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AfDB President, Akinwumi Adesina, Wins 2023 Obafemi Awolowo Leadership Prize

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The President of the African Development Bank Group, Akinwumi Adesina, has been awarded the prestigious Obafemi Awolowo Prize for Leadership.

The award which promotes the legacy and democratic ideals of the late Nigerian nationalist and federalist leader Chief Obafemi Awolowo, also “recognises and celebrates excellence in leadership.”

The Foundation’s Executive Director, Ambassador Dr Tokunbo Awolowo-Dosumu said, “Dr Adesina was the unanimous choice of the Foundation’s Selection Committee, which described Adesina as possessing the attributes for the award to the highest degree.”

According to Ambassador Awolowo-Dosunmu, “The attributes considered to have characterised Chief Awolowo’s excellent leadership, include integrity, credibility, discipline, courage, selflessness, accountability, tenacity of purpose, visionary and people-centred leadership.”

The former Nigerian President, Goodluck Ebele Jonathan was one of several world leaders who nominated Adesina. “He epitomises and combines qualities of extraordinary leadership that are often rare to find: great visionary, incredible courage, the ability to take on huge and difficult challenges, extraordinary dedication and commitment to deliver programmes and policies that transform the lives of millions of people,” Jonathan said.

Former British Prime Minister Tony Blair also praised Adesina’s leadership. “His contributions to the African continent and global leadership have been exceptional. Under his leadership the African Development Bank has delivered bold interventions to address some of the greatest challenges of our time,” he said.

Another globally renowned figure, Ambassador Kenneth Quinn, President Emeritus of the World Food Prize Foundation, saluted Adesina’s commitment to food security: “President Adesina has traversed the African continent evangelising his profound vision to end childhood stunting through enhanced nutrition; uplifting smallholder farmers, the great majority of them women; providing critical financing for a broad array of infrastructure projects so critical to development and modernisation.”

Former UN Secretary-General Ban Ki-moon and Global Center on Adaptation CEO Prof. Dr Patrick Verkooijen, jointly said, “We can think of no person more highly qualified or deserving of this prestigious award. Dr Adesina is forged in the same mould as Chief Obafemi Awolowo, a shining example of leadership.”

Dr Akinwumi Adesina is the third recipient of the Award. Others include Nigerian writer and Nobel Laureate Wole Soyinka and the former South African President Thabo Mbeki.

An award ceremony is scheduled for 6 March 2024, and will include keynote lecture by the honouree.

The Obafemi Awolowo Foundation, founded in 1992, is a non-profit non-partisan organisation.

 

 

Introduction

Distinguished ladies and gentlemen, it is my pleasure to welcome you to the unveiling of the recipient of this year’s Obafemi Awolowo Prize for Leadership. It will be recalled that the recipient of the maiden award of the Prize was announced on 19 December, 2012 while the ceremony for the presentation of the award was held on 6 March, 2013. In all, three distinguished personalities have so far been conferred with the Obafemi Awolowo Prize for Leadership. We are here today to announce the fourth recipient of the Prize.

Background

The Obafemi Awolowo Prize for Leadership is an initiative of the Obafemi Awolowo Foundation, which was set up in April 1992 to serve as the custodian of Chief Awolowo’s intellectual and leadership legacy. It was established as an independent, non-profit, non-partisan organisation dedicated to immortalising the democratic and development-oriented ideals of Chief Obafemi Awolowo.

The Foundation has sought, over the years, to pursue its mission through various activities which include the periodic hosting of Dialogues designed to examine critical issues of national concern with a view to proposing viable alternative strategies for their solution.

The institution of the Prize is a direct outcome of the Special Dialogue held in July 2011 and themed, ‘Transformational Leadership and Good Governance: Lessons from the Awolowo Example’. The dialogue highlighted the fact that one of the greatest challenges facing African countries is the dearth of good leadership. It therefore recommended that the Obafemi Awolowo Foundation should institute an Obafemi Awolowo​ Prize for Leadership to encourage, recognize, reward and celebrate excellence in leadership.

It is generally well known that Chief Obafemi Awolowo was one of Nigeria’s and indeed Africa’s foremost leaders. A Pan-African nationalist of global repute, he was the First Premier of Nigeria’s Western region and, later, Leader of Opposition in the Federal Parliament. He was also, inter alia, Nigeria’s Federal Commissioner (now known as Minister) of Finance and Vice Chairman, Federal Executive Council and played crucial roles in Nigeria’s constitutional and political development during the country’s colonial and postcolonial history.

Chief Awolowo was a highly revered Nigerian federalist, whose leadership bent was generally well acknowledged to be people-centred, visionary, integrity-laden and underlined by personal discipline. His grassroots-friendly policies and transformational approach to leadership are still evident in the various legacies of the late sage.

