AfDB Debate: Improving domestic resource mobilisation to finance industrialisation

The 2018 Annual Meetings of the African Development Bank Group takes place in Busan, Korea themed accelerating Africa’s Industrialisation.
CNBC Africa brings you this breakfast session debate on “Improving Domestic Resource Mobilisation to Finance Industrialisation; the session included his Royal Highness Muhammadu Sanusi II, Emir of Kano, Nigeria’s former central bank governor, Akinwumi Adesina, President of the African Development Bank and other panellist.
www.cnbcafrica...

[@musajallow4063]

very interligengt fulani man. Sir Sanusi i hope one day you rule Nigeria. All Nigerian fulanis are proud of you.

[@hassanelaouali2653]

I can spend days and days listening to Sanusi Lamido. He's so inspiring, so brilliant.

[@akeemolaseni5062]

Well, l guess Sanusi is smart but wrong about subsidy removal. Average Nigerians are not benefiting anything from government except the subsidy which directly or indirectly benefits average people in Nigeria.

[@hassanelaouali2653]

@@akeemolaseni5062 Oil subsidy benefits average people, but not the poorest citizens. Also, studies show that the removal of subsidy will help save money that can be invested in refineries and infrastructures. This will create jobs for the average Nigerians.

[@akeemolaseni5062]

@@hassanelaouali2653 the poorest citizens benefit from subsidy because they board public/commercial transport which enjoy subsidy. Government can reduce the salary of Assemblymen- legislators. Fight frauds in oils and gas industries. Our oils was subsidy when Nigeria built warri and port Harcourt refineries. Why all this cries about subsidy removal? Obasanjo and Jonathan removed/slashed oils subsidy. They neither build refineries nor repair former refineries. With all huge loans from Chinese and whitemen, Nigeria leaders can build or repair refineries. If they removed the subsidy, most of the money will be use to service loans. Our leaders will steal some of it and Nigeria will remain in the same condition. Dubai and Saudi Arabia are oil producing countries and their citizens benefit from it. Most of their leaders care about their citizens and countries.

[@hassanelaouali2653]

@@akeemolaseni5062 you're right, good governance is the sine qua non of the removal of oil subsidy.

[@dennisagelebe6906]

I celebrated your dethronement because that throne was actually holding African Gem hostage. Africa needs you now. You need to put heads together and form an advisory body that will serve the interest of Africa's economy. I am talking of a Body that will not receive funding from outside Africa.

[@johnorajiaka3721]

Well spent time watching Emir Sanusi. Very insighful speech braced with logic and actionable points. Only wish we have leaders with both moral and political will to implement such obvious recommendations from an intelligent mind.

[@tulusaku7929]

Bruh, in Africa we don’t vote for smart people. He can’t lie so he can’t win an election

[@zat0076]

John Orajiaka 😂 we governed by career politicians with nothing to offer the country

[@HACH-MEDIA_BROADCAST]

This man is a highly political and financially profile. He is good for the country developpement. Nigeria Nigeria don.t sacrifice him.

[@Ken75ist]

Manufacturing and production will uplift Nigeria. When all the manufacturing jobs get outsourced to Africa......things will change.

[@mikhailmaimoonahoward]

Maybe if he was the president of Nigeria things will move at a faster pace they tried to say he was corrupt in the north but everyone knows the truth about this great man .even here in America he pleaded with African-Americans to come back to Nigeria and help develop businesses to take everyone out of poverty he was even willing to put up his own finances to help with that

[@adetolaogunfowoke5679]

Africa as one better when negotiating!

[@Afrodiaspora]

Excellent presentation 👏🏼

[@jacan4eva]

Loved this talk. Great insights from Sanusi on importance of revenue to gdp % and many other gems. Sanusi misspoke when he said 80% of US energy comes from coal. In 2019 coal was less than 25%. It’s fossil fuels as a whole which is 80% of US energy consumption.

[@driziiD]

amazing. simply brilliant.

[@edegbai]

Just imagine what Nigerian society is doing to HRH Sanusi Lamido Sanusi in March 2020? Okonjo Iweala on the other hand has been appointed as a member of the South African Economic Advisory Board - whereas our dear Nigeria is in economic crisis?

[@benbekoe181]

I love this Sanusi come to Ghana and teach them

[@obn1459]

Naija is like that..rem, a prophet is not honoured in his own town - bible

[@WazirinJosnEnvirons]

Doing the right things with resources...if you are not faithful with a little you cannot be faithful with a lot. Same with procurement if we cant get traditional procurement right we cant get Public-private partnerships right.

[@ubuntumike5794]

Danlami Gomwalk preach, they need management training, vision, imagination and this is why we need the youngs to take arm to lead the continent.

[@sylviasworld9397]

Nigeria, how did we let this man get away without becoming president first?

[@simisolaonayemi8435]

I am just fonding him out after removal from KANO. BUT NOW WE NEED TO START HIS RECOGNITION IN NIGERIA. HE IS ONE OF THE GEMSTONES NIGERIA NEEDS.

[@yoyo5050]

Never too late.

[@powerfuld1]

The brainless government will never allow this great man to be president because of fear of loosing their oil wells as well as their loothing .

[@fionaakeyo8801]

Very intelligent Nigeria Nigeria great man

[@anansesem3271]

Naija this is the man you need to lead your nation

[@لوفياوغندا]

Ndowawe Yesu ,ndowayesu nyowendowawe yesunyowendowa

[@adesinatemitayo5649]

Hausa fulanis are wonderful creatures.

