Friday, June 9, 2023

ECOWAS Endorses Akin Adesina For 2nd Term As AFDB President

- Advertisement -
The Economic Community Of West African State, through the leadership of the commission’s President, Jean-Claude Kassi announces that it has endorsed Dr. Akin Adesina for 2nd term candidacy as the President of the African Development Bank (AFDB).

The decision was announced in a communique signed by the commission’s President, Jean-Claude Kassi at the end of the 56th ordinary session of the Authority of Heads of State and Government of ECOWAS, held in Abuja.

ECOWAS said the development was in recognition of the sterling performance of Adesina during his first term of office as President of the bank.

The commission further stated that the authority had endorsed the president of AfDB’s candidacy for a second term as the president of the bank.

Adesina is the eighth elected President of the African Development Bank Group. He was elected to the five-year term on 28 May 2015 by the Bank’s Board of Governors at its Annual Meetings in Abidjan, Côte d’Ivoire, where the same electoral process will play out in 2020.

Adesina is a renowned development economist and the first Nigerian to serve as President of the Bank Group.

He has served in a number of high-profile positions internationally, including that of Rockefeller Foundation, as well as Nigeria’s Minister of Agriculture and Rural Development from 2011 to 2015.

The commission commended Adesina for the bank’s involvement in the provision of technical and financial interventions to the West African region.

It also lauded the president for the implementation of numerous projects and programmes across the region.

News Agency of Nigeria (NAN) reports that during the summit, Adesina announced that AfDB’s portfolio investments in the ECOWAS region stood at 20 billion dollars.

Akin Adesina

Photo Credit: Getty

- Advertisement -

Related Articles

- Advertisement -

Leave a Reply

Stay Connected

- Advertisement -

Latest Articles