Jaiyeorie — What’s happening, and why it matters.: I don’t believe in youth empowerment

UN Supports AfDB’s $10 Billion Power Initiative
#AfDB, #AkinwumiAdesina, #UN

The United Nations has thrown its weight behind the quest of the African Development Bank to provide electricity to 250 million people in Africa through its ‘ Desert to Power’ electricity initiative.

A statement made available to our correspondent in Abuja on Wednesday revealed that the United Nations Secretary General, António Guterres, threw his weight behind the project at a meeting with the AfDB President, Akinwumi Adesina, in New York.

Development impact on the continent and security in the Sahel were among the top issues discussed by both multilateral leaders as they agreed to strengthen ties and push development agenda in Africa.

According to the statement, both leaders also agreed that current efforts must succeed in Africa, or risk failing globally, and they emphasised the need for deeper collaboration between their institutions to achieve the Sustainable Development Goals.

Guterres signalled his strong support for the AfDB’s flagship ‘Desert to Power’ initiative.

The $10bn initiative to build a 10 GW solar zone across the Sahel aims to develop and provide 10 GW of solar energy by 2025 and supply 250 million people with green electricity including in some of the world’s poorest countries.

Adesina was quoted to have said, “Secretary General Guterres and I had a highly productive engagement and committed to enhancing strategic and operational partnerships between the UN and the AfDB. “I am encouraged by the Secretary General’s generous support for the bank’s development initiatives, which we are certain will bear fruit across the continent.” Adesina also briefed the Secretary General about ongoing discussions on the bank’s General Capital Increase designed to address Africa’s growing lending demands.

The Secretary General committed to advocating “the mobilisation of adequate resources in order to further the bank’s development goals.”

President of the African Development Bank (AfDB), Akinwumi Adesina speaking during an interview on the side-lines at World Bank/International Monetary Fund Annual Meetings in Washington DC, Adeshina prescribed youth investment as a solution instead of youth empowerment.

“I don’t believe in youth empowerment, at all, because when you say you have empowered somebody and then you train them but there is no financing, investments for them to grow their businesses, what is the good of that? So, we must move from youth empowerment to youth investment”.
He went on to add, “we must invest in the youth and unlock their potential. That’s why I have been saying that we need to have youth entrepreneurship and investments banks specially developed, and dedicated to young people; where a young person would enter, and they feel at home; they feel welcomed because it is fully dedicated to them”.

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I don’t believe in youth empowerment – Akinwumi Adesina

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