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Africa’s population explosion is a ticking time bomb — AfDB Governors

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The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.”

The meeting described the continent’s growing young population as a potential growth engine for the world.

“The good news is that the solution is within our reach and will require investments,” said Akinwumi Adesina, President of the African Development Bank.

At the end of a two-day consultation at the headquarters of the Bank in Abidjan, CÕte d’Ivoire, the Bank and the Governors discussed strategizes for closing Africa’s $170 billion infrastructure investment gap.

To bridge the investment gap, ensure inclusive growth, and create employment for the continent’s population, the meeting endorsed the African Development Bank-led African Investment Forum and described it as a timely opportunity to catalyze investments into projects and attract social impact financing to Africa.

Tanzania’s Minister for Finance and Planning, Isdor Mpango, called for closer involvement of the private sector in financing development on the continent.

“The African Development Bank is well positioned to advise and assist Governments and the private sector to come up with bankable projects,” Mpango said, calling for direct resources to provide budget support and investment opportunities.”

Through the African Investment Forum, scheduled for November 7-9, 2018 in Johannesburg, South Africa, the Bank and its partners intend to showcase bankable projects, attract financing, and provide platforms for investing across Africa. The forum will bring together the African Development Bank and other global multilateral financial institutions to de-risk investments at scale.

“A uniqueness of the African Investment Forum is that there will be no speeches. The only speeches will be transactions,” said President Adesina.

Rwanda’s Minister of Finance and Economic Planning, Claver Gatete said: “The African Development Bank has already discussed the concept of the African Investment Forum with us. The Rwandan Government takes this Forum very seriously.”

“Jobs will come from industrialization. The new approach using the African Investment Forum to de-risk the sector and attract investors is the way to go,” said Kiplagat Rotich, Kenyan Finance Minister.

13 per cent of the world’s population is estimated to live in sub-Saharan Africa today. That number is projected to more than double by 2050. Four billion (or 36 per cent of the world’s population) could live in the region by 2100, according to the UN Population Division. Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on earth.

According to Adesina, “We have 12 years left to the SDGs. It is an alarm bell because if Africa does not achieve the SDGs, the world won’t achieve them. The African Development Bank is accelerating development across Africa through the High 5s. We are deepening our reforms. We deepened our disbursements to the highest levels ever last year and we are leveraging more resources for Africa.”

Tunisia’s Finance Minister Zied Ladhari recalled how the Bank’s 11-year temporary relocation to his country helped strengthen the bonds between them. “We share the Bank’s vision. Africa is the continent of the future. This is a great Africa moment with the Bank at the centre. Unleashing the potential of African economies is a task which the Bank must accomplish.”

As part of the Bank’s High 5 agenda, 13 million African women have benefitted from new electricity connections and 23 million from improvements in agriculture. Also, 10 million African women have benefited from investee projects

An analysis of the African Development Bank’s impact from 2010-2017 indicates that 27 million Africans gained access to new electricity connections. 899,000 small businesses were provided with financial services. 35 million have benefitted from improved access to water and sanitation.

“With the Bank’s support, Somalia has evolved from a failed to a fragile state,” asserted Somalia’s Finance Minister, Abdirahman Beileh. “The African Development Bank has been with us throughout. Together we can reach the bright light at the end of the tunnel.”

Algeria’s Finance Minister, Abderahmane Raouia, said “The biggest challenge for Africa today is job creation. It is a stake of stability and a lever to pull economic growth upwards. We must offer job opportunities for young people to convince them to stay here on the continent.”

According to Simon Mizrahi, Director, Delivery, Performance Management and Results, the Bank needs to move from billions to trillions in its funding and leveraging effect.

Egypt’s Ambassador to Côte d’Ivoire, Mohamed El-Hamzawi, who represented the Finance Minister, said the country has seen two revolutions in 2011 and 2014. He thanked the Bank for supporting the country’s macroeconomic stabilization, financial reforms, infrastructure, and energy projects, among others.

Morocco’s Economy and Finance Minister, Mohammed Boussaid, praised the Bank’s ambition for Africa, and underscored its support for energy, agriculture and infrastructure projects. He said “a capital increase today is not a choice, it is a necessity. Today, the leading export sector in Morocco no longer belongs to traditional sectors, such as phosphates, but to the automotive industry. This generates jobs and adds value for sustainable and robust growth.”

With a substantive capital increase, the African Development will be able to execute its robust pipeline of operations (15bn in 2018 alone), including infrastructure and regional integration projects. The prospects for 2018-2020 are bright, with 50.3 million people benefitting from improved access to transport compared to 14 million in 2017. Also, more than 35 million people are expected to benefit from new or improved electricity connections, in contrast to 4.4 million delivered in 2017.

Osinbajo reacts to ‘failure’ of Buhari govt in Niger Delta

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2027: Makinde’s Successor Must Be Muslim, Aare Musulumi Declares

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The Aare Musulumi of Yorubaland, Edo and Delta States, Alhaji Dahud Makanjuola Akinola, has insisted that Governor Seyi Makinde’s successor in 2027 should be a Muslim, throwing his weight behind the All Progressives Congress governorship candidate, Senator Sharafadeen Abiodun Alli.

Akinola said the governorship ticket should go to a popular Muslim candidate, citing an alleged understanding reached between Muslim and Christian leaders in Oyo State ahead of the 2023 governorship election.

He stated this on Thursday at a special empowerment programme organised by the Asiwaju Musulumi of Oyo State, Alhaji Mutiu Oladejo Azeez Onimalu, at his residence in Egbeda, Ibadan.

According to him, the understanding was that Muslim and Christian leaders would support Makinde’s second-term ambition in 2023, with the expectation that a popular Muslim candidate acceptable to both religious groups would receive their backing in 2027.

