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Femi Adesina: African Development Bank Set To Create 9 Million Jobs by 2025! - Sustainable Conversations
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Femi Adesina: African Development Bank Set To Create 9 Million Jobs by 2025!

Dr. Akinwunmi Adesina, the President of the African Development Bank during his keynote speech at the 8th African Leadership Magazine Persons of the Year event , has said that the bank is ready to generate 9 Million direct and indirect jobs in the next five years.

The event which held at the Sandton Convention Centre, in Johannesburg South Africa had in attendance, His Excellency, David Mabuza, Deputy President, Republic of South Africa, Her Excellency, Nkosazana Dlamini-Zuma, Minister for Corporative Governance & Traditional Affairs, South Africa; Hon. Lindiwe Zulu, Minister of Social Development, South Africa; Her Excellency Bongi-Ngema Zuma, the former first lady of the Republic of South Africa, Adesola Kazeem Adeduntan, managing director, First Bank of Nigeria, business leaders, members of the diplomatic community among others.

Dr. Adesina who African of the Year Award for 2019, spoke on the theme: Africans for Africa-Exploring the Gains of A Connected Continent. In his delivery, he opined that, “with 12 million graduates entering the labour market each year and only 3 million of them finding a suitable occupation, youth unemployment has the potential to rise sharply.” He further highlighted that, “considering the pace of change driven by the 4th industrial revolution, we must invest in re-directing and re-skilling our labour force. We must and we will prepare young people for the jobs of the future — not the jobs of the past.”

“That’s why the African Development Bank, as part of our Jobs for Youth in Africa strategy, launched the establishment of Coding for Employment Program. It’s designed to foster young digital entrepreneurs. We hope to develop 130 centres of innovation over the next five years to help create 9 million direct and indirect jobs,” he continued.

The President also stated that, “we must also address issues of insecurity. Growth in West Africa has been dampened by the rising insecurity challenges, especially in the Sahel. Several countries in West Africa are spending a very high share of their budgets on security.”

Dr. Akinwumi “Akin” Adesina is the President of the African Development Bank. He previously served as Nigeria’s Minister of Agriculture and Rural Development. Until his appointment as Minister in 2010, he was Vice President of Policy and Partnerships for the Alliance for a Green Revolution in Africa (AGRA). In 2015, he was elected as the President of the African Development Bank. He was the first Nigerian to hold the post. He launched a strategy based on energy, agriculture, industrialization, regional integration and bettering Africans’ lives. The Board of Executive Directors approved the reorganization of the structure around these five priorities. The Bank under Dr. Adesina has recorded many firsts and marked tremendous milestones. 

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