Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Adesina assumes reins at AfDB

02 September 2015, 10:14

Abuja - The new President of the African Development Bank Group, Akinwumi Adesina, said the bank would focus on tackling inequalities, ensuring adequate energy supplies and enhancing food security during his tenure.

“Five priorities will shape our work at the Bank under my Presidency as we advance the implementation of the Bank’s Ten Year Strategy: Light up and Power Africa. Feed Africa. Integrate Africa.  Industrialize Africa.

Improve quality of life for the people of Africa,” he said during his inaugural address at the AfDB Group Headquarters in Abidjan, Ivory Coast.

“This is the mission to which I pledge to dedicate myself as President of the African Development Bank: expanding opportunities and unlocking potentials – potentials for countries, for women, for the youth, for the private sector, for the continent,” the former Nigerian minister added.

Also read: VP Osinbanjo attends inauguration of new AFDB President

Adesina said as they unlocked these potentials, they would unleash a new wave of growth and development shared by all.

“While Africa’s economies are growing, inequality is increasing all over our continent,” he pointed out.

He noted the energy challenges besetting the continent.

“We must light up and power Africa. Energy is the engine that powers economies. The more energy economies have, the more prosperous are their peoples,” Adesina said.

He pointed out that Africa is blessed with limitless potential for solar, wind, hydropower and geothermal energy resources.

“We must unlock Africa’s energy potential – both conventional and renewable.”

He pledged the bank’s commitment to eradicating poverty.

“Africa must feed itself. It is inconceivable that a continent with abundant arable land, water, diverse agro-ecological richness and sunshine is a net food- importing region.”

Adesina pledged the bank’s commitment to ending youth unemployment and marginalisation.

“The youth are Africa’s biggest asset. We must invest in them to build skills and encourage entrepreneurship while providing access to the financial resources necessary to unlock their creativity and unleash the power of their business enterprises.”

Elected in May, Adesina is the eighth president in the organization's history, and the first Nigerian to hold the post.

- CAJ News


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...