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Union calls out to AU for independence of AfDB

African Trade Unionists under the auspices, Industrial Global Union wants the Africa Union to urgently take a position to sustain the independence and integrity of the African Development Bank (AfDB).

Vice President, Industrial Global Union, Comrade Issa Aremu who made this known at a press briefing in Kaduna commended African leaders including President Muhammadu Buhari and former President Olusegun Obasanjo as well as other leaders within the continent who have stood up for the Bank’s independence.

Comrade Aremu was concerned on why the United States of America is insisting on a further probe, despite the clean bill of health given to the President of the Bank, Mr Akinwumi Adesina, by the Bank’s Board of Directors led by a Japanese National.

He noted that the distraction from America was targeted at top Management staff of the Bank, particularly, Mr Adeshina, in spite of a second term endorsement by notable African shareholders made up of all the heads of state and governments of ECOWAS region.

Comrade Aremu who is also the General Secretary, National Garment and Textile Union of Nigeria maintained that the United States would not allow an African country to subscribe to shares of the North American Development Bank, let alone, to question outcomes of its internal rules and regulations.

Photo: The Cable

The Labour leader confirmed that the current Bank’s leadership, had mobilised and allocated resources for investment and offered policy advice and technical assistance to support development efforts in Africa. 

He noted that through the Africa Investment Forum, AfDB in 2018 and 2019 attracted more than $80bn in infrastructure investment that refocused the African perspective from Aid dependency to domestic investment.

Comrade Aremu was also of the view that notwithstanding resistance from abroad especially the United States, the Bank spearheaded an increase of the its shareholder General Capital from $93bn to $208bn.

He stressed that these and many more value addition, Mr Adesina and his team had brought to bare on the development of the African continent must be embraced and sustained.

The comrade added that Africans should ensure the sanctity of tested  rules, laws, procedures and governance systems of the bank against the provocative attack of the United States.

Terfa Awuhe

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