[@muktarahmadtijjani154]

We are grateful 🙏

[@rosettapaul9367]

It is very easy to see now where the command to dethrone Sanusi came from.Not from the governor ,a low level servant of colonial powers. Not even from Buhari, another puppet of the powers that be. But from the same old colonial powers Nigerians were supposed to have gained independent from in 1960. They fear people like Sanusi whose clearly that the STRUCTURAL ORGANISATION of power to change the economic fate of the masses has not changed one bit from the colonial days.

[@tjadd5454]

This man is amazing.....why is he not president of nigeria

[@Afrodiaspora]

Yes I agree. The power that' rules won't allow a sensible person such as Mr Sanusi to become the president. I don't think so 🤔

[@saninasiru9984]

Social man God bless your journey

[@akeemolaseni5062]

Why AFDB organized its event in South Korea? We need to always organize event in Africa instead of travel to south Korea or Dubai, wasting our foriegn exchange. Korea or Dubai doesn't come to Africa just to organize event in Africa unless marketing their products or investment.

[@zat0076]

Hahaha...where do u think AFDB get their funds for projects in Africa...from international investors

[@akeemolaseni5062]

@@zat0076 AFDB gets money from contributions among Africa countries and Not international investors

[@atandaolufunmilayo5015]

They will go out there because your people hate to hear the truth.

[@akeemolaseni5062]

@@atandaolufunmilayo5015 which truth? Do you meaning everyone in Africa hate to hear the truth including you? Asians developed on their own without any assistance from Africa. We as Africans also need to develop on our own. Africa countries need to help each others to develop instead of begging for foreign assistance.

[@mariamibrahim1460]

I am here today, and Dangote finally did it. Its a huge responsibility on him, he delivered. Now Nigeria let's support and pray for his growth, and for others to come. His Excellency Sunusi is unmatched. I hope incoming President Tinubu really taps from him and we milk him all out, so this knowledge can be replicated in the we the younger generations. Hoping to be a part of this group someday, God's willing.

[@habibawurie7985]

Wait, why is the Annual Meeting of the AfDB taking place outside of Africa? Was there no available conference center in any of the African countries that are both beneficiary and member states? Of course South Korea is a donor member state but it becomes difficult to accept that the AfDB is committed to African Development when proceeds that could come from hosting AfDB conferences to sectors such as tourism are redirected to other regions. Though this is is easy to look over it is in these small steps that we can make the big changes. Even if it means only holding these conferences in the African states that have the requisite infrastructure to host such large and high-profile events.

[@nasiribrahim6370]

Habiba Wurie exactly my thoughts, why is it outside Africa??

[@Hemzees]

It's held where funding is available for it to be held.

[@dmitong]

@@Hemzees you're correct

[@dokorobia8713]

Hemen We can at least fund a meeting...

[@Hemzees]

@@dokorobia8713 It's not really about what we can but what we are doing.

[@MatthewAkanmu]

I know you might have done some mistakes in the past, but God will forgive you, when are you going to become Nigeria president and be truly sincere to your oath of office.

[@abdullahijamiu8617]

An international icon, he is.

[@calpag]

African seems to have the talents to transform its economy. Why are we depending on the Western colonizer model for economic growth.

[@لوفياوغندا]

We are happy toenjoy Our dreamstoWork with all People Wii we in peace

[@لوفياوغندا]

Happy birth toyou,happybirthdear taata happy birth toyou

[@NooradinHurdaye1]

Someone tell me what he did for nigeria when he was the governor of the bank or i Will also lebball him like buhari

[@ibrahimah]

He was by far the best central bank governor that Nigeria ever had since its establishment. He controlled inflation rate, stopped banks from collapsing by introducing ne measures for running commercial banks; and prosecuted bank CEOs who stole depositors money and invested the money in real estate in dubai, Usa etc. He also exposed the corruption in the oil sector when he found out that more than $20billion had not been remitted into the treasury. I can go on and on and on...

[@dennisagelebe6906]

listen to the introduction by the AfDB President....

[@MichaelWonder]

In 2008 is predecessor remitted 8 Billion Dollars into the federation account... When he came in, in 2009 he remitted 80 billion into the federation account. In 5 yrs of his Tenure he had remitted what the central back had not done in its 50 yrs of existence. Let me drop this first.... I could go on and on

[@لوفياوغندا]

Emen

[@لوفياوغندا]

Taata omwiiguru tihariho orinkiwe taata owomwiguru tihariho orinkiwe nitukusiima nitukur amwa tihariho akwengana nitwe hansinitukuramwa,Twara amatendo twara ekitibwa bwona bitware okufuna esu

[@لوفياوغندا]

We want lunch

[@لوفياوغندا]

Turyabasinguzi bishemwe mutaatinaturyabasinguzi imwe mutagira obwoba bingyi biratuganzarya konka nobubwakuza omwizina ryaYesu turyabasinguzi

[@لوفياوغندا]

Ngu tosara musangu niwetorigusarirwa basembeze ngu obwagarize Manya ekyosiga nikyorikungura A

[@bolajimartins6771]

Nigerian political group is a barbaric gang. A group that has, a Buhari a Ganduje, a Tinubu, an Oshiomole, an Okorocha, an Abba Kyari and all other fools in the gang, are like hunters as opposed to farmers which good leaders are supposed to be. Hunters kill anything that comes their way to eat, they are destructive and unproductive. While farmers plant and cultivate anything that comes their way to multiply the society. Nigerian political gang is hunter gang a killer gang. This is why a Sanusi Lamido Sanusi becomes a pray they have to kill.

[@kciemimido962]

I am not a good example but you know I am a king and I am allowed it... The dumbest statement or excuse someone of an authority will give just to spare himself but yet to correct others who live like him 🤦‍♂️ 🤦‍♂️

[@martym.davies7116]

Use your own language.

[@لوفياوغندا]

Kangwe mimikonoyo mukakama kangwe mimikonoyo omparurire

[@iddrisuabdulai2803]

🙄