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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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Oyo: Oseni Celebrates Dotun Sanusi, Lauds Contributions to Society

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The All Progressives Congress (APC) senatorial candidate for Oyo South and Chairman of the House of Representatives Committee on the Federal Roads Maintenance Agency (FERMA), Hon. Aderemi Oseni, has congratulated Ibadan-born businessman and philanthropist, Chief Jubril Dotun Sanusi, on his 58th birthday, commending his contributions to enterprise, youth development and community advancement.

In a birthday message issued on Friday by his media aide, Idowu Ayodele, Oseni described the occasion as an opportunity to reflect on Sanusi’s entrepreneurial journey and commitment to using personal achievements to advance the common good. He wished the celebrant good health, renewed strength and greater accomplishments in the years ahead.

Oseni noted that Sanusi’s transition from petroleum engineering to business and investments across various sectors demonstrated the value of vision, perseverance and strategic thinking. He said the businessman’s career reflected how identifying opportunities beyond conventional professional boundaries could drive business success, stimulate economic growth and create opportunities for others.

The APC chieftain particularly commended Sanusi’s investments in hospitality, agriculture, education and sports, including Ilaji Hotels and Sports Resort, Ilaji Farms and the International College of Arts, Science and Technology (ICAST). He noted that such investments could stimulate economic activities, generate employment and support community development, particularly by providing young people with opportunities to acquire skills and pursue productive ventures.

According to Oseni, the significance of entrepreneurial success extends beyond the businesses established and wealth accumulated to the opportunities created and lives positively impacted. He said Sanusi’s investments and initiatives demonstrated the importance of private enterprise in supporting economic development and improving livelihoods.

“Chief Dotun Sanusi’s birthday provides an opportunity to celebrate the value of enterprise and the importance of investing in people. Businesses become more meaningful when they create jobs, support education and open doors for others to fulfil their potential. These are important contributions to society, and I wish him continued success in his endeavours,” he said.

The lawmaker also acknowledged Sanusi’s philanthropic engagements and commitment to youth development, stressing that sustainable progress required deliberate investment in education, skills acquisition and initiatives that promoted self-reliance.

He added that government alone could not meet every developmental need, making responsible private-sector participation and community-focused interventions essential to improving livelihoods.

Oseni further recognised Sanusi’s involvement in Ibadan’s traditional institution and his connection to Yoruba cultural heritage. He stressed the importance of preserving indigenous traditions and values, noting that cultural influence was more meaningful when accompanied by service, peaceful coexistence and a commitment to the welfare of the people. He also urged young Nigerians to draw inspiration from Sanusi’s journey by embracing hard work, discipline, continuous learning and patience in pursuing their ambitions.

The lawmaker prayed for God’s continued protection over Sanusi and his family, wishing him many more years of good health, wisdom and fulfilment. He expressed the hope that the businessman would continue to expand his investments, support initiatives that improve lives and contribute to the economic and social development of Ibadan, Oyo State and Nigeria.

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‘Senators Are Not Governors, Council Chairmen’ – Oseni Explains Legislative Responsibilities

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, has called on Nigerians to elect competent and accountable lawmakers, urging voters to understand the constitutional responsibilities of senators ahead of the 2027 general elections.

Oseni warned that misconceptions about the role of senators could undermine effective political representation, particularly when lawmakers are judged primarily by their ability to provide infrastructure, tackle poverty or distribute money to constituents rather than their performance in lawmaking, oversight and representation.

He spoke on Thursday at a political conference organised by the Christian Association of Nigeria (CAN), Ido Local Government Chapter, in Ibadan, the Oyo State capital.

The conference, themed “The Importance of Senatorial Governance and Representation in a Federal Democratic System,” brought together Christian leaders, political stakeholders, professionals, traditional rulers, youths and women to discuss the role of the Senate in Nigeria’s democratic development.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives, identified three major challenges confronting senatorial representation: the election of unsuitable candidates, the failure of some elected senators to discharge their responsibilities effectively, and widespread misconceptions about the office.

He said these challenges underscored the need for greater public awareness of the constitutional duties of senators.
The Chairman of the House Committee on the Federal Roads Maintenance Agency (FERMA) cautioned against holding senators solely responsible for youth unemployment, poverty, inadequate infrastructure and other development challenges without considering the respective responsibilities of the federal, state and local governments.

He also faulted the expectation that senators should routinely return from Abuja with large sums of money to distribute among their constituents.

“A senator is neither the Chief Executive of a senatorial district nor a replacement for the Governor or Local Government Chairman,” Oseni said.

He explained that the primary responsibilities of senators included making laws, conducting legislative oversight, representing their constituents’ interests and advocating policies, projects and programmes capable of improving their welfare.

According to him, effective representation goes beyond occupying a seat in the National Assembly, as senators are expected to serve as a link between their constituents and the Federal Government.

He added that their responsibilities included influencing national policies, advocating development projects, facilitating access to legitimate federal programmes and ensuring that the concerns of their constituencies received adequate attention in national decision-making.

“A senator is the people’s voice at the federal level,” he said, stressing that effective representation required ensuring that constituents’ concerns were heard and considered in decisions affecting the country.

Oseni described the Senate as a critical institution in Nigeria’s federal democratic system, given its responsibilities for lawmaking, accountability and national development. He noted that the choice of a senator had implications not only for the immediate interests of a constituency but also for the country’s broader political and developmental direction.

He said the CAN conference provided an opportunity to promote informed political participation, correct misconceptions about legislative responsibilities and encourage voters in Oyo South to make informed choices ahead of the 2027 elections.

The APC chieftain urged voters to assess senatorial candidates based on their understanding of the legislative process, commitment to constituency representation, ability to scrutinise government policies and willingness to hold public institutions accountable.

He maintained that a better understanding of the Senate’s constitutional responsibilities would enable voters to set realistic expectations, demand accountability and evaluate their elected representatives more effectively.

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‎Oyo South: Sheikh Olafimihan Hails Oseni for N10m Inyass House Donation

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The APC Senatorial Candidate for Oyo South, Hon. Aderemi Oseni

‎Fadilat Sheikh Abdul Rasheed Olafimihan, the Balogun Faiydah of Yoruba Land, has commended  the All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, for donating N10m towards the development of Sheikh Ibrahim Inyass House in Modinat Elekuro, Ibadan.

‎Olafimihan, who organised a programme at the religious centre on Tuesday, said the donation was appreciated by the Inyass Unity Organisation, which is affiliated with Zumuratul Faiydah Tijaniyah Ibrahimiyyah of Nigeria.

Oseni, who represents the Ido/Ibarapa East Federal Constituency and chairs the House Committee on Federal Roads Maintenance Agency (FERMA), attended the event, where he made the donation towards the development of the facility.

In a letter of appreciation dated October 13, 2026, the organisation thanked the lawmaker for his presence and financial support.

The letter partly read, “On behalf of the Inyass Unity Organization affiliated with Zumuratul Faiydah Tijaniyah Ibrahimiyyah of Nigeria, we sincerely appreciate your presence and generous donation at the event held at Sheikh Ibrahim Inyass House, Modinat Elekuro, Ibadan, on October 13, 2026.”

The organisation specifically acknowledged the N10m contribution, stating that the money was donated towards the development of the religious centre.

“We are deeply grateful for your donation of N10,000,000.00 (Ten Million Naira Only) towards the development of Sheikh Ibrahim Inyass House,” the letter added.

‎Olafimihan also offered prayers for the lawmaker, asking Allah to reward him for his contribution and grant him success in his public service.

‎“May Almighty Allah (SWT) reward you abundantly and grant you success in your service to humanity,” the letter stated.

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