Akinwumi Adesina has been re-elected as President of the Africa Development Bank (AfDB) on Thursday, August 27. The Nigerian is set to spend another five years as the general overseer of the bank’s affairs.
Adesina’s re-election took place electronically at the virtual annual general meeting of the bank on Thursday, August 27. Even though Adesina’s re-election bid encountered some obstacles, he garnered a lot of support from many quarters including his country’s president, Muhammadu Buhari.
Adesina became the first Nigerian to head the bank in 2015 and has now extended his tenure as the leader of one of the world’s five biggest multilateral lenders and a major player in economic development.