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Africa GDP Falls By $165bn, Adesina Confirms
President of African Development Bank (AfDB), Dr. Akinwunmi Adesina, has lamented the dwindling economic fortunes of the African continent which he said had a decline in its Gross Domestic Product (GDP), by $165billion in 2020.
He noted with dismay that over 30million jobs were lost, while 26million persons fell into extreme poverty within the period.
Akinwunmi, who disclosed this in a speech, titled “Mobilizing Financing for Africa’s Accelerated Economic Recovery, Development and Integration,” which he delivered at the 35th Ordinary Session of the Assembly of the African Union in Addis Ababa, Ethiopia attended by President Muhammadu Buhari, however, lauded the efforts of African leaders in tackling the COVID-19 pandemic which affected many economies of the world.
He warned against outsourcing Africa’s security to foreigners as he stressed the need for Africa to protect African lives by building healthcare infrastructure and vaccine manufacturing.
The AfDB boss said: “It has been a global economic cyclone. Africa witnessed a decline in GDP growth of 2.1% in 2020, its lowest in 20 years. Africa’s GDP fell by $165billion. Over 30million jobs were lost and over 26million people fell into extreme poverty.
“I wish to commend the leadership efforts of the African Union, and our Heads of State and Government, for the critical roles you have played in dealing with the pandemic and the socio-economic challenges in its wake. Today, thanks to these efforts 11% of the population has been fully vaccinated, and another 16% has been partially vaccinated.
“However, while developed countries have moved to booster shots, Africa is still struggling with basic shots.
“We must learn from this experience. Africa can no longer outsource the security of the lives of its 1.4billion people to the benevolence of others. We must secure African lives!
“It is time to build Africa’s healthcare defense system. This must be based on three strategic priorities. First, building Africa’s quality healthcare infrastructure. Second, building Africa’s pharmaceutical industry and third, building Africa’s vaccine manufacturing capacity.
“Africa needs $600million to $1.3billion to meet its goal of attaining 60% vaccine production by 2040. Investing in health is investing in national security. The African Development Bank plans to invest $3billion to support pharmaceutical and vaccines manufacturing capacity for Africa.
“To address the socio-economic impacts of the pandemic and support economic recovery, Africa will need some $484billion over the next 3 years. To eliminate extreme poverty by 2030, the continent will need $414 – $784billion per year. Africa will need $7-$15billion a year to deal with climate change. The continent will also need between $68 – $108billion per year to fix the infrastructure financing gap.”
Akinwunmi noted that Africa must drastically mobilize a lot more resources, saying that with the help of the leaders, the AfDB’s general capital of the bank was increased in 2019 by 125%, rising from $93billion to $208billion, the highest since its establishment in 1964.
According to him, these resources have allowed the bank to scale up support to African economies to tackle the pandemic.
He added: “The Board of Directors of the Bank approved a Crisis Response Facility of up to $10billion. The Bank also launched a $3billion Fight COVID-19 Social Bond on the international capital markets, which was the largest ever US-dollar denominated social bond in world history. The Bank provided $ 27million as grants to the African Centres for Disease Control.
“Over the past six years, the African Development Bank has provided about $39billion in financing to the continent in support of its High5 priorities to: light up and power Africa; feed Africa; integrate Africa; industrialize Africa; and improve the quality of life of the people of Africa. These High5s are the accelerators for achieving Agenda 2063.”
Akinwunmi, assured that with its $25billion in equity, the African Development Fund can leverage up to $33billion of additional financing for low-income countries.
He noted to achieve this; the bank requires the support of the leaders to change the article in the charter of the African Development Fund that does not allow it to go to market to leverage resources. This is top priority.
The AfDB chief said the bank is also leveraging private investments into Africa, in innovative ways, saying: “the Africa Investment Forum, established by the African Development Bank and its partners, has helped to secure investment interests worth more than $78billion.
“This spectacular level of interest includes a $24billion transaction for the liquefied natural gas project in Mozambique. We are proud that that this project will make Mozambique the third-largest producer of liquefied natural gas in the world.
Akinwunmi urged the Heads of State to link security, investment, growth, and development closely together, adding: “To enhance the security of Africa, the African Development Bank is currently developing Security Indexed Investment Bonds. Proceeds from these bonds, when developed, will support countries and regional economic communities to do four things.
“First, to upgrade security architecture. Second, to repair damaged infrastructure in conflict-affected zones. Third, to rebuild social infrastructure. And fourth, to protect zones with strategic investments.
