obstacles for women, serving as a catalyst for growth by actively driving impact to accommodate women, including those in the informal labour market. It moves beyond rhetoric to institutionalise accountability by encouraging organisations to not only track how capital is raised, but also the type of capital deployed, jobs created, enterprise growth, geographic reach, and measurable inclusion outcomes.
Gender Equality and Social Inclusion (GESI) are increasingly recognised as critical leverage points; by addressing the institutional gaps that leave women, youths and persons with disabilities-led businesses under-resourced, Nigeria can catalyse a new wave of data-driven investment and productivity.
The keynote address, ‘Turning Gender Equity into Economic Advantage,’ presented by His Highness Khalifa Muhammad Sanusi II CON, Sarkin Kano, stressed the need for the intentional dismantling of structural barriers that hinder women’s financial inclusion, noting that gender equality is not merely a social imperative but a critical economic lever for national prosperity.
To facilitate immediate economic impact, the 4th GIIS introduced enhanced Deal Rooms, operating both virtually and in-person. These rooms are specifically designed to provide a direct matchmaking pipeline, connecting investors with ready-to-scale, women-led enterprises, leading to a soft commitment of about $250,000 from investors.
In addition, the summit featured technical sessions which emphasised institutional capacity building, equipping both public and private sector actors with the GESI diagnostic tools, investment readiness tools and data capturing frameworks necessary to mainstream GESI and gender lens investing (GLI) into their core operations.
The economic urgency of this intervention is underscored by current data showing a stark inclusion gap: only 23% of Nigerian women have bank accounts, compared to 77% of men. By providing credible, first-of-its-kind data, the IIF is positioning the GESI Roadmap as a strategic necessity for sustainable national growth.
The summit featured high-level participation from financial institutions, Development Finance Institutions (DFIs), and policymakers. Through interactive panels and policy conversations, leaders were invited to move beyond discourse and lead in GESI integration, utilising the new report to influence future policy and investment strategies.
The 4th Gender Impact Investment Summit reaffirms IIF’s role as a strategic architect in the Nigerian investment market, dedicated to establishing actionable interventions that ensure no one is left behind in the pursuit of prosperity.
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