News

African Development Bank President calls for Global Vaccine Solidarity and Justice for Africa

African Development Bank (AfDB.org) President Dr. Akinwumi Adesina has called for vaccine justice for Africa. Speaking at the launch of the Bank’s African Economic Outlook 2021 report on Friday, Adesina decried the lack of Covid-19 vaccines reaching Africa.

“We need global solidarity and vaccine justice for Africa,” Africa’s premier development bank chief said.

Adesina underlined the stark disparities between vaccine acquisitions by several rich countries that have acquired sufficient vaccines to inoculate their populations twice over, and African countries, that remain primarily dependent on the World Health Organization’s COVAX initiative for the minuscule quantities of vaccines acquired so far.

Speaking on CNN’s First Move with Julia Chatterley on Friday, Adesina said: “So far, 14.6 million vaccines have been delivered in Africa, but many people still cannot get shots in their arms. That is only 1% of what we need. We are way off the mark in terms of getting to 60% of herd immunity, and sadly, I do not see that happening for another year or two at this rate— not unless things change.”

According to Adesina, “We therefore need to improve Africa’s access to vaccines. COVAX is doing a great job but still, we need more. We need them in adequate quantity. We need them quickly and we need them at an affordable price.”

So far, 14.6 million vaccines have been delivered in Africa, but many people still cannot get shots in their arms

Acquiring vaccines has significant implications for African countries. As Adesina emphasized in a broader discussion with panelists at the launch of the African Economic Outlook 2021—including Professor Joseph E. Stiglitz, recipient of the 2001 Nobel Memorial Prize for Economic Sciences—for Africa, rapid vaccine acquisition is a matter of life and death. As elsewhere, Africa’s first priority is to prolong lives and preserve jobs.

From an economic perspective, Stiglitz agreed with Adesina that the slow pace of acquiring vaccines and arresting the pandemic will make stemming extreme poverty and negative economic growth difficult. They agreed that a comprehensive global plan was needed to help countries cope with mounting debt, which the pandemic had compounded.

Africa’s economy is expected to grow by 3.1% in 2021. However, 39 million Africans could be pushed into extreme poverty this year because of the pandemic unless the international community takes the kind of action that Stiglitz and Adesina are calling for now.

The African Development Bank chief says: “as long as Africans remain unvaccinated, the world will go right back to square one.” He said no amount of ‘vaccine passports’ being advocated for by some developed countries could change that fact.  “Africa needs to develop its pharmaceutical industry and begin manufacturing. The African Development Bank is going to support African countries to do this,” Adesina said.

Supporting this position, Stiglitz said in his conversation with Adesina: “One of the things that some of us have been campaigning for is the suspension of the intellectual property rights related to Covid-19 because the supply constraint that you describe is at least, to some extent, artificial… If access to the intellectual property rights were more extensive, there is throughout the emerging markets and developing countries considerable capacity to produce a lot of more vaccines.”

He added that it was in the self-interest of advanced countries to make sure that everybody has access to the vaccine and other related medicines. “The longer the disease festers in any part of the world, it can mutate and one of the things we know is that those mutations are not going to respect borders. The Covid-19 virus doesn’t carry a passport.”

Other notable African voices that have called for speeding up vaccine delivery to Africa are those of South African President Cyril Ramaphosa, WHO Director General Tedros Adhanom Ghebreyesus, and Director of the Africa Centres for Disease Control and Prevention, Dr. John Nkengasong.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Leave a Comment

Your email address will not be published.

You may also like

Business

NDPC and NAICOM Forge Partnership to Advance Data Privacy in Nigeria

post-image

 

The Nigeria Data Protection Commission (NDPC) has taken a significant step toward bolstering data privacy in Nigeria by signing a Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM). This strategic collaboration underscores the commitment of both agencies to safeguarding data protection principles within the insurance sector and beyond.

The signing ceremony, held at the NAICOM headquarters in Abuja, was led by Dr. Vincent Olatunji, the National Commissioner and CEO of NDPC, and Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance and CEO of NAICOM. The MoU is designed to fortify the partnership between the two regulatory bodies, ensuring that data privacy becomes an integral part of the operations within the insurance sector.

Strengthening Collaboration

Dr. Olatunji lauded the signing of the MoU as a pivotal milestone in advancing the data protection landscape in Nigeria. Reflecting on the journey leading up to this partnership, he noted that the NDPC had already…

Read More
Business Culture Economy

Anambra Leads South East in VAT Contribution for August 2024

post-image

In a remarkable feat, Anambra State has emerged as the top contributor to the Value Added Tax (VAT) pool in the South East region for August 2024, with a contribution of ₦4.28 billion. This amount significantly surpasses the combined total VAT contributions of the other five states in the region, which amounted to ₦3.88 billion.

Breakdown of VAT Contributions in the South East:

  • Anambra: ₦4.28bn
    Anambra’s contribution stands as the highest in the region, reinforcing the state’s position as an economic powerhouse in the South East. The state’s growing industrial and commercial sectors continue to thrive, bolstered by government initiatives aimed at driving economic growth.
  • Ebonyi: ₦1.90bn
    Ebonyi State followed closely with a contribution of ₦1.90 billion, reflecting its steady economic activity and improvements in its industrial and agricultural sectors.
  • Enugu: ₦1.08bn
    Enugu State contributed ₦1.08 billion, showcasing the impact of its mining, agriculture, and commercial sectors on the state’s economic growth.
  • Abia:…
Read More
Business Culture Economy Leisure News Opinion

Roberta Edu Calls for a Shift in Women’s Role in Sustaining Patriarchy

post-image

 

Roberta Edu, the visionary CEO of Moppets Baby Food and an outspoken advocate for gender equity, is no stranger to speaking her mind. In a recent candid statement, Edu delivered a stirring critique of patriarchal systems, zeroing in on a seldom-discussed reality: the role some women play in perpetuating the cycle of oppression.

