Re-elected AfDB President, Adesina speaks on areas he intends to give attention

The President of the African Development Bank (AfDB), Akinwunmi Adesina, has expressed his gratefulness for the opportunity given to him to serve the African continent.

Adesina made the remarks while speaking on Tuesday in an address during his second term inauguration.

The former Minister of Agriculture expressed gratitude to God for his re-election.

“I give God all the glory for all He has done and continues to do in my life – a life which I have dedicated to Him for selfless service to humanity”, he said.

He further thanked the people of Africa, President Muhammadu Buhari, ex-President Olusegun Obasanjo, other serving and former leaders, family, colleagues, associates, the AfDB and everyone who supported him.

While speaking during the occasion, Adesina assured that special attention will be given to regional industrial value chains and the strengthening of financial markets to expand intra-regional trade and competitiveness, and boost the Africa Continental Free Trade Area (AfCFTA

He made it clear that AfDB will focus on institutions, people, delivery and sustainability.

AfDB President said these are encapsulated in five areas which combine with the programmatic High 5s to transform the development landscape of Africa.

The areas are: Build a stronger institution; Strengthen human capacity; Enhance effectiveness; Deepen quality and impact; Maintain financial sustainability.”

He noted that over the past five years, the Bank has delivered impressive results on High 5s:

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The results he said include 18 million people with access to electricity, 141 million with access to improved agricultural technologies for food security, 15 million with access to finance from private investments, 101 million with access to improved transport from infrastructure, 60 people with access to water and sanitation.

According to him, “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 by 40% from $1.5billion in 2015 to $ 2.1billion in 2019, with the highest level of $ 2.5billion achieved in 2016.”

Recall that an Independent Review Panel exonerated Akinwumi Adesina, of any ethical wrongdoings, after it was set up by AfDB Bureau of Governors, following a complaint by the United States.

The committee discovered that the accusations against Adesina were properly considered and dismissed.

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