by OKORO CHINEDU
LAGOS, (CAJ News) – THE African Development Bank Group (AfDB) Group hailed the election of former Nigeria Agriculture Minister, Akinwumi Adesina, as President of the bank and his subsequent assumption of office.
Adesina formally assumed office as the eighth elected President of the organisation during a ceremony held in Abidjan, Ivory Coast on Tuesday.
Chair of the AfDB Board of Governors, Alexander Chikwanda, welcomed him to his new role.
He called the occasion “a historic changing of the guard for the African Development Bank, the pride of Africa.”
Meanwhile, Nigeria’s Vice-President, Professor Yemi Osinbajo, spoke on the need to consider other paradigms for Africa development, and to focus on good governance, climate change and the empowerment of women.
Alassane Ouattara, President of the Republic of Ivory Coast, reminded the audience that the African continent currently faces multiple challenges including security, market volatility, and youth unemployment.
He said he was convinced that President Adesina would be able to tackle these challenges, given his experience and proven leadership.
Among those who attended the ceremony were Cape Verde’s former President Pedro Pires, Ivory Coast Prime Minister Daniel Kablan Duncan, former
Nigerian Finance Minister, Ngozi Okonjo-Iweala, as well as a large delegation of governors, legislators and businesspeople from Nigeria.
– CAJ News