Akinwumi Adesina has been re-elected as the President of the African Development Bank President on Thursday, 27th August, 2020 by its Board of Governors. With this win, Adesina will spend five more years managing and supervising the affairs of the bank.
Presidential spokeswoman, Lauretta Onochie confirmed the news in a congratulatory tweet on Thursday.

The AfDB is currently holding its 55th Annual Meetings in Côte d’Ivoire virtually, due to COVID-19 restrictions. The election took place during the meeting.

Citing his vision and achievements, Adesina made a case for his re-election on Wednesday before the AfDB’s Board of Governors. He said he wanted to fulfil “his sense of duty and commitment.”

“Five years ago, right here in Abidjan, you elected me president of the African Development Bank. It was a huge responsibility to shoulder. I promised that I would work tirelessly to accelerate Africa’s development. My vision, focused on the High 5 priorities, was my commitment, my promise, my compass,” Adesina said during a virtual session at the start of the Bank’s 2020 Annual Meetings.

“Time has passed so quickly,” he added, citing the Bank’s achievements in the five years of his presidency.

“Some 18 million additional people now have access to electricity, 141 million people have received more advanced agricultural technology to improve food security, 15 million people have access to financing, 101 million now have access to improved transport, and 60 million people have gained access to water and sanitation.

“Dear Governors, these Annual Meetings are my opportunity to offer you my services and seek a second term as President of the African Development Bank,” he said. “I do so with humility. I do so with an acute sense of duty and commitment. I do so to serve Africa and our Bank.”

Adesina is the first Nigerian to hold the post of the bank’s President.