• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

      Nigeria, Rwanda Sign Landmark Tax Treaty to Boost Cross-Border Investment

  • National
    • For Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice

      Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi…

      IGP Kayode Egbetokun Police Boss

      Police Rescue Trafficked Ghanaian Youth in Abuja

      Bashir Adewale Adeniyi Customs Boss

      Bashir Adeniyi: A Roadmap to Global Customs Leadership By Tahir Ahmad

      Arewa Discussion Group

      Arewa Discussion Group Launched to Tackle Northern Challenges

    • Government
      • Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi…

        Dantata laid to rest at Medina Cemetery

        Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

        Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with…

        Malam Yusuf Abubakar Dingyadi

        Dingyadi, PDP Chair’s Vocal Spokesperson, Resigns

        Ambassador Yusuf Maitama Tuggar

        Ambassador Tuggar’s Doctrine of Calm in a World on Fire By…

  • Security
    • Police Officer

      FCT Police Urges Influencers to Spotlight Heroism, Not Just Negativity on…

      Nigerian Police Force

      Anambra Police Launch Manhunt After Gunmen Kill 10 in Ogboji Attack

      MATAWALLE, cds, AND pERM SEC OF dEFENCE MINISTRY

      “You Are Now Nigeria’s Frontline Guardians in War Against Terrorism –…

      IGP Kayode Egbetokun Police Boss

      Police Rescue Trafficked Ghanaian Youth in Abuja

      Police Officer

      FCT Police Nab Notorious Kidnappers Linked to Killings, Mass Abductions in…

  • Features
    • For Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice

      Bashir Adewale Adeniyi Customs Boss

      Bashir Adeniyi: A Roadmap to Global Customs Leadership By Tahir Ahmad

      IGP Kayode Egbetokun Police Boss

      IGP Egbetokun: Leading the Charge for a Safer Nigeria By Danjuma…

      NDLEA Logo

      Drug Culture in Nigerian Music: When Art Imitates Harm By Arafat…

      Ambassador Yusuf Maitama Tuggar

      Ambassador Tuggar’s Doctrine of Calm in a World on Fire By…

  • State
    • For Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice

      Dantata laid to rest at Medina Cemetery

      Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

      IGP Kayode Egbetokun Police Boss

      Police Rescue Trafficked Ghanaian Youth in Abuja

      Police Officer

      FCT Police Nab Notorious Kidnappers Linked to Killings, Mass Abductions in…

      Chief of Defence Staff (CDS), Gen. Christopher Musa

      Okuama 17: Court Orders Military Chief to Produce Detained Monarch in…

  • Event
    • NELFUND

      NELFUND Warns Students Against Fake Loan Application Portal

      EFCC Witness: Yahaya Bello Had No Property Dealings With EFAB

      Hon. Rukayat Motunrayo Shittu (RMS), with PRNigeria Ladies in PR I'm Abuja

      Rukayat Shittu Set to Publish Inspirational Book “Cracking the Glass Ceiling”,…

      Chief Cornelius Olatunji Adebayo

      Former Kwara Governor, Chief Adebayo, Dies at 84

      Managing Editor of Image Merchants, Mr Abdulrahman Abdulraheem, PR Expert, Celestine Achi and the Editor-in-chief, Yushau Shuaib presenting the book to PRNigeria center

      PRNigeria Commends New Book on Artificial Intelligence in Public Relations

    • PR Nigeria Award
  • E-Paper
Home Economy Africans Should Be Bold To Rethink Economic Ideas, Says Vp Osinbajo
  • Economy

Africans Should Be Bold To Rethink Economic Ideas, Says Vp Osinbajo

By
Laolu Akande
-
September 2, 2015

YOSINBAJO+1Time has come for Africans to re-think some of the time-worn economic ideas and myths that have held its people and policy makers bound to only a few options, according to Vice President Yemi Osinbajo, SAN.

 Speaking earlier today in Abidjan at the investiture of the new African Development Bank President, Dr. Akinwunmi Adesina, Prof Osinbajo called on Africans to develop “uncommon creativity, innovation and change” in charting the pathway for future growth and development of countries in the continent.

 Justifying the call for this paradigm shift, the Vice President stated that western economies particularly the United States of America toed this path to emerge from its recent economic meltdown in 2008.

 According to him “in 2008 western economies faced with what Ben Bernanke (then Chairman of the US Reserve Bank) described as the “deepest financial crisis since the Great Depression” abandoned conventional free-market thinking and embraced State bankrolled stimulus plans to forestall the imminent collapse of their economies.”

 He noted to the hearing of several African and non African economists, policy makers, and development partners that the action the US took then “proved once and for all that the monster called the economy cannot be allowed to prowl the streets with its free-wheeling, free market struts without the leash of a trainer.”

 Prof. Osinbajo, who represented President Muhammadu Buhari at the event said African countries need a new strategy in the face of daunting challenges asking “do African economies not require a different paradigm?.”

Read Also:

  • FCT Police Urges Influencers to Spotlight Heroism, Not Just Negativity on Security
  • For Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice
  • Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi Arabia


 He quarried: “How can trickle down paradigms work when half our populations are extremely poor? Do we not need some attention to social investment?

 Then he declared that “Conditional Cash Transfers to the poorest segments, universal primary healthcare schemes, school feeding programs, can energise local economies and create important multipliers in the economy.”

