Adesina Gets Presidential Approval for Second Term as AfDB President

By Adedapo Adesanya

President Muhammadu Buhari has approved the nomination of Akinwumi Adesina for a second term as the president of African Development Bank (AfDB) ahead of the bank’s election scheduled to hold in 2020.

Mr Adesina disclosed this on Sunday while receiving the Emeka Anyaoku lifetime achievement award presented to him by the Hallmark of Labour Foundation.

During his acceptance speech, he said, “When asked by former President Goodluck Jonathan to serve as Minister of Agriculture, it was duty calling me to the land of my birth.”

“I served Nigeria to the very best of my ability. I thank God that Nigeria’s agriculture sector witnessed a much-needed transformation at the time.

“With the strong support of President Jonathan and the then President-elect, Buhari, we campaigned very hard for the position of the President of the African Development Bank.”

The 60-year old stated that his first nomination was a “Nigeria effort”, as all hands were on deck. This included former presidents and heads of state – Gen. Abdulsalami Abubakar, Gen. Yakubu Gowon, Olusegun Obasanjo, former Vice-Presidents Atiku Abubakar and Namadi Sambo, and, Dr Ngozi Okonjo-Iweala.

“By God’s grace, I was elected President of the African Development Bank on May 28, 2015, exactly 24 hours after my term of office as minister ended.

“The nation jubilated as I became the first-ever Nigerian to be elected President of the bank since its establishment in 1964.

“Once again, Nigeria gave me air in my lungs.”

This has not come as a surprise as he had earlier noted his intentions to contest for a second term in office at the end of the bank’s annual meeting in Malabo, Equatorial Guinea.

“I will run as a candidate to complete the work we have started,” he had said.

“I understand my responsibilities. I do not work for myself. I work with all of my body to fast track the development of this continent with the support of our donors.

“I am driven by Africa and it is not a chore for me.”

Listing the progress made by the bank during his first term, he said 16 million people have been provided access to electricity and 70 million, improved agricultural technologies.

“We have also given nine million people access to finance from private sector companies, provided 55 million people with access to improved transport, and 31 million people with access to water and sanitation.

“In all, 181 million people have directly benefited from our investments. I am proud of all my staff and the Board of Directors whose hard work and relentless support have helped make this happen.

“The African Development Bank has continued to maintain its global AAA rating. Last year, the bank was rated the 4th most transparent institution globally.” He said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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