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Adesina’s AfDB Legacy: Capital Tripled, 565 Million Lives Touched

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has revealed how he led the Bank’s capital expansion from $93 billion in 2015 to a staggering $325 billion during his decade-long tenure. The Nigerian-born economist, who is set to step down in September after serving the maximum two five-year terms, spoke on Monday during […]

Is Nigeria Truly Worse Off? Presidency Challenges Adesina’s Numbers

The Presidency has dismissed recent remarks by the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, suggesting that Nigerians are worse off today than they were at Independence in 1960. In a statement released Sunday night, Presidential spokesperson Bayo Onanuga described Adesina’s position as based on flawed data and a narrow interpretation of […]

Nigeria Needs Power, Infrastructure or Risks Economic Paralysis

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has warned that Nigeria’s economy risks long-term stagnation unless it urgently addresses chronic infrastructure and power sector deficiencies. Speaking at the 20th Anniversary Dinner of Chapel Hill Denham in Lagos, Adesina described Nigeria as a nation brimming with potential but hampered by poor policy execution […]

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