News
Adesina says great opportunities abound in Africa amid global challenges
The African Development Bank (AfDB) President, Dr Akinwumi Adesina says there is great potential and opportunities in Africa.
According to him, this is evident in its economic growth.
Adesina said this in a recent interview with the British Broadcasting Corporation (BBC), which was monitored by the News Agency of Nigeria (NAN).
The AfDB President said Africa’s Gross Domestic Product (GDP) growth rates had continued to outpace the global average, with projections showing positive trends.
“Take a look at the African Economic Outlook we had from the African Development Bank. The GDP growth rate in 2023 was 3.1 per cent.
“This year, its 3.7 per cent, and in 2925, its going to be 4.3 per cent.
“Now, why is that important? It is well above the global average.”
The AfDB boss acknowledged the challenge of fast-rising populations but remained optimistic about Africa’s potential.
“You still have 10 out of the 20 fastest-growing economies in the world being in Africa.
“Africa still needs to grow a double-digit, though, for probably another 10, 20 years before we see a lot of millions of people taken out of poverty,” he said.
Regarding misconceptions about investing in Africa, Adesina said “Africa is not as risky as people say.”
According to him, Africa has demographic advantage, with a projected population of 2.5 billion by 2050.
“And its vast agricultural potential, with 65 per cent of the world’s uncultivated arable land located on the continent.
“Perception is not reality. Data matters. Moody’s Analytics did a 14-year assessment of the cumulative risk of losses on infrastructure around the world.
“They found that the risk of loss in Africa was 1.6 per cent or 1.9 per cent, Latin America was roughly 12 per cent, and North America was 10 per cent.
”If you take a look at Western Asia, 4.5 per cent. So, that means that Africa is not as risky as people say. That said, you do have market risk, political risk, and financial risk.
“And that is what we do as multilateral development banks: de-risk those investments. But if you take a look at it in terms of risk-return analysis, Africa is still the place to be,’’ Adesina said.
The AfDB president restated the bank’s commitment to de-risking investments in Africa and ensuring sustainable growth on the continent. (NAN
“On Adapting to Change; Exploring Challenges , and Breakthroughs in Housing Development over the past year. ”
By Our Reporter
Federal Housing Authority, FHA, Saturday 13th, April, 2025 held a workshop on Adapting to Change: Exploring Challenging and Breakthroughs in Housing Development over the past year.
The workshop which is a follow up to the Retreat held July 2024 aimed at re – appraising what the Authority has been able to achieve within the past year, where the Authority is now and where it will be in the next one year.
The Managing Director and Chief Executive, Hon Oyetunde Ojo in his opening remarks and Programme Overview, noted that the programme was designed to be in – house to enable staff speak to themselves frankly and practically out of everyday work experience.
He noted that getting external facilitators to re – appraise the Authority over the past one year may not yield the desired result.
He therefore called on all participants to be free to ask any questions and make contributions they feel would be useful in advancing the cause of the Authority.
Hon Ojo used the opportunity to list out some of the achievements and improvements the current Executive Management have been able to achieve in their stay in office.
Such achievements as digitalization of the Authority , improved internet services within the office, linking the Zonal offices for live time interaction.
The Managing Director also noted that his management has been able to give permanent appointments to adhoc staff who have worked and contributed to the growth of FHA as well as physically challenged persons that served in the Authority.
On welfare, the Chief Executive officer said that conducive working environment have been provided for staff. He pointed out the conversion of the newly built MD/CEO’s office complex to offices for staff, the renovation of offices and provision of working tools for staff.
Hon Ojo used the medium to implore members of the public to refrain from attacking and assaulting staff of the Authority or any FHA subsidiary while carrying out their lawful duties.
In his words, he said, …” I will rather resign if I don’t get justice for any of my assaulted staff”.
On the Authority’s current financial stability, he stated that management found It most repugnant that the Authority has been grossly short changed in the statutory fees it charged. According to him,” the EMC found it ridiculous that contactors dictate what happened in the Authority.
