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AfDB mobilises $31bn investment interest

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The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors.

In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina said this at the 2022 Africa Investment Forum (AIF) Market Days.

The forum ended on Friday.

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Adesina commended the forum’s outcomes and the partners’ commitment.

“Despite the challenges, we are not afraid, and neither have we despaired nor lost hope.

“We are excited and committed to a collective goal; accelerating the closure of deals to transform Africa and its investment landscape.”

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He said the AIF’s focus was to attract more foreign direct investment to Africa, and ensure the private sector remained the driving force of that transformation.

“The private sector is Africa’s growth accelerator. We must mitigate real and perceived risks and persuade the private sector that investing in Africa is safe,” Adesina said.

Combined with 32.8 billion dollars from the rescheduled 2021 Africa Investment Forum Market Days, the forum has mobilised a total of 63.8 billion dollars of investment interest in 2022.

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Islamic Development Bank (IsDB) President, Dr Mohammed Al-Jasser, said the organisation was hopeful that its commitment to the AIF would translate into tangible and measurable outcomes for the benefit of Africa.

Al-Jasser said the IsDB Group was commitment to support transformative African projects, especially those promoting resilience, financial, economic, and social sustainability.

Furthermore, Admassu Tadesse, Trade and Development Bank Group President and Chief Executive, spoke on the value of the “AIF spirit” in doing more to advance and close investments.

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Tadesse said: “Notwithstanding ongoing global crises, we have to keep our eye on the ball. We must continue to encourage and enable investment in agriculture and industry, as well as infrastructure.

“Growing our own food and manufacturing more will enable us to trade more. It will lead to less overall greenhouse gas emissions linked to imports from far away.

“In the process also generating more employment and opportunities for our people.”

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Also, European Investment Bank President, Werner Hoyer, said the bank was excited to see how the creativity and vision of African innovators were making an impact.

Hoyer said: “Particularly in the area of technology which holds such great potential for Africa’s future”.

Mohan Vivekanandan, Group Executive Origination and Coverage, Development Bank of Southern Africa, said a unique feature of the 2022 forum was that it focused on transactions.

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“It’s about the project sponsors, the project developers and how we, as development financiers, help them get their vision implemented to improve the quality of life of Africans.

“And how we promote economic growth, job creation and industrialisation,” Vivekanandan said.

Africa Finance Corporation President and Chief Executive Offcer (CEO), Samaila Zubairu said: “The current global economic challenges indicate the critical need to build Africa’s self-sufficiency by investing in resilient infrastructure.

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“Such critical investment is needed to drive Africa’s industrialisation and economic prosperity.”

Moreover, Africa50 CEO Alain Ebobisse said the AIF presented a timely platform to help scale up and speed up investments into Africa.

Ebobisse said attracting new pools of capital into infrastructure would be critical.

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“More specifically, Africa’s institutional investors such as pension and sovereign wealth funds must play a critical role and will be the game changers for Africa’s infrastructure development,’ he said.

In addition, Afreximbank President, Benedict Oramah said the AIF reflected the interest and optimism of global investors towards the continent and its opportunities.

“We close, knowing that the AIF, Africa’s largest transactional investment marketplace, continues to be a huge success.

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“Moreover, the event serves as a measure of international confidence in Africa’s economic and political development, and the unmatched investment opportunities this is creating,” Oramah said.

Also, the AIF Senior Director, Chinelo Anohu, on her part said, a lot of the successes recorded by the Africa Investment Forum were domiciled in the spirit of the partnership.

Anohu said it was up to the AIF to ensure the continent was “what it ought to be.”

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The three-day event, which held in Abidjan, Côte d’Ivoire, attracted the participation of several African heads of states and government.

The event had as theme: “Building Economic Resilience through Sustainable Investments”.

The News Agency of Nigeria (NAN), reports that the AIF platform has mobilised more than over 100 billion dollars in investment interests since its inception in 2018.

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Plateau Governor Sets Up Committee to Probe Two Decades of Attacks

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Plateau State Governor, Caleb Mutfwang, has inaugurated a 10-member fact-finding committee tasked with uncovering the root causes of the persistent attacks plaguing communities across the state.

Speaking during the inauguration ceremony on Tuesday in Jos, Governor Mutfwang charged the committee with conducting a comprehensive review of violent incidents from 2001 to date. “We thought that we should set up this high-powered fact-finding committee to look at the incessant attacks on our communities,” the governor stated.

