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Buhari proposes Adesina for re-election as AfDB President.

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President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB), the News Agency of Nigeria (NAN) reports.

Akinwunmi, while speaking at an event in Lagos on Sunday, appreciated Buhari for nominating him for re-election for a second term as president of the bank.

According to Adesina, Nigeria has invested so much in me.

“When asked by former President Goodluck Jonathan to serve as Minister of Agriculture, it was duty calling me to the land of my birth.

“I served Nigeria to the very best of my ability. I thank God that Nigeria’s agriculture sector witnessed a much-needed transformation at the time.

`With the strong support of President Jonathan and the then President elect, Buhari, we campaigned very hard for the position of the President of the African Development Bank.

“It was a Nigeria effort, as all hands were on deck.

“This included our former presidents and heads of state, Gen. Abdulsalami Abubakar, Gen. Yakubu Gowon, Olusegun Obasanjo, former Vice Presidents Atiku Abubakar and Namadi Sambo, and of course my dear indefatigable sister, Dr. Ngozi Okonjo-Iweala, who ran a spirited campaign for me.

“By God’s grace, I was elected President of the African Development Bank on May 28, 2015, exactly 24 hours after my term of office as Minister ended.

“The nation jubilated as I became the first-ever Nigerian to be elected President of the bank since its establishment in 1964.

“Once again, Nigeria gave me air in my lungs.

“At the African Development Bank, we have worked very hard.

“In my four years as President, we have connected 16 million people to electricity, provided 70 million people with improved agricultural technologies to achieve food security.

“We have also given nine million people access to finance from private sector companies, provided 55 million people with access to improved transport, and 31 million people with access to water and sanitation.

“In all, 181 million people have directly benefitted from our investments.

“I am proud of all my staff and the Board of Directors whose hard work and relentless support have helped make this happen.

“The African Development Bank has continued to maintain its global AAA rating. Last year, the bank was rated the 4th most transparent institution globally.

“There is still much to do. We have gone some way climbing the steep mountainside of Africa’s development, yet there is still much way to go until we reach the mountaintop.

“Nigeria again is giving me air in my lungs, to keep on climbing.

“I wish to immensely thank and appreciate President Buhari for nominating me for e-election for a second term as President of the African Development Bank and for being such a wonderful champion and supporter of my re-election,’’ Adesina said.

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Buhari says if the government get infrastructure right, Nigerians will not care about governance.

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President Muhammadu Buhari on Friday said that if the Federal Government was able to put in place the right infrastructure in different sectors of the economy, Nigerians would not be so concerned about “who’s in government.”

Buhari, who said this via his verified Twitter handle, added that his government was doing its best to provide infrastructure within the available resources

He said that he believes that with the right infrastructure, Nigeria would prosper.

The president tweeted, “I firmly believe that if we get infrastructure right in Nigeria, our roads, rail, ports; Nigerians will mind their businesses, many people will not even care who is in government. A country like ours, full of entrepreneurial energy and potential, will prosper.

“This is why Infrastructure will continue to be one of our primary focus areas. We must & will rewrite the story, for this dear country of ours. I wish we had even more resources, and we are working on this, but we are doing our best within the resources currently available to us.”

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Russia eyes Africa business -Oil, diamonds, nuclear power.

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While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence.

Here are four sectors likely to be discussed at the Russia-Africa Summit set for next Wednesday and Thursday in the Black Sea resort of Sochi.—

– Oil and gas –
Russia is one of the world’s top hydrocarbon producers and exporters through energy giants like Gazprom, Rosneft and Lukoil.

But with 65 per cent of its territory covered with permafrost, exploration and extraction are costly, so Russia is eyeing up promising reserves in Africa.

Gazprom is working in Algeria, where it has discovered three gas fields, as well as in Libya, though its activities there have largely stalled since the war in 2011. The group is also interested in taking part in a project to build a gas pipeline linking Nigeria to Europe via Algeria.READ ALSO: Banditry: ‘How military, NSCDC officers were nabbed’

Lukoil recently discovered a number of oil and gas deposits in Ghana, Nigeria, Cameroon and Egypt.

For its part, Rosneft is investing in Egypt’s huge Zohr offshore gas field and is set to be involved in some 20 projects with Nigeria’s Oranto Petroleum energy group.

– Nuclear –
Africa is almost entirely lacking in atomic energy, with just one nuclear power station on the whole continent, in South Africa.

Russian-built nuclear power stations have a price advantage over Western competitors and its nuclear agency Rosatom offers, attractive financing deals to customer countries.

It has already signed preliminary agreements on nuclear projects with Egypt, Nigeria, Sudan, Kenya, Ghana, Zambia and Uganda.

So far only Egypt has signed an agreement to build a station, one with four reactors at Dabaa on the Mediterranean coast by 2028 or 2029.

The cost of $10 million (nine million euros) to $20 million per plant could be prohibitive, but Rosatom says countries including Rwanda are showing “great interest” in smaller-capacity, less expensive nuclear power stations.

– Diamonds –
Rich in mineral resources, Russia has significant expertise in extraction that could be deployed in other countries.

The world’s top diamond producer, Russia’s Alrosa, founded the Catoca mine in Angola in 2003. The Russians even built a hydroelectric power station to provide electricity for its operations. Since 2014 Alrosa has also been searching for new deposits in the country.

Alrosa this year announced it will also start mining activities in Zimbabwe.

Aluminium giant Rusal, formerly a target of US sanctions, is meanwhile mining bauxite in Guinea and has decided to reopen an aluminium refinery there closed since 2012.

Groups such as Norilsk Nickel, Severstal, Nordgold and Ferrum Mining are present in Madagascar, Guinea, South Africa and Burkina Faso.

– Education –
A massive slump in Russia’s birthrate after the breakup of the Soviet Union has decimated the number of young people looking to study or join the workforce.

As it looks to fill empty seats in universities, Africa could provide a steady stream of students.

Charles Robertson, the chief economist at Renaissance Capital, estimates that the number of Russian students has fallen by 40 per cent in the last decade.

“There are no young Russian people any more, so how do you fill up those universities? You bring in African students.”

This will also bring Russia “a very subtle long-term benefit” in business dealings with Africa, he said.

“People are more willing to do trade deals with a country that they know, that they’ve been to.”

Although the number of African students at Russian universities, at around 5,000, remains much lower than during the Soviet era, it has doubled in the last 10 years and is expected to grow.

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JAMB tells UTME candidates to report fraudulent workers.

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The Joint Admissions and Matriculation Board on Thursday asked the Unified Tertiary Matriculation Examination candidates to provide the details of any of its workers, who is involved in financial transactions with them.

The board said all fees should be paid by candidates into the board’s Treasury Single Account, while also insisting that candidates must register for the National Identification Number as a prerequisite to take the 2020 examination.

The board stated this on its Twitter handle on Thursday, adding that candidates should visit the nearest NIMC office to have their data captured.

JAMB said, “All payments on JAMB services are made directly to the board’s TSA. Please be informed that the board frowns on any form of financial dealings between candidates and workers.

“Therefore, candidates involved in any financial transaction with a staff of the board should notify the board immediately and also provide any useful information about such staff for necessary action.

“All candidates wishing to take the 2020 UTME must have the National Identification Number. Prospective candidates are urged to visit the nearest NIMC office for their capturing. The board would only register candidates with NIN.”

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