“My management refused this and after due deliberations and consultations decided to adequately place our charges to where is currently. ”
The Managing Director noted that revenue does not come to meet you, rather you go out to meet revenue. Consequently, he said that was what has made him to lead revenue drive and enforcements to enable management to meet her finacial obligations.
The increase in the revenue base he said results in regular payment of salaries, quick implementation of the minimum wage, quick payment of all remunerations.
These are factors he said are motivators of staff for effectiveness and excellence.
Hon Ojo also pointed out that for the first time in many years, FHA under him participated on the Federal Civil Service games, and will continue to participate. He also announced that FHA football team has registered for the 2025 Abuja Amateur league.
The Managing Director also announced that the Authority has lined some projects for commissioning. Some of such projects are the 59 shops Gwarinpa Shopping Mall, 100 units of houses in FHA Estate Ajoda, Ibadan, Oyo State as well as the Lugbe Shopping complex.
He also said that the contractors in Bwari project site Abuja have been paid, and that the Authority is in the process of sand filling and reclaiming its land in Festac Town Lagos.
Finally, the Managing Director announced that the Authority’s Research and Innovation department has become functional and would among other things carry out integrity test for FHA and clients from outside.
The 3 day Workshop drew participants and speakers from Federal Housing Authority and the subsidiaries; FHA Mortgage Bank Ltd FHAMB and FHA Energy Distribution Company Limited.
“On Adapting to Change; Exploring Challenges , and Breakthroughs in Housing Development over the past year. ”
By Our Reporter
Federal Housing Authority, FHA, Saturday 13th, April, 2025 held a workshop on Adapting to Change: Exploring Challenging and Breakthroughs in Housing Development over the past year.
The workshop which is a follow up to the Retreat held July 2024 aimed at re – appraising what the Authority has been able to achieve within the past year, where the Authority is now and where it will be in the next one year.
The Managing Director and Chief Executive, Hon Oyetunde Ojo in his opening remarks and Programme Overview, noted that the programme was designed to be in – house to enable staff speak to themselves frankly and practically out of everyday work experience.
He noted that getting external facilitators to re – appraise the Authority over the past one year may not yield the desired result.
He therefore called on all participants to be free to ask any questions and make contributions they feel would be useful in advancing the cause of the Authority.
Hon Ojo used the opportunity to list out some of the achievements and improvements the current Executive Management have been able to achieve in their stay in office.
Such achievements as digitalization of the Authority , improved internet services within the office, linking the Zonal offices for live time interaction.
The Managing Director also noted that his management has been able to give permanent appointments to adhoc staff who have worked and contributed to the growth of FHA as well as physically challenged persons that served in the Authority.
On welfare, the Chief Executive officer said that conducive working environment have been provided for staff. He pointed out the conversion of the newly built MD/CEO’s office complex to offices for staff, the renovation of offices and provision of working tools for staff.
Hon Ojo used the medium to implore members of the public to refrain from attacking and assaulting staff of the Authority or any FHA subsidiary while carrying out their lawful duties.
In his words, he said, …” I will rather resign if I don’t get justice for any of my assaulted staff”.
On the Authority’s current financial stability, he stated that management found It most repugnant that the Authority has been grossly short changed in the statutory fees it charged. According to him,” the EMC found it ridiculous that contactors dictate what happened in the Authority.
“My management refused this and after due deliberations and consultations decided to adequately place our charges to where is currently. ”
The Managing Director noted that revenue does not come to meet you, rather you go out to meet revenue. Consequently, he said that was what has made him to lead revenue drive and enforcements to enable management to meet her finacial obligations.
The increase in the revenue base he said results in regular payment of salaries, quick implementation of the minimum wage, quick payment of all remunerations.
These are factors he said are motivators of staff for effectiveness and excellence.
Hon Ojo also pointed out that for the first time in many years, FHA under him participated on the Federal Civil Service games, and will continue to participate. He also announced that FHA football team has registered for the 2025 Abuja Amateur league.
