Nigeria’s Akinwumi Adesina has described his re-election as the President of the African Development Bank (AfDB) as historic and another call for selfless service to Africa.

Dr Adesina spoke about his re-election during the closing session of the 55th Annual Meetings of the bank which held virtually on Thursday.

“Of course, right now, the sound that is the loudest in my ears is the announcement of my re-election as President of the African Development Bank for a second term,” he said.

“We also made history by re-electing me by 100 percent votes. I became the first President of the bank in its history to be re-elected by 100 percent votes of all its shareholders and I am most grateful and very appreciative.”

“This was very important; it shows the transparency of our bank, it shows your demonstrated weight of support behind my vision.

“It shows a very clear and strong mandate from all shareholders to go and implement the vision, it shows that all voices were heard, it shows that we are true to the constitutive test of our bank,” the AfDB president added.

Call For Selfless Service

Adesina thanked the Governors of AfDB’s 81 member countries, the bank’s shareholders and members of staff for his re-election.

He believes AfDB has shown its high level of standards and commitment to transparency and good governance.

The AfDB president said he was grateful for the collective trust, confidence, and support shown by the governors and the others.

He stated his readiness to work closely with them for the urgent and difficult task of supporting Africa to rebuild it better, smarter, and boldly following the COVID-19 pandemic.

Adesina informed the shareholders of the AfDB that he and the board of directors, as well as the senior management and staff of the bank, would need their support for the bank to play its leadership role.

He said, “It is yet another call; a call for selfless service to Africa and the African Development Bank.

“Dear governors, you steadied the bank, you stabilised the bank’s leadership, you strengthened the bank, you reinforce our collective vision, you decided for continuity to build on what we have achieved together over the past five years.”

Giving an update on the 2020 annual meetings of the bank, the AfDP president disclosed that issues discussed included how to further strengthen the institution and deepen governance and accountability systems in Africa.

According to him, other issues that came up are regional trade, regional integration, climate, gender, youth, and jobs, debt sustainability, and focusing on quality health infrastructure to build economic resilience for Africa.

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