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Exporting Raw Materials Is A Door To Poverty—Akinwunmi Adesina
Akinwunmi Adesina, the president of the African Development Bank (AfDB), says internal investments within the continent are the only pathway to beating poverty.
Adesina spoke in an episode of BBC’s Focus on Africa podcast that aired on Wednesday.
Reacting to the “unprecedentedly large cuts” to foreign aid that rattled multiple sectors across Africa, Adesina said the impact proves that the continent does not need to rely on international donors.
“You can’t just rely on the benevolence of others,” he said.
“Benevolence is not a strategy; investment is a strategy. There is no substitute to actually hard-nosed investments in which you actually bring in private capital to unlock all of your assets.”
The AfDB president said it is crucial that the youth, who make up most of Africa’s population, invest their talents and skills in the continent rather than seek a future in foreign nations.
“We have to build highly competitive industrial value chains that we can trade among ourselves, that we can get the skills, and some of the people that are leaving will come back,” he said.
“So, if you’re investing in, for example, manufacturing lithium-ion precursor batteries in DRC Congo, it’s three times less than in the United States, Poland, or China.
“And so, when we build those chains, we retain talent, we attract talent. Our young people will do that, so if you want to create more jobs, build industries.
“When you export raw materials, that is the door to poverty.”
Reflecting on his two-term tenure as AfDB president, Adesina said he viewed his position as a mission to fast-track Africa’s progress.
Adesina is the eighth elected president of the AfDB.
He was first elected to the position on May 28, 2015, by the bank’s board of governors in Abidjan, Côte d’Ivoire, and was re-elected unanimously for a second five-year term on August 27, 2020.
Before his appointment at the AfDB, Adesina was Nigeria’s minister of agriculture from 2010 to 2015.
Adesina will conclude his tenure at the AfDB in September.
News
Borno Commemorates 11 Years Since Chibok Girls’ Abduction, Donates N10 Million to Their Families
By Nathaniel Irobi
In a poignant ceremony held on Tuesday, the Borno state government marked the 11th anniversary of the abduction of the Chibok schoolgirls, who were taken by terrorists in 2014. During the event, Governor Babagana Zulum, represented by Zuwaira Gambo, the state commissioner for women affairs and social development, announced a donation of N10 million along with food supplies to support the families of the 276 abducted girls.
Governor Zulum emphasized that this donation is part of the ongoing commitment by the Borno state government to alleviate the hardships faced by the affected families. “This is not the first time the Borno state government has extended its support. From the beginning, successive administrations have assisted Chibok,” he stated, reaffirming that under his leadership, this dedication has only intensified. “We will continue our efforts until every missing girl is safely returned.”
As of now, 18 of the 189 girls who have been rescued are receiving care from the state government. Zulum shared that these girls are undergoing psychosocial support, vocational training, and academic tutorials to help them prepare for their senior school certificate examinations as part of a comprehensive rehabilitation and reintegration program.
The government’s ongoing support for the Chibok community was praised by Mustapha Modu, chairman of Chibok Local Government Area; Pogu Lawan, a member of the state house of assembly; and Hauwa Mai Musa, the governor’s senior special adviser on women affairs.
Furthermore, a report from the United Nations Children’s Fund (UNICEF) in April 2023 indicated that approximately 93 schoolgirls remain in captivity. Although the federal government has pledged to ensure the rescue of the remaining girls, many of the students continue to be unaccounted for a decade after their abduction.
A Kano State High Court, on Tuesday, reserved ruling in the case of alleged bribery and misappropriation filed against the former governor of Kano State, Dr Abdullahi Ganduje, and seven others.
The Kano State Government instituted an eight-count charge bordering on bribery, misappropriation and diversion of public funds running into billions of Naira against Ganduje and seven others, including his wife, Hafsat Umar.
Others charged with Ganduje are Abubakar Bawuro, Umar Abdullahi Umar, Jibrilla Muhammad, Lamash Properties Limited, Safari Textiles Limited and Lasage General Enterprises Limited.
When the case came up for hearing of all pending applications, counsel to Ganduje and his wife, Offiong Offiong SAN, applied for an extension of time and urged the court to grant the application.