“We must build a better future for our youth. It is time to create youth-based wealth all across Africa. To boost financial support for the businesses of our youth, the African Development Bank Group is exploring with countries the establishment of Youth Entrepreneurship Investment Banks. They will be first rate financial institutions run by the youth for the youth.”
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NDLEA Intercepts Drugs Hidden In Winter Jackets, Cream At Lagos Airport
Operatives of the National Drug Law Enforcement Agency (NDLEA) have foiled attempts by drug trafficking syndicates to smuggle illicit substances concealed in carton walls, winter jackets, and body cream containers through Murtala Muhammed International Airport and a Lagos-based courier firm.
The agency said two consignments bound for Italy were intercepted at the Lagos airport, leading to the arrest of suspects linked to the shipments.
In a statement released yesterday, the agency’s spokesman, Femi Babafemi, said one of the suspects, 37-year-old Friday Ehianuka, was intercepted on Friday, March 20, 2026, while attempting to board an Ethiopian Airlines flight to Rome, Italy.
The statement partly read, “Two of the consignments heading to Italy were to be moved through the Lagos airport where two suspects linked to the shipments were promptly arrested.
“One of them, 37-year-old Friday Ehianuka, was going to Rome, Italy on Friday, March 20, 2026, when he was intercepted while attempting to board an Ethiopian Airlines flight with 2,698 pills of tramadol 225mg concealed in containers of skin-lightening body cream, all packed in the suspect’s luggage.
“In his statement, Ehianuka, who is a resident of Milan, confirmed that he was to be paid a negotiated fee in Euros if he had succeeded in trafficking the consignment to Italy.”
In another operation on Wednesday, March 18, Babafemi said NDLEA officers at the departure hall intercepted another passenger, Christian Agbonhese, attempting to board a Lufthansa flight to Milan.
A search of his luggage uncovered 23,150 pills of tramadol 225mg, 4,000 tablets of tapentadol 250mg, and 1,320 pills of tramadol 100mg concealed in two large winter jackets.
“No fewer than 23,150 pills of tramadol 225mg; 4,000 tablets of tapentadol 250mg; and 1,320 pills of tramadol 100mg, all concealed in two large winter jackets, bringing the total number of opioids recovered from him to 28,470 pills. The 38-year-old Agbonhese is also a resident of Milan,” the statement added.
In a separate operation at a courier firm in Lagos, Babafemi said NDLEA officers on Monday, March 16, intercepted two parcels of Loud, a strong strain of cannabis weighing 1kg, hidden in a carton shipped from the United States.
“Also thwarted was an attempt to export 158 grams of methamphetamine concealed in the walls of a carton to New Zealand,” he said.
In Kano State, operatives arrested Abdulkadir Mamuda, 35, with 102.5kg of skunk at Dan-Tsalle, while another suspect, Uche Johnson Festus, 47, was nabbed at Naibawa Gabas with 95.5kg of the same substance.
Babafemi said the agency also recovered 21,737 bottles of codeine-based syrup during a raid at Otto, Ijora area of Lagos on Wednesday, March 18, adding that two suspects, Chidiebere Anigbogu and Paul Nwagbara, were arrested the same day on the Third Mainland Bridge while conveying 8,380 bottles of the syrup.
In Edo State, operatives recovered 97.5kg of skunk from the residence of Akeem Idde, 37, in Ojah, Akoko-Edo Local Government Area on March 16.
In the FCT, officers intercepted a commercial bus along the Gwagwalada Expressway on March 18, recovering 91,840 pills of tramadol hidden in body compartments of the vehicle. The driver, Aminu Ali, 27, was arrested.
In Oyo State, a suspect, Bankole Bari, was on Tuesday, March 17, arrested at Oke-Oyan, Ibarapa LGA, with 71.2kg of skunk, which he smuggled into Nigeria from Benin Republic through the Oyan River.
In a similar development, “Not less than 586,000 pills of tramadol and Exol-5 were recovered by NDLEA operatives from Lawal Anas, 28, along Kaduna-Zaria Highway, Kaduna, on Tuesday, March 17, while 7,290 tablets of tramadol 225mg were seized from Musa Shuaibu, 22, at the same location on Friday, March 20,” Babafemi said.
In Taraba State, officers intercepted Aliyu Adamu, 26, along the Takum-Jalingo Highway with 77,660 capsules of tramadol, while in Adamawa State, six suspects were arrested in connection with the seizure of 82.8kg of tramadol in a truck in Yola.