According to Mutfwang, the committee is expected to perform an in-depth assessment of the recurring security breaches, determine the number of affected communities, and assess the extent of damage done over the years. “We want to understand the root causes and propose actionable recommendations for lasting peace, justice, and stability in the affected communities,” he said.

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The committee’s mandate also includes establishing the number of casualties, identifying possible perpetrators and their motives, and uncovering potential routes used by bandits to access Plateau State. “Identify possible routes of bandits into the state and recommend measures to limit their access,” the governor added.

Chairman of the committee, retired Maj.-Gen. Rojas Nicholas, thanked the governor for the confidence reposed in the members. He pledged that the committee would approach its assignment with fairness and commitment. “We will do our best to produce a report that would befit its assignment,” Nicholas assured.

The committee is expected to submit its findings and recommendations in due course, with hopes that the report will provide a pathway to durable peace and security in the state.

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British-Nigerian Makes History as London Mayor — A Source of National Pride, Says NGIJ President

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President of the Nigerian Guild of Investigative Journalists (NGIJ), Mr. Abdulrahman Aliagan, has praised British-Nigerian Bright Opeyemi for becoming the youngest serving Mayor in the London Borough of Barking and Dagenham.

In an interview with the News Agency of Nigeria (NAN) on Monday in Abuja, Aliagan described Opeyemi’s rise as a landmark achievement in British political history and a proud milestone for Nigeria.

“The 29-year-old British-born daughter of Nigerian immigrants was officially inaugurated on May 16 as Mayor,” Aliagan noted.

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“She now holds the title of First Citizen of the London Borough of Barking and Dagenham; a borough known for its diversity, resilience, and vibrant youth population.

“Opeyemi’s ascension is not just a personal victory, but a shining example of the excellence of the Nigerian diaspora and a source of national pride.

“She grew up in a family devoted to community building and social impact,” he added.

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Aliagan highlighted that Opeyemi was elected as a councillor at just 22 and has spent the past seven years advocating for youth empowerment, social inclusion, and economic opportunity in her borough.

“Her rise to the mayoralty is the result of years of tireless service and stands as a testament to her character, competence, and credibility,” he emphasized.

He further stated that Opeyemi’s leadership represents a shared story—one rooted in resilience, achievement, and progress in multicultural societies.

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“Her victory is especially symbolic as it challenges stereotypes around youth disengagement from politics.

“She epitomises a new wave of dynamic, inclusive, and globally minded leadership,” Aliagan said.

According to him, Opeyemi’s journey reaffirms the positive impact of Nigerian values such as education, resilience, and service when integrated into international systems.

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“She proudly carries her Nigerian heritage with dignity. Her success is proof that culture and identity are assets, not obstacles, in public leadership,” he said.

Aliagan also noted that her story offers a refreshing counter-narrative to the often negative portrayal of Nigeria in global media.

“Her election should serve as a wake-up call. It reflects the untapped potential of our youth and diaspora community,” he added.

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He called on Nigerian institutions and the government to draw inspiration from Opeyemi’s accomplishment by investing in youth leadership and incorporating diaspora voices into national policymaking.

“For young Nigerians, especially women, Opeyemi is living proof that neither age, gender, nor immigrant roots are barriers to greatness,” Aliagan concluded.

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NUJ Condemns Armed Attack on Rhythm 94.7FM, Calls It an Assault on Press Freedom

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The Nigeria Union of Journalists (NUJ), Bayelsa State Council, has strongly condemned the recent armed attack on Rhythm 94.7FM, a privately owned radio station based in Yenagoa, describing the incident as a grave threat to press freedom.

In a statement issued to newsmen on Monday in Yenagoa, the NUJ Bayelsa Chairman, Comrade Tonye Yemoleigha, and Council Secretary, Comrade Stanley Imgbi, decried the assault, calling it “a rape on the entire media family in Bayelsa and on press freedom.”

According to the statement, the radio station was attacked on two separate occasions—Saturday, May 17, at about 2:10 p.m., and Sunday, May 18, at 4:40 p.m.—by unidentified gunmen who carted away valuables during the operations.

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“Some of the valuables collected include mobile phones, recorders and operational gadgets belonging to staff on duty,” Yemoleigha disclosed.

The NUJ Chairman called on security agencies, particularly the Bayelsa State Commissioner of Police, to ensure that the perpetrators of the crime are identified and brought to justice.

He also urged the police to station a patrol van near the premises of the media house, given its isolated location, similar to measures taken in other strategic points across Yenagoa.

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Yemoleigha, however, expressed relief that no lives were lost during the attacks.

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