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We’ll Support Tinubu, AfDB Will Establish Entrepreneurship Investment Bank In Nigeria — Akinwumi Adesina

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The African Development Bank’s (AfDB) president, Akinwumi Adesina, claims that his organization is prepared to launch an entrepreneurship investment bank in Nigeria.

According to Adesina, the creation of such a bank is consistent with President Bola Tinubu’s goals and vision for Nigeria’s youth.

Adesina spoke after paying a visit to President Tinubu, who was also in attendance at the new global financial accord summit in France’s Palais Brongniart.

The head of the AfDB expressed his admiration for the president’s intentions and vision for Nigeria and promised to support the government in achieving its objectives.

“I discussed with his excellency, the President a couple of things. First of course is agriculture; to see what we can do to support the government with regard to the president’s vision in agriculture,” Adesina said.

“We discussed the special agro-industrial processing zone for which we already have about $520 million dollar for Nigeria and how we are going to make sure that the project gets accelerated to give quick wins to the president.

“We also talked about the power sector and how we will support his effort and vision.

”The president wants to make sure there is an improvement in the access to electricity in Nigeria, and therefore, he talked to us about how we can support him and we gave him the assurance that we will support significantly in the power sector in Nigeria.”

Adesina also commended Tinubu’s desire to impact the industrial sector.

“I discussed with the president also with regard to the industrial sector in Nigeria. I was impressed with his vision in terms of trying to grow the industrial sector in Nigeria and also having an export-orientated industrial manufacturing stance, which is very important for growing the forex in Nigeria,” he added.

“We also discussed about the youth. I have heard him speak quite a lot about young people, his heart for young people, and what he wants to support them.

“He asked for our support in regard to what we can do about that and I explained to the president that we will support him with the establishment of a youth entrepreneurship investment bank in Nigeria.

“This is going to be new financial institutions that will support the access to financing for the business of young people. He had the desire to grow the wealth for young people which is actually very good.”

BIG STORY

FULL LIST: Tinubu Appoints IBB’s Son, Muhammad Babangida Chairman Bank Of Agriculture, Others As Heads Of Govt Agencies

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President Bola Ahmed Tinubu has appointed Muhammad Babangida, the son of the former military President, as chairman of the revamped Bank of Agriculture.

President Tinubu approved the appointment today, along with seven others. Some of them will serve as chairmen or directors-general of Federal agencies.

Muhammad Babangida, 53, is an alumnus of the European University in Montreux, Switzerland, where he earned a Bachelor’s degree in Business Administration and a Master’s degree in Public Relations and Business Communication. He later attended Harvard Business School’s Executive Program on Corporate Governance in 2002.

Others appointed by the President are:

Lydia Kalat Musa (Kaduna State) Chairman, Oil and Gas Free Zone Authority (OGFZA).

Jamilu Wada Aliyu (Kano State) Chairman, National Educational Research and Development Council (NERDC).

The Hon. Yahuza Ado Inuwa (Kano State) is the Standard Organisation of Nigeria (SON) chairman.

Sanusi Musa (SAN, Kano State) is the Chairman of the Institute of Peace and Conflict Resolution(IPCR).

Prof. Al-Mustapha Alhaji Aliyu (Sokoto State) is the Director-General of the Directorate of Technical Cooperation in Africa (DTCA).

Sanusi Garba Rikiji (Zamfara State) is the Director-General of the Nigerian Office for Trade Negotiations (NOTN).

Mrs Tomi Somefun (Oyo State) is the Managing Director of the National Hydro-Electric Power Areas Development Commission (HYPPADEC).

Dr Abdulmumini Mohammed Aminu-Zaria (Kaduna State) has been appointed Executive Director of the Nigerian Integrated Water Resources Management Commission (NIWRMC).

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

July 18, 2025

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Buhari Never Wanted To Congratulate Saraki, Dogara After Emerging Senate President, Speaker — Femi Adesina

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Femi Adesina, who served as Special Adviser on Media and Publicity to the late President Muhammadu Buhari, revealed that Buhari was initially unwilling to congratulate Bukola Saraki and Yakubu Dogara after they controversially became Senate President and Speaker of the House of Representatives in 2015.

Adesina shared this in a tribute to Buhari, reflecting on his early experience as the president’s media aide and the difficulty of balancing loyalty with professional duty.

He explained that the incident happened just nine days after he took up the role of presidential spokesman.

According to Adesina, Saraki and Dogara emerged as leaders of the National Assembly against the preference of the ruling All Progressives Congress (APC).

Although their emergence was viewed as defiant, it still adhered to constitutional norms.

“I told the President we needed to congratulate them. He balked. But I stood my ground. He said no, I also said no. I said it would portray him as undemocratic,” Adesina wrote.

He noted that Buhari later agreed to issue the statement, making only a small addition to the final version.

“At the end of the day, he reasoned with me and the statement was written, with him just adding one word,” he stated.

“Keeping to his word is part of the famed integrity. Argue with me. If you have a better point, I’ll agree with you.”

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Road To 2027: Everyone Afraid Of Atiku — Dele Momodu Claims As He Joins ADC

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Dele Momodu, the publisher of Ovation International, has said that “everyone is afraid” of former vice-president Atiku Abubakar.

He made this remark while giving reasons for leaving the Peoples Democratic Party, PDP, to join the African Democratic Congress, ADC.

Momodu also confirmed that he would be backing Atiku in the 2027 presidential election.

During an appearance on Channels TV on Thursday, Momodu stated that his endorsement of Atiku stems from a strategic understanding of Nigeria’s political dynamics.

He said: “Everybody is afraid of Atiku, and that is exactly why I, Dele Momodu, support him.

“The fear the ruling party has for him shows he remains the most formidable opposition figure today.

“When everyone is trying to discredit or silence a man, it means he’s the one they truly fear.”

Momodu previously ran for president in 2011 and took part in the PDP presidential primaries in 2022.

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