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Adesina Steps Down As AfDB President Sept 1, Hails Nigeria’s Support

President of the African Development Bank (AfDB) Dr. Akinwumi Adesina, has announced that his tenure will conclude on September 1, 2025, marking the end of a decade defined by sweeping reforms and historic growth at the helm of Africa’s leading financial institution.
Speaking at the groundbreaking ceremony of the Oyo State Special Agro-Industrial Processing Zone in Atan-Ijaye, Akinyele Local Government Area, at the weekend, Dr. Adesina revealed that the visit would be his final official trip to Nigeria as AfDB President.
“This is actually my last time that I will be in Nigeria as President of the African Development Bank. My term comes to an end exactly at 8:00 a.m. on September 1, 2025,” he stated.
Reflecting on his journey, Adesina said it has been “an honour to serve Africa and to use that as an instrument to serve my country, Nigeria.”
He expressed gratitude to President Bola Tinubu, Vice President Kashim Shettima, and other Nigerian stakeholders for their unwavering support during his tenure.
“In 2015, when I took over as president of the bank, its capital stood at $93 billion. Today, it is $318 billion,” he said.
“We did everything right—good governance, transparency, and accountability. The bank is now ranked the best multilateral financial institution in the world and also the most transparent, scoring 78% on the transparency index,” he said.
Adesina acknowledged the crucial role Nigeria played in the bank’s success and thanked members of the National Assembly, state governors, the private sector, and the Nigerian people for their consistent backing.
Earlier in his remarks, Adesina commended Governor Seyi Makinde of Oyo State for revitalising the Fashola Farm Settlement, which has now attracted investments of over ?11 billion.”
“Governor Makinde is an exemplary leader. He has revived Fashola and turned it into a magnet for agribusiness,” he said.
Reiterating his long-standing belief in agriculture as the “backbone of transformation and national security,” Adesina underscored the strategic role of Special Agro-Industrial Processing Zones in linking producers to processors and markets.
“The goal of SAPZ is to reduce post-harvest losses, strengthen value chains, and create jobs,” he said, noting that 28 SAPZ sites are already operational across 11 African countries.
“AfDB has invested $30 million, with an additional $38 million mobilised from development partners,” he said.
He emphasised the necessity of value addition in agricultural commodities.
“If you want to remain poor, export raw materials. But if you want to be rich, add value. That’s the key to transforming economies,” he said.
The AfDB President expressed satisfaction that the SAPZ concept, which he initiated during his tenure as Nigeria’s Minister of Agriculture 15 years ago, is now being realised.
He disclosed that Phase II of the SAPZ programme will begin in September and praised the Minister of Agriculture, Abubakar Kyari, for continuing the vision despite political pressures.
“Some people told him to abandon it because it was ‘Adesina’s project,’ but he rightly said, ‘This is Nigeria’s project’, and the SAPZ in Atan-Ijaye will uplift the community and beyond,” Adesina said.
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Presidency Defends ?712bn Lagos Airport Renovation

The Presidency has defended the Federal Government’s decision to spend ?712.3 billion on the remodeling and complete overhaul of Murtala Muhammed International Airport (MMIA), Lagos, describing the cost as modest when compared against global standards.
Temitope Ajayi, senior special assistant on Media and Publicity to President Bola Tinubu, made the comparison in a post on his X handle, pointing to the $19 billion renovation currently underway at John F. Kennedy (JFK) International Airport in New York.
“Anyone who has traveled through JFK Airport in New York in the last three years will see the extensive renovation work going on at the United States’ premier international airport,” Ajayi wrote. “JFK is being renovated at the cost of $19 billion.
“At the last Federal Executive Council meeting, the Federal Government approved the remodeling and complete makeover of MMIA at the cost of ?712.3 billion. In dollar terms, it is around $500 million.
“This will be considered a modest cost by all standards and at the level and scale of work that will be executed.”
Ajayi’s statement comes amid public debate over the hefty price tag of the project, which was approved during last week’s Federal Executive Council (FEC) meeting presided over by President Tinubu.
The Lagos airport upgrade — part of the administration’s broader “Renewed Hope Infrastructure Agenda” — is expected to include a full modernisation of the aging terminal, improved passenger experience, and upgraded safety and security infrastructure.
News
NUJ, NGE Flay Closure Of Niger Radio Station

