News
African leaders reaffirm support for AfDB as President Adesina begins second term
African leaders on Tuesday reaffirmed their support for the African Development Bank Group (AfDB) and its leadership under, Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.
In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of Nigeria, Paul Kagame of Rwanda, Alpha Conde of Guinea, George Weah of Liberia, President Sassou Nguesso of Republic of the Congo and Guinea Bissau’s Umaro Embalo, commended the Bank’s interventions, especially its assistance to member states in the wake of the COVID-19 pandemic.
“Dr. Adesina, you have our full support as you continue to lead the Bank through this COVID-19 period, marked by turmoil but also the prospect of new opportunities for our continent,” Kagame said, noting that the Bank had played a key role in ensuring that Africa’s interests reflected on the international agenda during the crisis.
Adesina, who first took office as the 8th elected president of the Bank Group in 2015, was unanimously reelected by the Board of Governors with a 100 percent vote at the end of the Bank’s 2020 Annual Meeting on 27 August. For the first time, the meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak.
President Buhari noted that the unanimity of Adesina’s reelection was a vote of confidence in his leadership and programs, especially the Bank’s High 5 priority agenda. If diligently implemented, the High 5s will help Africa to meet most of the Sustainable Development Goals of the UN.
“Under your leadership, the Bank has made admirable progress and we are confident that this gain will be consolidated and scaled up in the next five years,” Buhari said in a message presented on his behalf by the Bank’s Governor for Nigeria.
While congratulating Adesina for his overwhelming reelection, President Conde urged him to continue to pursue the High 5s and related policies to provide jobs for the continent’s growing youth population.
President Weah pledged Liberia’s continued partnership with the Bank under Adesina’s leadership. “Dr. Adesina, your reelection signifies Africa and the world’s confidence in your leadership,” he added.
Niale Kaba, the Ivorian Minister of National Planning and the immediate past chairperson of the Bank’s Board of Governors, represented Ivorian President Alassane Ouattara, who also reaffirmed his country’s strong bond with the Bank.
There were solidarity messages also from former Nigerian President Goodluck Jonathan and former Vice President Atiku Abubakar, under whose government Adesina served as Agriculture Minister. Messages also poured in from regional bodies, including the African Union Commission, the Common Market For Eastern and Southern Africa (COMESA), ECOWAS and the New Partnership for Africa’s Development (NEPAD).
In his inaugural speech, Adesina outlined a renewed vision to build a much stronger and resilient African Development Bank Group, with the leadership and capacity to deliver greater quality impacts for Africa, while remaining financially strong and sustainable.
To achieve this, he said he would focus on building a stronger institution, strengthen human capacity, enhance effectiveness, deepen quality and impact and maintain financial sustainability.
Ghana’s Finance Minister and incoming chairman of the Board of Governors, Kenneth Ofori-Atta, presided over the swearing in ceremony.
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
The Ekiti State Government has reached an agreement with labour leaders in the state, signing a Memorandum of Understanding (MoU) for the payment of the N70,000 minimum wage approved by the Federal Government.
Addressing journalists at a brief ceremony in Ado-Ekiti on Tuesday, the Head of Service (HoS), Dr. Folakemi Olomojobi, announced that the payment would commence immediately.
She lauded Governor Biodun Oyebanji for prioritizing the welfare of workers despite the state’s limited resources.
“This development demonstrates the governor’s commitment to improving the livelihood of our workers,” Dr. Olomojobi stated, highlighting the proactive measures taken by the administration to ensure prompt implementation.
In their remarks, the Trade Union Congress (TUC) Chairman, Comrade Sola Adigun, and the Nigeria Labour Congress (NLC) Chairman, Comrade Olatunde Kolapo, expressed their appreciation to Governor Oyebanji for fulfilling his promises to workers.
They confirmed that the new minimum wage would apply to all cadres, including employees in ministries, parastatals, agencies, and pensioners.
The Chairman of the Joint Negotiating Committee (JNC), Comrade Femi Ajoloko, described the implementation as a fair and commendable adjustment.
“This decision reflects the governor’s magnanimity and his dedication to fostering a productive workforce in Ekiti State,” he said.
-
Politics6 days agoOyo Rep. Member, Akinmoyede Appoints Three More Aides
-
Crime & Court1 week ago
EFCC Chair Raises Alarm on Rampant Fraud in Nigeria’s Electricity Sector
-
Health6 days ago
Oyo: Tragedy As Bride-to-Be Among Four Dead in Suspected Lassa Fever Outbreak
-
Politics5 days ago
#OndoDecides2024: Rep Oseni Hails Aiyedatiwa’s Victory, Commends Residents for Peaceful Polls