As a self-confessed feminist and a leader in Nigeria’s business landscape, Edu is well-versed in navigating both corporate and societal challenges. However, her latest comments tackle an issue that resonates far beyond boardrooms.

“I can understand patriarchal men,” she began, her tone measured yet firm. “I understand why a man would want to cling to that system. For many men, especially those who feel they’ve failed in life, patriarchy becomes a refuge. It’s their last bastion of power, the one place where they’re told they have value, even if it’s only in subjugating their wives. That, to them,…

Read More
Business Economy Environment Government International Technology Technology Trends Telecoms

Nigerian Delegation Visits MTN Group Headquarters to Strengthen Bilateral Relations

post-image

 

A high-ranking delegation from Nigeria’s Ministry of Foreign Affairs recently visited the MTN Group headquarters in Johannesburg, South Africa. The visit highlighted the growing efforts to deepen economic and diplomatic relations between the two largest economies in Africa.

The Nigerian team was led by Rt. Hon. Wole Oke, Chairman of the House Committee on Foreign Affairs, and included prominent figures such as Amb. Ahmed Sulu-Gambari, the Head of the Ministry of Foreign Affairs; Nigeria’s High Commissioner to South Africa, H.E. Alexander T. Ajayi; and other senior officials.

MTN Group’s top executives welcomed the delegation, including Group Chairman, Mcebisi Jonas; Chief of Staff (CEO’s Office), Jerry Varachia; Executive for Network Design, Amith Maharaj; Executive for Core Mergers and Acquisitions, Annemarie Krijnauw; Executive for Internal Audit, Motselisi Molapo; and Senior Manager for Strategic Public Affairs, Dominic Khumalo.

During the meeting, discussions focused on fostering stronger ties between Nigeria and South Africa. Both parties acknowledged…

Read More
Business Economy Education News

Federal Government of Nigeria Introduces 15 Skill Acquisition Courses in Primary and Junior Secondary School Curriculum

post-image

 

In a significant move to empower the future workforce and enhance the employability of students, the Federal Government of Nigeria has announced the integration of 15 skill acquisition courses into the curriculum of Primary and Junior Secondary Schools across the country. Starting from the 2025 academic year, students will be able to select one skill to study from Primary 1 through to Junior Secondary 3 (JSS3), ensuring that by the time they complete their education, they will have both theoretical knowledge and practical experience in their chosen field.

This groundbreaking initiative is designed to address the skills gap in Nigeria by fostering a generation of students who are not only academically inclined but also possess hands-on expertise in various trades…

Read More
Announcements Business Economy Finance Fintech International

Akwa Ibom Tech Week 2024: Ushering in a New Era of Innovation in Africa

post-image

The much-anticipated Akwa Ibom Tech Week 2024 concluded with remarkable success, marking another milestone in the region’s journey to becoming a leading tech hub in Africa. Held from October 28th to November 2nd, 2024, the event brought together tech enthusiasts, entrepreneurs, government representatives, and innovators from across Nigeria and the globe to discuss the future of digital transformation, innovation, and entrepreneurship.

The event, which was held in the vibrant city of Uyo, Akwa Ibom State, served as a powerful testament to the region’s growing influence in Africa’s digital economy. Hanson Johnson, Founder and CEO of Start Innovation Hub, one of the central organizations driving this transformation, expressed his pride and excitement as he reflected on the event’s success.

In his address,…

Read More
Announcements Business Featured News Opinion Technology Trends Telecoms

The Hidden Roadblocks to Nigeria’s Digital Revolution

post-image

In the heart of Nigeria’s bustling cities and its quiet rural communities, an invisible challenge is quietly stalling the nation’s journey toward a digital future. While vandalism and theft of telecom infrastructure are often cited as the primary culprits behind poor connectivity, an even more insidious issue is threatening to derail progress: denial of access to telecom facilities.

This growing crisis took center stage at the Critical National Information Infrastructure (CNII) Protection and Resilience Workshop Series, held in Abuja and organized by the National Cybersecurity Coordination Centre (NCCC) under the Office of the National Security Adviser. Among the speakers was Dr. Aminu Maida, a leading figure in the telecom sector, who painted a sobering picture of a nation held back by bureaucratic hurdles, community resistance, and property disputes.

“In 2023 alone, we recorded over 20,000 cases of site access denial,” Dr. Maida revealed. “Each of these represents a barrier to connecting…

Read More
Business Economy

Dr. ‘Bosun Tijani Advocates Strengthened Local Government Capacity through #Project774

post-image

Dr. ‘Bosun Tijani, the Honourable Minister of Communications, Innovation, and Digital Economy for the Federal Republic of Nigeria, has reiterated the critical role of Local Government autonomy in advancing grassroots governance and fostering digital inclusion. Speaking on the ongoing implementation of #Project774, he emphasized the project’s pivotal role in delivering the dividends of governance directly to citizens at the last mile.

“With the introduction of Local Government Autonomy in Nigeria, it is imperative that we strengthen the capacity of our LGA structures through initiatives like #Project774, ensuring that governance is both impactful and inclusive,” Dr. Tijani remarked.

As part of this transformative initiative, Dr. Tijani recently hosted a strategic brainstorming session with state government representatives. The event brought together commissioners, agency heads, advisers, and local government chairmen from seven states—Sokoto, Borno, Ogun, Kogi, Imo, Zamfara, and Kwara—participating in the project’s first phase.

“The discussions were focused on ensuring the efficient use of…

Read More