Economy News Politics

Tinubu: Subsidy Removal to Tax Burdens – Billions Borrowed, Limited Relief for Ordinary Nigerians

By The Insight Team April 1, 2026 169

mostbet mostbet az mostbet mostbet az pin up pin up az mostbet pin up mostbet mostbet By Emmanuel Kwada More than two years after President Bola Ahmed Tinubu’s administration removed fuel subsidies, secured billions in fresh loans from multilateral lenders, and aggressively widened the tax net, the promised economic turnaround remains elusive for millions of ordinary Nigerians. Instead, a deepening cost-of-living crisis, persistent insecurity, and soaring Continue Reading

Economy

AfDB Forecasts Nigeria’s Inflation to Decline to 24.7% in 2025, 17.3% in 2026 Amid Economic Reforms

By The Insight Team May 28, 2025 1080

By Emmanuel Kwada The African Development Bank (AfDB) has projected Nigeria’s inflation to ease from 33.2% in 2024 to an average of 24.7% in 2025, with a further decline to 17.3% by 2026, according to its 2025 African Economic Outlook released during the AfDB’s Annual Meetings which is holding at the Sofitel Abidjan Hotel Ivoire […]Continue Reading

Economy

Nigerians Now Earning $824, Less Than in 1960, Says AfDB Boss Adesina

By The Insight Team May 2, 2025 498

By Emmanuel Kwada Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has sounded the alarm on Nigeria’s deepening economic woes, highlighting that the country’s GDP per capita has slumped to a mere $824—far below the $1,847 recorded at independence in 1960. This stark regression, he argues, underscores a troubling reality: Nigerians are poorer […]Continue Reading

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Adesina sets target as he begins new term

By The Insight Team September 1, 2020 661

Weeks after being cleared of abuse of office, the President of the African Development Bank, Akinwumi Adesina, has been re-elected into office for a second term. The election, which took place on August 27, 2020, would see Adesina begin a new five-year term on September 1, 2020. The election saw Adesina re-elected with 100% of […]Continue Reading

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How Panel exonerated AfDB President Adesina

By The Insight Team July 28, 2020 712

A panel of high-level independent experts reviewed the report of the Ethics Committee of the African Development Bank and the Response of President, Akinwumi Adesina. The Independent Review Panel exonerated the President of the African Development Bank in a report. Below are some of the findings of the report: On non –respect of internal rules […]Continue Reading

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AfDB impacts in Africa endorse Adesina’s second-term bid as president

By The Insight Team July 17, 2020 706

By Theophilus Abbah The impact of Dr Akinwumi Adesina’s presidency at the African Development Bank (AfDB) in the last five years could be felt and touched in many parts of Africa. They speak eloquently in favour of his re-election as president of the development bank, in spite of opposition from the United States. At an […]Continue Reading

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Former US AfDB Director declares support for Adesina

By The Insight Team June 8, 2020 684

A former U.S Executive Director to the African Development Bank, (AfDB), Dr. Mima Nedelcovych, has expressed support to the embattled President Akinwumi Adesina. Dr. Nedelcovych said that Dr Adesina has stepped up when most needed for an African institution to lead the way in the responses to the Covid-19 pandemic. On the issue of the […]Continue Reading

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Africans in Diaspora condemn Trump’s interference in AfDB’s leadership

By The Insight Team June 3, 2020 718

The African Diaspora Congress (ADC) has condemned, in strong terms, the meddling of the United States of America in the leadership of the African Development Bank under President Akinwumi Adesina. In a statement signed by the Secretary General of ADC, Prof Apollos O Nwauwa, and the Public Relations Officer, Dr Isabelle Kemajou-Brown, the association said […]Continue Reading

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AfDB President, Adesina addresses corruption allegations

By The Insight Team May 28, 2020 673

Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB), has come under pressure to address to the corruption allegations levelled against him. Below are his responses: Allegation No. 1 Not provided Allegation No. 2: Appointment of Mrs Chinelo ANOHU-AMAZU ADESINA: Ms Chinelo Anohu-AMAZU was recruited through a globally advertised, open and competitive Continue Reading