The suspects include Ramatu Aliyu, Jungudo Abdullahi, Najid Abdullahi, Musa Mohammed, Usman Abdulrahim, and Musa Mohammed.
The agency said its commands across the country also intensified War Against Drug Abuse sensitisation campaigns in schools, worship centres, and communities during the week.
Chairman and Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (retd.), commended officers of the MMIA, DOGI, Lagos, Kano, Kaduna, Edo, Oyo, FCT, Taraba, and Adamawa commands for the arrests and seizures, urging them to sustain the balanced approach to drug control efforts.
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RSG Applauds FRSC, NDLEA For Enhancing Security In Rivers …As NDLEA Pushes For Drug Tests In Schools, NYSC Camps
The Rivers State Government has commended the dedication and collaboration of federal government agencies in sustaining security in the State.
Speaking during a courtesy visit by the State Commander of the Nigerian Drug Law Enforcement Agency (NDLEA), CN Bature Dawa, in Port Harcourt, last week, the Secretary to the State Government, Dr. Dagogo Wokoma, said Governor Siminalayi Fubara appreciates the strong synergy between the agencies in promoting his administration’s vision of peace, prosperity and progress in the State.
Wokoma urged residents to remain law-abiding, noting that respect for the law is essential for good governance and sustainable development in all parts of the state.
He stated that the governor has remained committed to initiatives that promote peace and social order, stressing that the administration will continue to support programmes of federal agencies aimed at strengthening security and public safety.
“Our governor is committed to peace, progress and prosperity in Rivers State. I therefore encourage all residents, especially young people who are often targeted by those involved in drug abuse, to stay away from drugs, crime and reckless driving,” he said.
In his remarks, the State NDLEA boss, Dawa, disclosed that the agency has arrested 39 suspects in the state from December 2025 to date, including 16 new cases currently under investigation.
He explained that the NDLEA, through its Drug Demand Reduction and Drug Supply Control Units, has intensified efforts to curb the spread of illicit drugs and ensure offenders are brought to justice.
Dawa also called on parents and guardians to closely monitor their children, while urging hotel owners and managers to remain vigilant and prevent their facilities from being used for drug-related activities.
He further advocated the introduction of drug integrity tests in schools and within the National Youth Service Corps (NYSC) scheme as part of measures to discourage drug abuse among young people.
In a related development, Dr Wokoma received the Sector Commander of the Federal Road Safety Corps (FRSC), CC Inyang Umoh, during a courtesy visit, and urged residents to abide by road safety laws and drive in consideration of other road users.
In his remarks, the FRSC boss expressed appreciation to Governor Fubara for the continuous support to the Corps.
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Rivers Muslims Laud Fubara’s Dev Strides
Muslims in Rivers State have commended Governor Siminialayi Fubara for his dedication and commitment to the development of the state.
They also lauded the governor for promoting peaceful co-existence among various religious groups in the state.
Vice President General of the Nigerian Supreme Council for Islamic Affairs ,Alhaji Nasil Awhelegbe Uhor, gave the commendation last Friday during the Eid-el Fitri prayer to mark the end of Ramadan fasting period, at the Port Harcourt Central Mosque, Niger Street, Port Harcourt.
Speaking to newsmen shortly after the prayer, Alhaji Uhor said Governor Fubara has shown exemplary leadership in the affairs of the state.
Uhor who is the leader of the South South Muslim Ummah of Nigeria, called on Muslims to remain committed to the ideal of peace and fear of the Almighty Allah.
According to the Rivers State Islamic leader, the message is for Muslims to imbibe and allow the lessons of Ramadan to sink into their lives and shape their ways of doing things.
He urged Muslims to imbibe the culture of love and respect for one another.
“My message is that all Muslims should imbibe and allow the lessons of Ramadan to sink with them,” he advised.
Uhor stressed the need for Muslims and all Nigerians to remain patriotic, while avoiding all forms of anti-social behaviours.
He also called on the political leaders to put the country first, stressing that there is no need for Nigerians to continue to wallow in abject poverty when the country is so rich with natural resources.
Also speaking, the Chief Imam of Rivers State, Alhaji Ibrahim S Yalo, urged Muslims to fear God, and speak the truth always.
According to him, time has come for Nigerians to cultivate the habit of peaceful coexistence, speak the truth and be each others keeper.
“Nigerians own a duty to ensure peace, live together in fear of God and speak the truth always,” he said.
By: John Bibor
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