“We also filed our preliminary objection challenging the jurisdiction of the court, dated Nov. 18, 2024, along with a 28-paragraph affidavit and a written address in support.
“We also filed a reply on point of law dated April 4, 2025,” he said.
However, counsel to the state, Mr Ayodeji Adedipe, SAN, filed a reply to the notice of preliminary objection dated Oct. 22, 2024, addressing all the respondents.
“The application is attached with a seven-paragraph counter affidavit and a written address dated Dec. 13, 2024, attached along with several documents as exhibits,” Adedipe said.
He prayed the court to dismiss the respondents’ applications for lacking merit.
Counsel to the 3rd and 7th defendants, Mr Adekunle Taiye-Falola, filed a motion on notice on a preliminary objection dated Oct. 18, 2024, supported by a 14-paragraph affidavit and a written address.
“In reply to the complainant’s counter affidavit, we filed our further and better affidavit dated Dec. 12, 2024, and a reply on point of law. We urge the court to grant the application as prayed,” Taiye-Falola said.
Counsel to the 5th defendant, Mr Sunusi Musa, SAN, also filed a motion on notice on a preliminary objection dated Oct. 18, 2024, which was supported by an affidavit, an exhibit and a written address.
“We also filed our affidavit and reply on point of law and urged the court to grant the application with substantial costs against the complainant,” he said.
Counsel to the 6th respondent, Mr Ashafa Yusuf , also filed a notice of preliminary objection dated Sept. 9, 2024, supported by a nine-paragraph affidavit and a written address.
“My Lord, we filed a further and better affidavit dated Feb. 17, supported by an 11-paragraph affidavit. We also filed a reply on point of law and urged the court to grant the application,” he said.
Also, Faruk Asekone, counsel to the 8th defendant, filed a notice of preliminary objection dated Oct. 18, 2024, supported by a five-paragraph affidavit and a written address.
“In reply to the complainant’s counter-affidavit, we filed our further and better affidavit and reply on point of law dated Feb. 13, 2025, and urge the court to grant the application,” Asdkome said.
The judge, Justice Amina Adamu-Aliyu, granted the application for an extension of time.
Adamu-Aliyu adjourned the matter for ruling on the notices of preliminary objection to a date that would be communicated to the parties at a later date. (NAN)
A former Governor of Kaduna State, Nasir El-Rufai, has slammed the President Bola Tinubu-led Federal Government, describing it as the most “corrupt and worst” government in Nigerian history.
El-Rufai, who spoke in an interview with some journalists in Katsina Monday night, said Tinubu’s government is also the most intolerant government since the return of democratic rule in 1999.
He claimed that the Federal Government of President Tinubu is the most lying government that depends on false propaganda, especially on security challenges bedevilling the country.
The erstwhile Kaduna governor, who was in Katsina to condole with Governor Dikko Umaru Radda over the demise of his mother, also refuted the claim by the Federal Government that security has improved in the country.
He added that the insecurity in the country is due to the Federal Government’s failure to proffer deeper solutions to address what he termed the prevailing security challenges from their roots.
He stressed that many local government areas in Katsina, Zamfara and Sokoto States were under the control of bandits, adding that bandits and terrorists’ leaders like Dogo Gide, Mallam Abba and Bello Turji have not been killed.
El-rufia said: “I have said it before, this is the worst Federal Government in Nigerian history and all the indices have shown it. This is the most corrupt and most intolerant government in Nigeria.
“This is the most lying government that depends on false propaganda. They lied that security has improved in Nigeria. They read out numbers of bandits killed except the ones we know are the leading bandits.
“In Kaduna, Dogo Gide is still around, Mallam Abba, the Boko Haram terrorist is still alive. Bello Turji is still around but everyday, they announce names of people that are bandits’ leaders that they have killed and security has improved.
“How many local governments are under the occupation of bandits in Katsina State? How many are occupied by bandits in Zamfara State and some parts of Sokoto State? And because you are in government you think that nothing would happen?”
The former FCT Minister, however, described his new political party, the Social Democratic Party (SDP), as a party with a long history and credibility that will wrest power from the ruling All Progressives Congress (APC) in 2027.