₦airaland Forum

Cool

Congrats bro!

elbinmanny:
100 likes for my Heroes

who is this one??

SenseiX:
NIGERIA’S Akinwumi Adesina was Thursday elected new president of the African Development Bank  (AfDB) in a thrilling vote that saw major heavyweights from North Africa and southern Africa were stripped away early in the opening rounds.

The dapper bow-tie wearing Agriculture and Rural Development minister will be a popular choice with the Africanist policy community, but will also provide a major boost for Nigeria’s flagging geopolitical ambitions, with a new president set to be sworn-in on May 29.

He has widely heralded innovations in hugely improving his country’s often-precarious food security position, but was not as steeped in finance as some of his rivals, the majority of who were all serving or former finance ministers. 

He however had arguably the most impressive academic credentials.

The vote

Three candidates had been left in the nerve-wracking race to head the 50-year-old bank. 

Adesina, Cape Verde’s Cristina Duarte and Kordje Bedoumra of Chad were the only contestants still standing by early evening on Thursday, as AfDB governors sought a successor to Donald Kaberuka, who will have served the maximum two terms.

A winning candidate needs at least 50.01% of both the regional and non-regional votes. The latter are members who are not from Africa and wield 40% of the vote. They include the US, China, Japan and a raft of European countries and were brought in in 1982 to help boost the capital base of the bank which was at the time starved of cash. 

Nigeria has the highest voting power of the bank’s members, ahead of the United States.

Sierra Leone’s Foreign Affairs minister Samura Kamara, who as finance minister led his country’s reconstruction effort, was the first to fall in the opening round, though few eyebrows would have been raised at his early exit, given his region had propped up three other stronger candidates.

But the identity of the next candidate to be eliminated was more surprising, as Ethiopia’s Sufian Ahmed tumbled out. His country’s finance and economic development minister, he had been one of the heavy-hitters expected to at least make the final rounds of voting.

Mali’s Birama Side lasted longer than forecast by analysts, becoming the third candidate to be knocked out. 

Tunisia’s Jaloul Ayed was next, as North Africa lost a chance to head the bank for a third time. 

The bank’s sixth president, Omar Kabbaj, is credited with instituting reforms that set the bank on its current path, while Kaberuka cemented its place as the continent’s premier development financier. 

Zimbabwe’s Thomas Sakala, a former AfDB insider, tumbled out next. He had come in on the backing of southern Africa, but his bid run into headwinds when it was revealed that he had been a benefit of “primaries” which is perceived to be against bank rules.

Good Nigerian spell

Nigerians might be forgiven for thinking the country is enjoying a brilliant spell, after president-elect Muhammadu Buhari became one of only a handful of African opposition leaders to defeat an incumbent comprehensively, but perhaps one of the proudest moments was the grace with which Goodluck Jonathan accepted defeat.

Nigeria’s outgoing Finance minister Ngozi Okonjo-Iweala immediately tweeted’ “Great news! Nigeria’s Akin Adesina has won the AfDB presidency after our strong campaign! Great campaign! Great candidate!”

Beyond Adesina’s victory, his triumph signalling a significant change in continental power politics. Until recently, it was the custom that the big and richer nations kept the smaller countries happy by ceding the leadership of continental bodies to them.

The first major break from that came in 2012 when Nkosazana Dlamini-Zuma was elected chairperson of the African Union Commission. South Africa is the richest country on the continent, and Nigeria its largest economy and most populous nation.

It might seem, like with the World Bank and IMF, the big boys and girls in Africa, have also finally taken over the stage by combining back-office clout with executive power.

All attention now shifts to Adesina. In early March he gave an insight into his likely agenda, telling news agency AFP in late March that he wanted to “finish off the white elephants”, in a reference to useless luxury projects that are often financed using international aid and built by foreign businessmen, and which reek of corruption.

He called for “intelligent infrastructure that is more productive, more competitive”. He also urged more cooperation across borders, pitching ideas such as an “African Google”, a transnational electricity market, and a regional stock exchange. The AfDB might just have got its first digital president.
http://m.mgafrica.com/article/2015-05-28-nigerias-akinwumi-comes-out-tops-in-thrilling-continental-battle-for-afdb-presidency#.VWdmaTjTXHw
Cc lalasticlala

Picture or i dont beelive it.

GEJ till BUHARI visits Otuoke

ki02020:
He won simply because he he has the qualities required

You he was the only candidate that had the qualities required?

That's my celeb crush

Been stalking him for sometime now

Jajehova, these r the kind of people you should be sending my way so that #Godwin#

condralbede:
congrat

Adesina is one of the good touch in GEJ's administration, a hardworking fellow in the midst of self seeking politikng elements. Bros you deserve it. Just see the way mama finance(NOI) huged him after the result of the voting process was announced.

Congrats to him, he was phenomenon in the outgoing administration and he is gonna be best thing to happen to ADB since it's inception.

Nigeria seems to be finding its way back to international politics..so sending Atiku to do some underground work was a master stroke from GMB...
In three years time better news would emerge,just sit tight,put on your belt and let GMB drive us to greatness.

Beginning of a new thing for Nigeria and Africa too. New thing happening today Thursday for Nigeria, and new beginning happening tomorrow for Nigeria.

Thank you dear Lord for making me witnessing a new dawn in Nigeria.

nationwide1:
You he was the only candidate that had the qualities required?

As far as the position is concerned only one candidate can fill the position and he(adeshina) emerg the winner other candidates qualities could not get them the position but his did

From Abuja to Abidjan.