The Islamic leader described Alli’s emergence as the APC governorship candidate as divinely ordained, claiming that the senator had secured the support of Muslims and Christians across the state.

He urged residents to rally behind Alli, expressing confidence that those involved in the reported agreement would honour their commitment.

Akinola also commended Onimalu for his contributions to the growth of Islam and his philanthropic activities, noting that his humanitarian efforts had continued to make a positive impact on the lives of the people.

In his welcome address, Onimalu disclosed that his foundation planned to empower at least 10,000 people, particularly unemployed graduates and widows, to cushion the effects of the prevailing economic hardship.

He said the initiative was designed to make beneficiaries financially independent and reduce their dependence on relatives and acquaintances for survival.

The Asiwaju Musulumi also declared support for Alli’s governorship ambition, expressing confidence in his victory at the 2027 election.

He maintained that the reported understanding between Muslim and Christian leaders in the state should be respected, urging the Christian Association of Nigeria (CAN) and other Christian organisations reportedly involved in the arrangement to honour their commitment.

Onimalu consequently called on residents to support Alli and vote for him in the February 2027 governorship election.

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Oyo APC Senate Candidate, Oseni, Gifts Cars to Party Leaders, Sarkin Hausawa {Photos}

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, has presented three Toyota Camry cars to two party leaders and the Sarkin Hausawa of Ibadanland, Alhaji Muhammad Shuaibu Dikko, in recognition of their loyalty, support and contributions to his political journey.

The beneficiaries are Alhaji Muftau Adisa Gbayawu of Ibadan South-East Local Government Area, Pa Dayo Adeola of Ibarapa East Local Government Area and Alhaji Dikko. The presentations were made on Tuesday and Thursday at the lawmaker’s residence in Ibadan.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives and chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), said the gesture reflected his belief that leadership should be anchored on gratitude and recognition of those who contribute to collective progress.

 

In a statement issued by his media aide, Idowu Ayodele, and made available to journalists in Ibadan on Thursday, the lawmaker described the presentations as a personal expression of gratitude to individuals whose commitment and encouragement had remained invaluable over the years.

The statement also explained that the latest gesture was part of Oseni’s longstanding personal tradition of expressing gratitude to God Almighty and appreciating people who had contributed to his journey.  It further stressed that the gesture was not an isolated one, but complemented several other ways through which he had consistently recognised and rewarded loyalty, commitment and support.

“This is not just a gesture; it is part of my personal commitment to showing gratitude to God Almighty and appreciating people whose support, loyalty and encouragement I never take for granted,” Oseni said.

He noted that the beneficiaries had remained steadfast in their support for his political vision, stressing that their contributions and sacrifices deserved recognition.

The APC candidate also reaffirmed his commitment to inclusive representation, maintaining that his vision for Oyo South transcended religious, ethnic and gender differences.

“My vision for Oyo South is bigger than religion, ethnicity or gender. It is about bringing people together, respecting our diversity and building a representation in which every community and every constituent matters,” he said.

Oseni assured party leaders, supporters and constituents that he would continue to acknowledge their trust, sacrifices and dedication, describing their contributions as vital to the collective effort to advance the senatorial district. He added that more party leaders would receive similar gestures in the coming days.

The beneficiaries, in their separate remarks, expressed appreciation to the lawmaker for what they described as an unexpected but deeply touching gesture. They commended his thoughtfulness and regard for those who had stood by him, offered prayers for God’s continued guidance and protection, and reaffirmed their support for his political journey.

Describing Oseni as a rare breed of politician with a genuine commitment to the welfare of the people and grassroots development, they pledged to continue supporting him as he discharges his legislative responsibilities at the National Assembly.

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Oyo South APC Candidate, Oseni, Takes Delivery of 20 New Transformers for Distribution

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Oseni, has taken delivery of 20 additional transformers for distribution to communities across the district as part of efforts to address electricity challenges and strengthen local infrastructure.

The latest consignment is expected to provide relief to communities grappling with inadequate power supply, particularly households, traders, artisans and small-scale business owners whose economic activities are often hampered by unreliable electricity.

In a statement issued by his media aide, Idowu Ayodele, and made available to journalists in Ibadan on Saturday, Oseni, who currently represents Ibarapa East/Ido Federal Constituency in the House of Representatives and chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), described electricity as a critical driver of economic growth, community development and improved living standards.

He said the intervention was informed by the need to respond to the everyday challenges confronting residents, noting that access to reliable electricity remained essential to both domestic and commercial activities.

“We recognise the difficulties our people face as a result of inadequate electricity supply. For traders, artisans, small business owners and families, reliable power is not a luxury but an important part of their daily lives. The arrival of these 20 additional transformers is another practical step towards responding to those concerns and supporting our communities,” he said.

The lawmaker explained that the transformers would be distributed to identified communities based on their electricity needs, adding that care would be taken to ensure the equipment served its intended purpose and delivered tangible benefits to residents.

He further stressed that effective representation should go beyond political promises and public pronouncements, noting that elected leaders must demonstrate their commitment through practical interventions that address the needs of their constituents.

“Our people deserve more than promises. They deserve leadership that pays attention to their challenges and is committed to finding practical ways to address them. We will continue to support initiatives that improve living conditions, strengthen local businesses and bring development closer to our communities,” he added.

The latest delivery adds to Oseni’s infrastructure support efforts across Oyo South, with electricity supply remaining a major concern for many communities in the senatorial district.

The intervention is also expected to complement his earlier efforts to improve electricity distribution and service delivery across the affected communities.

Oseni reaffirmed his commitment to supporting initiatives aimed at improving the welfare of residents and promoting sustainable development across Oyo South.

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