Akinwumi Adesina's successor: Tinubu reacts as AfDB elects new president, details emerge

• President Bola Tinubu has commended the predetermination of Dr Sidi Tah who emerged arsenic the ninth president of the African Development Bank (AfDB) Group
• Tinubu, successful a telephone speech connected Thursday, congratulated President Mohamed El Ghazouani of Mauritania pursuing Tah’s election
• Tinubu's authorities besides approved approved a $500 cardinal money to enactment AfDB's improvement projects crossed Africa

Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering governmental parties and movements.

President Bola Ahmed Tinubu has congratulated President Mohamed Ould Cheikh El Ghazouani of Mauritania connected the predetermination of Dr Sidi Ould Tah arsenic the ninth President of the African Development Bank (AfDB) Group.

Tinubu salutes Mauritanian president aft Tah’s predetermination arsenic AfDB president. Photo credit: @aonanuga1956
Source: Twitter

Tah was the erstwhile Mauritanian Finance Minister and Director General of the Arab Bank for Economic Development successful Africa (BADEA).

In a telephone speech with the Mauritanian person connected Thursday, May 29, Tinubu commended the transparent process that led to the emergence of the erstwhile Mauritanian Finance Minister.

Tinubu salutes Tah connected predetermination arsenic AFDB president

The president spoke aft Tah's predetermination astatine the AfDB's Annual Meetings successful Abidjan, Côte d'Ivoire, connected Thursday.

President Tinubu believed that Dr Tah would bring a wealthiness of acquisition to the role, fixed his way grounds successful erstwhile positions.

President Tinubu reaffirmed Nigeria's beardown concern with the AfDB, emphasising its presumption arsenic the institution's largest shareholder among its subordinate countries, comprising 54 African nations and 27 non-African states.

Dr. Akinwumi A. Adesina, president of African Development Bank Group, volition bow retired of bureau by September 2025. Photo credit: Steven Ferdman/Getty Images
Source: Getty Images

Tinubu's connection was contained successful a statement signed by Bayo Onanuga, Special Adviser to the President connected Information & Strategy, Thursday, May 29, 2025.

Tah volition win Dr Akinwumi Adesina of Nigeria, who volition measurement down successful September 2025 aft completing 2 five-year terms.

"The President restated his committedness to moving intimately with the incoming AfDB president to beforehand shared priorities, including infrastructure development, cultivation transformation, vigor access, and clime resilience," the connection noted.

President Tinubu pledged Nigeria's afloat enactment for Mr. Tah successful implementing his imaginativeness for the institution, including strengthening determination fiscal institutions, promoting Africa's economical independence, leveraging colonisation maturation for development, and gathering climate-resilient infrastructure.

President Tinubu thanked the outgoing President, Dr Adesina, and wished him occurrence successful his aboriginal endeavours.

FG commits $500m to AfDB fund

Meanwhile, Nigeria precocious approved a $500 cardinal superior replenishment for the Nigeria Trust Fund (NTF) successful May 2025, extending the fund's operations by different 15 years.

Established successful 1976, the NTF is simply a peculiar AfDB money afloat financed by Nigeria to enactment improvement projects crossed Africa.

"This renewed committedness underscores Nigeria's continued dedication to the Bank's ngo of driving inclusive maturation and poorness simplification connected the continent," the connection added.

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• Akinwumi Adesina arsenic AfDB president
• AfDB predicts caller naira speech rates successful 2025 arsenic dollar rises successful authoritative market

Who is Sidi Ould Tah, AfDB president-elect

Earlier, Legit.ng reported that Akinwumi Adesina volition measurement down arsenic president of AfDB aft 10 years, leaving a bequest focused connected lighting up, feeding, industrialising, integrating Africa, and improving prime of life.

He volition beryllium succeeded by Sidi Ould Tah of Mauritania, who brings implicit 35 years of acquisition successful African and planetary concern and volition commencement his five-year word connected 1 September 2025.

The AfDB Group consists of the Nigeria Trust Fund, the African Development Bank, and the African Development Fund, with 54 African and determination members and 27 non-African members.

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Source: Legit.ng