Great Ife!!!!!Always representing.

charlesucheh:
Adesina is one of the good touch in GEJ's administration, a hardworking fellow in the midst of self seeking politikng elements. Bros you deserve it. Just see the way mama finance(NOI) huged him after the result of the voting process was announced.

waooo....Dats nice

ki02020:
He won simply because he he has the qualities required

NO, THE APCHIT THINKS IS BUHARI THAT MADE IT POSSIBLE, THAT HE INFLUENCE THE VOTING PATERN, LIKE THE WAY THEY MANIPULATE THE CARD READER!

nice... he did his best in ministry of agriculture now he has moved higher.

SenseiX:
So so excited for his victory, thought the last minute Francophone conspiracy for the Chadian was gonna prevent his victory, Viva Nigeria

It was in the bag always. You don't lose when you're backed by Nigeria and South Africa. Recall Adeniji lost to Kaberuka 10 years ago because SA backed Kaberuka.

This is good news for Nigerians! Guess what? This is also the reason the president did not dissolve the federal executive council: GEJ my man.. Adesina my person!

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Well, congrats., Adeshina, well done Turakin Adamawa, Atiku Abubakar who led the campaign team to South Africa.

I like that man initiave on "African google" and stock exchange!

K

congratz to him..well deserved!




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evlyn:
who is this one??

your mumsy's sugar boy

efilefun:

may you remain like that till 2019

SenseiX:
NIGERIA’S Akinwumi Adesina was Thursday elected new president of the African Development Bank  (AfDB) in a thrilling vote that saw major heavyweights from North Africa and southern Africa were stripped away early in the opening rounds.

The dapper bow-tie wearing Agriculture and Rural Development minister will be a popular choice with the Africanist policy community, but will also provide a major boost for Nigeria’s flagging geopolitical ambitions, with a new president set to be sworn-in on May 29.

He has widely heralded innovations in hugely improving his country’s often-precarious food security position, but was not as steeped in finance as some of his rivals, the majority of who were all serving or former finance ministers. 

He however had arguably the most impressive academic credentials.

The vote

Three candidates had been left in the nerve-wracking race to head the 50-year-old bank. 

Adesina, Cape Verde’s Cristina Duarte and Kordje Bedoumra of Chad were the only contestants still standing by early evening on Thursday, as AfDB governors sought a successor to Donald Kaberuka, who will have served the maximum two terms.

A winning candidate needs at least 50.01% of both the regional and non-regional votes. The latter are members who are not from Africa and wield 40% of the vote. They include the US, China, Japan and a raft of European countries and were brought in in 1982 to help boost the capital base of the bank which was at the time starved of cash. 

Nigeria has the highest voting power of the bank’s members, ahead of the United States.

Sierra Leone’s Foreign Affairs minister Samura Kamara, who as finance minister led his country’s reconstruction effort, was the first to fall in the opening round, though few eyebrows would have been raised at his early exit, given his region had propped up three other stronger candidates.

But the identity of the next candidate to be eliminated was more surprising, as Ethiopia’s Sufian Ahmed tumbled out. His country’s finance and economic development minister, he had been one of the heavy-hitters expected to at least make the final rounds of voting.

Mali’s Birama Side lasted longer than forecast by analysts, becoming the third candidate to be knocked out. 

Tunisia’s Jaloul Ayed was next, as North Africa lost a chance to head the bank for a third time. 

The bank’s sixth president, Omar Kabbaj, is credited with instituting reforms that set the bank on its current path, while Kaberuka cemented its place as the continent’s premier development financier. 

Zimbabwe’s Thomas Sakala, a former AfDB insider, tumbled out next. He had come in on the backing of southern Africa, but his bid run into headwinds when it was revealed that he had been a benefit of “primaries” which is perceived to be against bank rules.

Good Nigerian spell

Nigerians might be forgiven for thinking the country is enjoying a brilliant spell, after president-elect Muhammadu Buhari became one of only a handful of African opposition leaders to defeat an incumbent comprehensively, but perhaps one of the proudest moments was the grace with which Goodluck Jonathan accepted defeat.

Nigeria’s outgoing Finance minister Ngozi Okonjo-Iweala immediately tweeted’ “Great news! Nigeria’s Akin Adesina has won the AfDB presidency after our strong campaign! Great campaign! Great candidate!”

Beyond Adesina’s victory, his triumph signalling a significant change in continental power politics. Until recently, it was the custom that the big and richer nations kept the smaller countries happy by ceding the leadership of continental bodies to them.

The first major break from that came in 2012 when Nkosazana Dlamini-Zuma was elected chairperson of the African Union Commission. South Africa is the richest country on the continent, and Nigeria its largest economy and most populous nation.

It might seem, like with the World Bank and IMF, the big boys and girls in Africa, have also finally taken over the stage by combining back-office clout with executive power.

All attention now shifts to Adesina. In early March he gave an insight into his likely agenda, telling news agency AFP in late March that he wanted to “finish off the white elephants”, in a reference to useless luxury projects that are often financed using international aid and built by foreign businessmen, and which reek of corruption.

He called for “intelligent infrastructure that is more productive, more competitive”. He also urged more cooperation across borders, pitching ideas such as an “African Google”, a transnational electricity market, and a regional stock exchange. The AfDB might just have got its first digital president.
http://m.mgafrica.com/article/2015-05-28-nigerias-akinwumi-comes-out-tops-in-thrilling-continental-battle-for-afdb-presidency#.VWdmaTjTXHw
Cc lalasticlala

This man deserve this position cos he av the experience and also got GMB backing!!! Kudos

I hope he will not propose cooking stove for them

Good news for Nigeria and Africa.

efilefun:
Congrats Adesina... continue your good work and always fly the green flag

Lmaooo at the pixx

He's Yoruba. It's expected.