The Managing Director also announced that the Authority has lined some projects for commissioning. Some of such projects are the 59 shops Gwarinpa Shopping Mall, 100 units of houses in FHA Estate Ajoda, Ibadan, Oyo State as well as the Lugbe Shopping complex.
He also said that the contractors in Bwari project site Abuja have been paid, and that the Authority is in the process of sand filling and reclaiming its land in Festac Town Lagos.
Finally, the Managing Director announced that the Authority’s Research and Innovation department has become functional and would among other things carry out integrity test for FHA and clients from outside.
The 3 day Workshop drew participants and speakers from Federal Housing Authority and the subsidiaries; FHA Mortgage Bank Ltd and FHA Energy Department.
By Tambaya Julius, Abuja
In an atmosphere filled with joy, unity, and heartfelt wishes, Jaba Local Government came alive as Honourable Mustapha and Sister Fatima celebrated their union today in a wedding that will be remembered forever.
The occasion was graced by esteemed personalities and dignitaries and prominent figures within and outside Kaduna State, who gathered not only to honour the couple but also to offer guidance, blessings, and sincere prayers for a successful marriage.
Speaking through the Jaba LGA Council Speaker, Hon. Dogo Zachariah, the Executive Chairperson of Jaba Local Government, Hon. Laria Sylvia Ishaku, expressed her deepest gratitude for being part of such a meaningful and memorable celebration.
Hon. Laria congratulated the newlyweds couple and encouraged them to embrace unity, love, and mutual respect in their marriage. She urged the couple to always see themselves as one and remain committed to understanding each other no matter the challenges they may encounter.
Hon. Laria warned the couple against allowing external influences or rumours to interfere in their relationship. “As a married couple, it’s crucial to cultivate trust and open communication,” Hon. Laria advised. “Never allow outsiders to sow discord or bring confusion into your home.”
She further appealed to the general public to avoid meddling in private marital affairs, reminding them that interfering negatively can damage the foundation of any union.
During the event, Professor Yasuf Joe Gandu, Dean of the Faculty of Environmental Sciences at Bingham University, Nasarawa State, also shared his thoughts. Prof. Gandu encouraged the couple to remain patient, tolerant, and supportive of one another. “You’ll never find a perfect husband or a perfect wife,” he said. “But through patience, love, and mutual understanding, couples can build a strong, everlasting relationship.”
The ceremony was further enriched with royal blessings, delivered on behalf of the Kpop Ham, HRH. Danladi Gyet Maude, through the District Head of Fada, His Royal Highness M.D Shehu, also known as the Tafidan Jaba.
HRH. Shehu extended his heartfelt prayers and blessings to Hon. Mustapha and Sister Fatima, wishing them a life filled with peace, love, and unity. He urged them to always strive for harmony and be each other’s support system through all phases of life.
The Royal Father also prayed for safe journey for all attendees, blessing them with journey mercies as they returned to their homes.
Lastly the newlyweds couple, Hon. Mustapha and Sister Fatima filled with emotion and gratitude, expressed their appreciation to everyone who had supported them during their journey to marriage. Surrounded by smiling faces and heartfelt wishes, Hon. Mustapha addressed the gathering with humility and thankfulness.
“We are truly blessed to have so many loved ones standing with us today,” he said. “Your prayers, love, and sacrifices mean the world to us. To those who travelled long distances, may your journey back be safe and peaceful.”
Sister Fatima, radiating grace and joy, echoed with heartfelt thanks to the families, friends, and well-wishers who made the day so special.
In a touching moment, the couple, Hon. Mustapha and Sister Fatima directed particular appreciation toward Hon. Laria Sylvia Ishaku for her extraordinary support and genuine kindness throughout their weeding preparations and on the wedding day itself. “Words cannot fully express our gratitude,” Hon. Mustapha said.
“May God reward you abundantly for your generosity, warmth, and encouragement. Your presence, support and prayers have added great meaning to our union, thank you so much Hon. Laria Sylvia Ishaku.”Hon. Mustapha added.