Headlines
AfDB Proffers Solution to Overcome COVID-19 in Africa
The African Development Bank Group says accelerated global health and economic effort are the actions needed to be able to overcome the coronavirus pandemic in the continent.
President of the group, Dr. Akinwumi Adesina said this on Wednesday during a global Corporate Council on Africa via webinar, according to a statement by the bank’s Communications and External Relations Department.
The corporate council on Africa is a leading U.S. business association that promotes business and investment between the U.S. and Africa.
He said that “one death is one too many” just as “our collective humanity is at stake”.
Adesina, therefore, urged U.S. and African government officials as well as corporate executives to forge new and sustainable partnerships that would endure beyond the pandemic.
While urging participants to be their brother’s and sister’s keepers, the AfDB president said there was a compelling need to pay attention to underlying global inequalities, and the impact on rich and poor countries.
Adesina highlighted the bank’s recent issuance of a record-breaking three billion dollars “Fight COVID-19” bond, which he described as the largest-ever U.S. dollar-denominated social bond.
He said the bond was oversubscribed at 4.6 billion dollars and was listed on the London Stock Exchange.
According to him, the bank also inaugurated a 10 billion dollars COVID-19 Response Facility to assist African governments and businesses.
“The bank’s response package includes 5.5 billion dollars earmarked for African governments, 3.1 billion dollars for countries that fall under the bank’s Concessionary African Development Fund, and 1.4 billion dollars for the private sector,” he said.
Answering questions about Africa’s health care system, Adesina said the region needed to do more than double spending in the sector.
He said the acute shortage of facilities and pharmaceutical companies in the continent should offer development and investment opportunities.
According to him, while China is home to 7,000 pharmaceutical companies, and India 11,000, Africa as a whole, by contrast, has only 375, even though its population is roughly equal to half of the combined population of both China and India.
Adesina, therefore, called on multilateral institutions to align and step up their collective efforts with regard to Africa’s debt, manage their ratings, and work together with rating agencies.
He said that although COVID-19 infection rates across Africa were relatively low compared with the rest of the world, there was yet a compelling need to improve on healthcare infrastructure in the continent.
He added that with an eye on the present crisis and beyond, there was a need for urgent, new, and resilient partnerships that would help leave no one behind.
Meanwhile, Florie Liser, President/CEO of the Corporate Council on Africa has lauded AfDB’s proactive leadership role in responding to the crisis in Africa.
According to Liser, the coronavirus pandemic is threatening to erase Africa’s unprecedented growth and economic gains over the past decade.
(NAN)
Former Vice President, Atiku Abubakar has expressed deep shock and sadness over the killing of Brigadier General Musa Uba by terrorists.
This was released through his official X page on Monday.
Criticizing the military hierarchy for failing to provide a clear explanation of the incident, he noted that initial official statements had reportedly denied the circumstances surrounding the general’s death.
He further described the tragedy as “unequivocally a failure of political leadership.”
Atiku accused President Bola Tinubu of prioritizing political battles over his responsibilities as Commander-in-Chief of the Armed Forces.
He called Gen. Musa’s death, along with those of the troops under his command, “one death too many” and warned of the dangers of a resurgent terrorist threat.
He as well urged citizens and military personnel to remain resilient, saying, “Even this season shall pass away.”
In addition, he also directed a pointed message to the President, stating that the security of Nigerians is the government’s foremost responsibility.
“You must live up to it or be humble enough to admit incompetence and either ask for help or resign,” he added.
He suggested that, if he were President, he would order the military to occupy Borno State or any other areas under siege by bandits or armed groups until they are cleared, emphasizing the need to protect those risking their lives for national security.
He extended his condolences to the Nigerian Armed Forces, the family of the deceased, and all Nigerians, expressing hope that the nation would soon overcome this dark period.
The Super Eagles’ 2026 World Cup dream suffered a major blow on Sunday as DR Congo advanced to the intercontinental playoff following a dramatic penalty shootout at the Prince Moulay Abdellah Stadium in Rabat.
Nigeria’s hopes of qualifying ended in heartbreaking fashion, marking the second consecutive year the Super Eagles will miss out on the world stage.
The match ended 1–1 after 120 minutes of regulation and extra time, sending the high-stakes encounter to penalties.
Nigeria initially went ahead through Frank Onyeka in the third minute, but DR Congo equalised in the 32nd minute through M. Elia.
The tension continued into the penalty shootout.
Nigeria’s Calvin Bassey and Moses Simon missed early chances, while Nwabali denied DR Congo’s first penalty.
Akor Adams kept the Super Eagles alive, but DR Congo struck back through Sadique and later scored the decisive fourth penalty, leaving Nigeria trailing 4–3 in the shootout.
The victory sets up DR Congo for a chance to secure one of the final World Cup tickets to the expanded 48-team tournament in the United States, Canada, and Mexico.
Nigeria’s defeat marked the second consecutive year the Super Eagles will miss out on the world stage.
Both teams had earned their places in the final after dramatic semi-finals.
Nigeria had booked their place in the final with a dramatic 4–1 extra-time win over Gabon in Thursday’s semi-final at the Moulay El Hassan Stadium.
DR Congo also advanced with a 1–0 victory over Cameroon at the Al Barid Stadium the same evening.
The Leopards now await their intercontinental playoff opponent, keeping alive their hopes of reaching the 2026 World Cup, while the Super Eagles’ campaign comes to an agonising end in Rabat.
The Peoples Democratic Party (PDP) has expelled Minister of the Federal Capital Territory (FCT) Nyesom Wike, its suspended National Secretary, Samuel Anyanwu, and former Governor of Ekiti State, Ayo Fayose.
Their expulsion was announced on Saturday at the party’s National Convention in Ibadan, Oyo State.
