President Muhammadu Buhari congratulates the President of African
Development Bank (AfDB), Dr Akinwunmi Adesina, Board of Governors and
members of staff on historic increase of its capital from $93 billion to
$208 billion, placing the multilateral institution on a stronger
pedestal to drive growth and development on the continent.
President Buhari joins shareholders of the Bank and African Heads of
State and governments in celebrating the feat, which clearly
demonstrates the quality of leadership at the helm of affairs, and the
technical expertise that has been steadily pushing reforms for a smart
and nimble institution focused on alleviating poverty.
The President felicitates with the leadership of the Bank for numerous
reforms undertaken to reposition the institution for current global
realities and the peculiar needs of the African continent, commending
the visionary policies that have started yielding results in providing
electricity, financing and modernizing agriculture, encouraging
industrialization, integrating Africa and improving the livelihoods of
many.
With the historic approval of $115 billion by the Board of Governors,
which will buoy the Bank’s operations and reach, the President extols Dr
Adesina for brilliantly and diligently taking the AfDB to new heights of
achievements, and inspiring confidence that, indeed, the Sustainable
Development Goals (SDGs) and the African Union Agenda 2063 are
realisable.