The Prize

The Obafemi Awolowo Prize for Leadership is a prestigious, biennial, international prize structured to follow a rigorous process of nomination and subsequent screening by a Selection Committee consisting of some of the most outstanding Nigerians. The prize not only confers considerable honour and recognition on the recipient, but also serves as a strong incentive to persons to pursue excellence in leadership and good governance.

The 2023 Award

In line with the relevant guidelines for the selection of candidates for the award, the call for nomination for this year’s edition of the Obafemi Awolowo Prize for Leadership was published for several months in 2023. At the close of nomination, many nominations were received. There is no doubt that many of these nominees are eminent persons who have made tremendous contributions in various spheres of life. We thank all those who sent in nominations for consideration.

The Recipient

After a careful, detailed and rigorous screening process, the Selection Committee was unanimous in deciding on the recipient of this year’s Prize. I have great pleasure to inform you that the considered view of the Selection Committee is that of all the nominees presented before it, the person adjudged to possess the attributes for the award to the highest degree and therefore is the recipient of the 2023 Obafemi Awolowo Prize for Leadership is Dr. Akinwumi Ayodeji Adesina, CON, President of the African Development Bank.

Dr. Adesina graduated from the University of Ife, Nigeria (now Obafemi Awolowo University) in 1981 with a First-Class Honours in Agricultural Economics, the first student to attain that feat in the field since the establishment of the university. He obtained his Master’s and PhD degrees in Agricultural Economics from Purdue University, United States of America. He has had over three decades of experience working in various leadership positions across the world.

Dr. Adesina, a former Nigerian Minister of Agriculture in the administration of President Goodluck Ebele Jonathan, is currently serving a second term as President of African Development Bank. Besides being a Pan Africanist with enthusiastic commitment to the positive transformation of the continent, he has demonstrated core leadership qualities that have been associated with Chief Obafemi Awolowo, and which this Prize is meant to encourage and reward. Dr. Adesina is a person whose outstanding leadership has occasioned public policies that have positively transformed millions of lives.

As Minister of Agriculture in Nigeria, Dr. Adesina introduced innovative reforms such as the fertilizer sector reforms, which virtually eliminated corruption in the sector and ensured that farmers actually benefitted from government’s subsidized fertilizers. He developed an electronic-wallet(link is external) system that allowed farmers to receive electronic vouchers for seeds and fertilizers directly on their mobile phones, thereby cutting off the middlemen in the system. Not less than 15 million farmers benefitted from this scheme within four years.

Since assuming office as President of the African Development Bank (AfDB), Dr. Adesina has worked relentlessly to contribute to the positive transformation of the continent. He has brought leadership to bear in addressing some of the challenges confronting the continent including leading and supporting innovative efforts to fight hunger and poverty.

At the AfDB, Dr. Adesina introduced what he termed the “High 5s” namely, to light up and power Africa; Feed Africa; Industrialise Africa; Integrate Africa; and improve the quality of life of the people of Africa. The impactful and successful nature of this programme has been widely acknowledged.

In 2019, under the leadership of Dr. Adesina, the shareholders of the African Development Bank increased the capital base of the Bank from $US93 billion to US$208 billion, an increase of over 123 percent, the highest capital increase of the Bank since its establishment in 1964

Dr. Adesina is a kind hearted and generous person who believes in supporting the less privileged and younger persons. He demonstrated this when, at the event where he was given the World Food Prize, he announced that he would devote the $US 250,000 cash tied to the prize to supporting young people by establishing the World Hunger Fighters Foundation(link is external) to support young people in the fight against global hunger. Some young people have so far benefitted from this gesture.

A comprehensive citation of Dr. Adesina will be given at the award ceremony scheduled for 6 March, 2024, which is Chief Awolowo’s birth anniversary. But let me conclude by making reference to pertinent comments about Dr. Adesina by two eminent global personalities. As a former President of Nigeria, Dr. Goodluck Ebele Jonathan (in whose cabinet Dr. Adesina served as Minister of Agriculture) aptly noted, “Dr. Adesina epitomises and combines qualities of extraordinary leadership that are often rare to find: great visionary, incredible courage, ability to take on huge and difficult challenges, extraordinary dedication and commitment, selflessness, people-centeredness, and fervour to deliver transformative programs and policies that transform the lives of millions of people.” Similarly, a former Secretary General of the United Nations who is a non-African rightly averred that “Dr. Adesina is forged in the same mould as Chief Obafemi Awolowo – a shining example of leadership.”

Thank you very much for your attention and support.

Source: www.afdb.org

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Personality in Focus

Writers Celebrate Chinua Achebe’s 94th Posthumous Birthday

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Writers across Nigeria, under the auspices of the Society of Young Nigerian Writers (SYNW), have united in commemorating the 94th posthumous birthday of one of Africa’s greatest literary icons, Prof. Chinua Achebe. Achebe, renowned globally for his groundbreaking novel *Things Fall Apart*, remains an enduring symbol of literary excellence and cultural preservation.