The Nigeria Union of Journalists (NUJ) and the Nigeria Guild of Editors (NGE) have condemned the Niger State Government for threatening to shut down Badeggi FM 90.1 and demolish the station’s premises.
The radio station, based in Minna, is privately owned and has been under pressure following reported moves by the administration of Governor Umaru Bago to shut it down.
In a statement signed by the NUJ National President, Alhassan Abdullahi, yesterday, the union described the alleged action as “a blatant act of intimidation and an assault on press freedom.”
“The threats issued against Badeggi FM 90.1 by the Niger State Government are deeply troubling and represent a dangerous overreach of executive power.
“Such actions undermine democracy and send a chilling message to independent media organisations,” he said.
The NUJ reminded the state government that the National Broadcasting Commission remains the only legally empowered authority to regulate, license, or sanction broadcast stations in Nigeria.
“No state government has the constitutional right to interfere with the operations or facilities of any media house.
“It is the responsibility of the NBC to investigate any allegations of wrongdoing by broadcast stations and to take appropriate actions through due process,” the NUJ president said.
According to the union, freedom of the press is enshrined in the Constitution and is essential to the survival of democratic governance.
“Independent journalism must never be stifled through threats, intimidation, or politically motivated directives.
“We are calling on Governor Bago to withdraw the threat of closure and demolition immediately and allow the proper legal channels to address any issues,” Abdullahi stressed.
The NUJ also urged civil society groups, professional associations, and the general public to resist any form of executive highhandedness that undermines press freedom.
“We will not stand by and watch as journalists and media institutions are harassed for doing their job,” Abdullahi concluded.
In the same vein, the Nigerian Guild of Editors has condemned the closure of Badeggi Radio in Niger State by the State Government, describing the action as a threat to press freedom and democracy.
In a statement issued on Saturday and jointly signed by its President, Eze Anaba, and General Secretary, Onuoha Ukeh, the editors described the governor’s action as censorship and intimidation that undermines the principles of a democratic society.
The editors described the action as reminiscent of the military era, saying, “This act of censorship and intimidation undermines the fundamental principles of a democratic society, where free press is essential for holding those in power accountable.”
Citing Section 39 of the 1999 Constitution (as amended) and Article 9 of the African Charter on Human and Peoples’ Rights, the editors stated that press freedom and freedom of expression are guaranteed under Nigerian and international law.
They noted that Badeggi Radio served as a vital platform for public discourse and information dissemination, and that its closure posed a threat to democracy.
According to the editors, the power to sanction radio and television stations rests with the Nigerian Broadcasting Commission after due investigation, not with a state governor.
“We are happy that the Minister of Information and National Orientation, Mallam Mohammed Idris, has pointed this out. This should go beyond observing the anomaly. The Federal Government should order the unsealing of the premises of the radio station, while investigation is carried out.
“Government officials should know that we are in a democracy and therefore, the act of arbitrary order for the sealing off and closure of a radio station is unacceptable. Arbitrary closure of media houses reminds us of the dark days of military rule, which ended 26 years ago,” the statement read partly.
While noting Bago’s allegation that the station incited violence, the NGE said such claims must be investigated and proven before any action could be taken.
The editors urged media to operate under strict adherence to the code of ethics of journalism, with responsible conduct at the back of the minds of the professionals.
They also urged authorities to uphold citizens’ rights to access information and express themselves freely, stressing that Badeggi Radio should be reopened pending the conclusion of investigations.
“The Guild reiterates that a free and independent press is essential for a functioning democracy and demands that governments at all levels respect and uphold this fundamental right,” the statement said.
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FG Partners FAO To Boost Food Security In Nigeria

The Federal Government has reiterated its commitment to boosting food security through strategic partnerships with development agencies, aimed at encouraging increased investment in food production across the country.
This was contained in a statement by the Director, Information and Publicity, Ministry of Water Resources and Sanitation, Funmi Imuetinyan, shared by the Nigerian Television Authority on its official X account, yesterday.
The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, disclosed this when the newly appointed Country Representative of the Food and Agriculture Organisation to Nigeria, Dr. Gudain Hussein, and his delegation paid him a courtesy visit in Abuja.
The statement noted that Utsev, during the visit, emphasised President Bola Tinubu’s strong commitment to enhancing food production in the country.
He recalled that those efforts inspired the “Declaration of a state of emergency on food security and the administration’s sustained drive to attract investment in various aspects of agriculture and the food value chain.”
“He assured the delegation of the Ministry’s readiness, through the Department of Irrigation and Drainage, to collaborate fully with FAO in advancing food production in Nigeria in line with the Renewed Hope Agenda and the mandate of the Federal Ministry of Water Resources and Sanitation.”
“The minister added that the FAO’s Hand-in-Hand Initiative and the proposed Investment Summit coming up in Abuja will serve as a veritable platform to unite investors and stakeholders to accelerate food security efforts nationwide”, the statement added.
The statement noted that Hussein, in his remarks, explained that the courtesy visit was to inform the Minister of the forthcoming FAO Hand-in-Hand Initiative.
The statement continued, “The Country Representative of the Food and Agriculture Organisation, Dr. Hussein, said the visit is to inform the Minister of the upcoming FAO Hand-in-Hand Initiative for the Sahel, themed ‘Investment in Irrigation and Water Resources’, scheduled for 16–18 September 2025 in Abuja.”
“He highlighted the crucial role the Ministry will play in the forum, noting that agriculture consumes nearly 90% of available water resources. He explained that the forum will provide opportunities for strategy development and collaboration in FAO’s intervention areas, including investments through grants, loans, and capacity building.”
“While underscoring the importance of Public-Private Partnerships in crops, livestock, forestry, biodiversity, climate change, and food sustainability, he proposed the formation of a technical committee with the Ministry to develop a policy framework for strategic collaboration.”
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