New AfDB President, Adesina Resumes, Promises New Deal For Africa

Channels Television  
Updated September 2, 2015

afdb presidentThe new President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has promised that the bank will launch a new deal on energy for Africa.

In a speech after his investiture as the 8th President of the bank, Dr. Adesina said his administration would focus on equality and financial inclusion across the continent.

The AfDB President, who is Nigeria’s immediate past Minister of Agriculture, underscored the need to rapidly transform agriculture into a business to speed up economic growth and lift millions of people out of poverty.

He announced that the AfDB would embark on innovative programmes and work within five priority areas, including the light up and power Africa project, feed Africa, integrate Africa, industrialise Africa and improve quality of life for the people of Africa.

Meanwhile, Nigeria’s Vice President, Professor Yemi Osinbajo, who witnessed the investiture alongside President Alassane Ouattara of Côte d’Ivoire and some state governors, urged the bank to encourage good governance and increase efficiency of its programmes to address salient issues in health, education, unemployment and agriculture.