In a statement issued by Wole Adedoyin, the President of SYNW emphasized Achebe’s unmatched contributions to African literature and his role as a beacon of inspiration for writers across generations. Adedoyin highlighted the Society’s unwavering commitment to honoring Achebe’s legacy through creative and impactful initiatives.

One of the key tributes mentioned is the *Chinua Achebe Annual Literary Festival and Memorial Lecture*, initiated by the Anambra Chapter Coordinator of SYNW, Izunna Okafor. Now in its 9th edition, the festival has become a significant platform for celebrating Achebe’s works and discussing his influence on modern African literature.

Cynthia Maduekwe, the President of the Nigeria Society of Campus Writers, also spearheaded the *Writers Tour*, another initiative aimed at engaging young writers with Achebe’s literary philosophy. This tour exposes aspiring authors to Achebe’s timeless themes of cultural identity, colonialism, and societal transformation, ensuring his legacy continues to inspire future generations.

The Society of Young Nigerian Writers (SYNW) reaffirmed its dedication to Achebe’s memory through these longstanding programs. Writers across the country were encouraged to reflect on Achebe’s life and works, sharing tributes and essays on social media platforms to further propagate his vision of storytelling.

Adedoyin lauded the efforts of writers like Okafor and Maduekwe, whose initiatives keep Achebe’s legacy alive.

He also urged literary organizations and institutions to continue collaborating to sustain Achebe’s impact on African literature and culture.

“Prof. Achebe’s work transcends literature. He gave Africans a voice on the global stage, presenting our stories with authenticity and pride. Celebrating his 94th posthumous birthday is a reminder of the power of storytelling in shaping society,” Adedoyin stated.

The SYNW also used the opportunity to announce plans for a series of upcoming events dedicated to Achebe in the coming year, including essay competitions, poetry readings, and book discussions. These programs aim to further Achebe’s vision of nurturing literary talent and promoting African narratives.

As the literary community celebrates Achebe’s life and achievements, his timeless words resonate: “Until the lions have their own historians, the history of the hunt will always glorify the hunter.”

Achebe’s legacy continues to inspire writers to tell their own stories, preserving the richness of African culture for generations to come.

The Society of Young Nigerian Writers concluded by inviting literary enthusiasts to join in celebrating Achebe’s enduring impact, emphasizing that his legacy is a shared treasure for all who value the power of words.

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Personality in Focus

UBA Appoints Henrietta Ugboh Independent Non-Executive Director As Owanari Duke Retires from Group Board

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director.

The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria.

UBA’s Group Chairman, Tony Elumelu, CFR commenting on the appointment, said, “Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will further strengthen the UBA Group Board, underlining once again the Group’s commitment to robust corporate governance.”

Ugboh holds a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and is an alumnus of the Harvard Business School’s Executive Management Program. She has over 30 years experience in banking with Citibank and is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Fellow of the Institute of Credit Administration (FICA).

Elumelu added that with her considerable experience and expertise, which includes commercial banking, credit, and risk management, the UBA Board is delighted to welcome Mrs Ugboh to the Group Board, “We look forward to her invaluable contribution to the Group, as we continue to execute our unique growth strategy across Africa and globally.”

The Board also announced the retirement of Mrs. Owanari Duke, an Independent Non-Executive Director, who joined the UBA Group Board in October 2012.

During her tenure, Mrs. Duke provided distinguished leadership, serving on Committees of the Bank including the Board Governance Committee, Board Audit, Governance, Nomination & Remuneration Committee, Board Credit Committee, Finance & General Purpose Committee and Statutory Audit Committee.

On behalf of the board, Mr. Elumelu expressed UBA’s deep appreciation to Mrs. Duke for her dedication and significant contributions to the Group, wishing her the best in her future endeavour.

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than forty-five million customers, across 1,000 business offices and customer touch points in 20 African countries. With presence in New York, London, Paris and Dubai, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and related banking services.

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Tinubu Hails FirstBank’s Immediately Past CEO, Adeduntan on Exceptional Service

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By Eric Elezuo

Nigeria’s President, Bola Tinubu, has congratulated the immediate past Chief Executive Officer of the FirstBank of Nigeria Limited, Dr. Adesola Adeduntan as the bank holds a splendid Sendforth party on his behalf for a meritorious service.

The president’s congratulatory message is contained in a statement signed by his Special Adviser, Information & Strategy, Mr. Bayo Onanuga.

The statement reads in full:

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

President Bola Ahmed Tinubu congratulates Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at Nigeria’s oldest bank.

In celebration of Adeduntan’s remarkable tenure, the 130-year-old First Bank will host a special send-off ceremony this weekend, expressing gratitude for his contributions over the past nine years.

President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating Profit Before Tax from N10 billion in 2015 to an impressive N300 billion in 2023.

These milestones, the President said, reflected Adeduntan’s visionary leadership and commitment to excellence.

The President expresses his appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions. His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape.

President Tinubu also lauds the bank’s solid internal management ethos, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu.

President Tinubu wishes Dr Adeduntan continued success in all his future endeavours.

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