AfDB: Akinwumi Adesina Sworn-in As President For 2nd Term

AfDB: Akinwumi Adesina Sworn-in As President For 2nd Term

- in Business

Dr Akinwunmi Adesina has been officially been sworn in for his second term as the 8th President of the African Development Bank (AfDB).

The swearing-in ceremony took place virtually on Tuesday.

The event was attended by Heads of States, Governors, Nigeria’s former Vice President, Atiku Abubakar, and over 200 external stakeholders who joined physically and virtually.

The Chairperson of the AfDB board of Governors and Ghana’s Finance Minister, Kenneth Ofori-Attah, administered the oath of office.

READ ALSO: Makinde Approves N72 Million CARES Counterpart Fund, Hands -Over 788 Projects To Communities

Dr. Adesina was Re-elected on August 27th in a unanimous vote to serve his second term.

The AfDB President described his re-election as historic, becoming the first President of the bank to be re-elected by 100 percent votes of all its shareholders and the first Nigerian to hold the post.

During his first 5-year term in office, the bank focused on five key development priorities known as the High 5s: Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life for the People of Africa.

The bank, Africa’s premier development finance institution, comprises of 54 regional and 27 non-regional member countries.

During his initial 5-year term, the bank was able to impact the lives of 335 million Africans, including 18 million people with access to electricity; 141 million people benefiting from improved agricultural technologies for food security; 15 million people benefiting from access to finance from private investments; 101 million people provided with access to improved transport; and 60 million people gaining access to water and sanitation, according to a statement by AfDB on Monday.

 

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