 The Vice President however expressed optimism that the African Development Bank given its recent achievements under the immediate past President, Donald Kaberuka, can greatly assist Africa address some of its socio-economic problems.

 He stated further that under the new leadership of Dr. Adesina, “the AfDB needs to redouble its efforts in addressing the needs of these fragile areas, through institutional support, emergency assistance, and bold pro-poor interventions in health, education and agriculture.

Prof. Osinbajo therefore urged the new AfDB President “ to focus on how economic policy can produce economic empowerment for women, and all categories of our people who have become disempowered and whose voices are seldom reflected in the rhetoric of policy.”

 At the eventthe, new AfDB President, unfolded a 5-point agenda which he said would be given utmost priority in the next five years of his tenure. In his inaugural statement delivered after he had taken the oath of office, Dr. Adesina listed the priority areas as i) Light Up and Power Africa; ii) Feed Africa; iii) Integrate Africa; iv) Indusrialize Africa; and v) Improve quality of life for the people of Africa.

 Dr. Adesina who spoke passionately about his commitment towards confronting the numerous challenges facing the continent said “unlocking the potentials of Africa for Africans will be our goal at AfDB.”

 Present at the impressive ceremony were the President of Cote D’Ivoire, Allasane Quattara and his Prime Minister, Daniel Kaplan Duncan.

 Other dignataries from Nigeria also attended the investiture such as the Governor of Kano State, Dr. Umar Ganduje; the Governor of Taraba State, Darius Ishaku; the Governor of Sokoto State, Aminu Waziri Tambuwal; former Governor of Ekiti State, Dr Kayode Fayemi; Governor of Central Bank, Godwin Emefiele; former Minister of Finance, Mrs Ngozi Okonjo-Iweala, and Nigeria’s Ambassador to Cote D’Ivoire, Mrs Ifeoma J. Akabogu Chinwuba. Many captains of industry in Nigeria and around the continent also graced the event alongside some members of the National Assembly.

 Dr Akinwunmi Adesina, Nigeria’s immediate past Minister of Agriculture, becomes the 8th President of the AfDB and the first Nigerian to occupy the office since the creation of the Bank in 1963. He took over from Donald Kaberuka who served for 10 years from 2005 to 2015.

 Laolu Akande
 Senior Special Assistant to the Vice President
 (Media & Publicity)

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
Previous articleNAF Releases Posting and Appointments of Officers
Next articleCommittee On Development Of Blueprint On Affordable Housing Submits Report- Calls For Govt. Intervention
Laolu Akande
Laolu Akande
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

Comptroller General Nigerian Customs Bashir Adewale

Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO Chair

WTO Lauds Nigeria Customs for Embracing Global Trade Standards

Nigeria, Rwanda Sign Landmark Tax Treaty to Boost Cross-Border Investment

Bashir Adewale Adeniyi MFR

Nigeria Customs, India Forge Deeper Bond on Trade Oversight

Managing Editor of Image Merchants, Mr Abdulrahman Abdulraheem, PR Expert, Celestine Achi and the Editor-in-chief, Yushau Shuaib presenting the book to PRNigeria center

PRNigeria Commends New Book on Artificial Intelligence in Public Relations

Nigeria Customs, ICPC Strengthen Anti-Corruption Collaboration

FG, States, LGAs Share N1.659trn Revenue in May 2025 – FAAC

DG NIPSS Ayo Omotola and Yushau A. Shuaib of PRNigeria

PRNigeria Founder Demands ₦1bn, Reinstatement in Legal Notice to NIPSS Over “Unjust Withdrawal”

PRNigeria Fellows and CEO IMPR Yushau A Shuaib

PRNigeria Fellows Express Solidarity with Publisher Over NIPSS Ordeal

Centre Commends CBN, Cardoso for Tackling Inflation, Boosting Reserves

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • FCT Police Urges Influencers to Spotlight Heroism, Not Just Negativity on Security
  • For Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice
  • Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi Arabia
  • Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery
  • Anambra Police Launch Manhunt After Gunmen Kill 10 in Ogboji Attack
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
FCT Police Urges Influencers to Spotlight Heroism, Not Just Negativity on SecurityFor Aminu Dantata to Sleep Well… By Abdullahi O Haruna HaruspiceNigerian Dignitaries, Business Leaders Attend Aminu Dantata's Burial in Madinah Saudi ArabiaLegendary Business Mogul Aminu Dantata Laid to Rest in Madinah CemeteryAnambra Police Launch Manhunt After Gunmen Kill 10 in Ogboji AttackProtesters Occupy Public Offices, Call for NMDPRA Boss Probe"You Are Now Nigeria’s Frontline Guardians in War Against Terrorism – Matawalle Tells Special Forces GraduatesPolice Rescue Trafficked Ghanaian Youth in AbujaFCT Police Nab Notorious Kidnappers Linked to Killings, Mass Abductions in Abuja, KadunaOkuama 17: Court Orders Military Chief to Produce Detained Monarch in DeltaUnexploded Military Ordnance Recovered in Damaturu by PoliceSeparate IED Explosions Kill Teenager, Injure 2, Destroy Bridge in BornoTroops Eliminate 8 Boko Haram/ISWAP Terrorists in BornoYouths Applaud Tsenyil’s Confirmation, Back Tinubu’s Regional Development Troops Eliminate 10 Terrorists in Fierce Battle Near Cameroon Border
X whatsapp