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Donkor Gets Second Term as EBID President

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Donkor Gets Second Term as EBID President

By: Michael Mike

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID), comprising the Ministers of Finance and / or Economic Planning of the 15 ECOWAS member states, has unanimously re-appointed Dr George Agyekum Nana Donkor as President of the Bank for the second term of five years beginning February 1, 2024.

The appointment took place during the just ended 21st Ordinary Session of the Board of Governors held on April 5, 2023.

According to a statement by the bank, in taking the decision, the Board of Governors took into consideration the progress made by the Bank since Donkor assumed office in January 2020.

Notable achievements under his leadership include the reduction of the Bank’s non-performing loans (NPL) ratio from over 8% to 4.28%, USD 77.5 million recovered in respect of capital arrears, 36.8% balance sheet growth in 2022, two consecutive widely successful debenture issuances on the UEMOA market and the enhanced quality of the Bank’s portfolio.

The Board also expressed its satisfaction with the improvement in the Bank’s credit rating, currently B2 with a stable outlook by both Moody’s and Fitch Rating Agencies, which is the best ever rating in the Bank’s history and a reflection of the renewed investor confidence in the Bank, in spite of the daunting global economic context caused by Covid-19 pandemic and the Ukraine-Russia crisis. In his remarks, the outgoing chairman of the Board of Governors, Deputy Prime Minister and Minister for Finance, Business Development and Digital Economy of the Republic of Cabo Verde, His Excellency Dr Olavo Avelino Garcia Correia, stated that the Board of Governors was of the firm belief that Dr. Donkor was the right person to take the Bank to the next level.

The Bank’s Board of Directors which recommended the renewal of Donkor’s term of office to the Board of Governors, described him as a man of impeccable professional credentials and a pragmatic leader who had implemented several commendable initiatives at the helm of the Bank which has yielded positive outcomes.

In his response, Donkor pledged to continue working with the Ministers and the Board to forge ahead with the objective of establishing EBID as the leading financial institution in the region, while supporting Member States to ensure socio-economic development.
 

ECOWAS Bank for Investment and Development (EBID) is a leading regional investment and development bank, owned by the 15 ECOWAS Member States, namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. Based in Lomé, Togolese Republic.

The Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations, and related services.

Donkor Gets Second Term as EBID President

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Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment

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Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment

By: Michael Mike

In a move that underscores early political positioning ahead of Nigeria’s next general elections, key stakeholders of the All Progressives Congress (APC) in Borno State have formally endorsed President Bola Ahmed Tinubu and Vice President Kashim Shettima for a second term in 2027.

The endorsement, announced during a high-level gathering at the Government House Multipurpose Hall in Maiduguri on Saturday, signals a consolidation of political support in one of the APC’s strongest northern bases. Party leaders, government officials, and influential grassroots mobilizers unanimously pledged to rally voters across the state to ensure the continuity of the Tinubu administration.

Addressing the stakeholders, Borno State Governor Babagana Umara Zulum described the endorsement as both a vote of confidence in the current administration and a strategic commitment to sustaining ongoing reforms. He emphasized that the Tinubu-Shettima leadership had demonstrated resolve in tackling Nigeria’s complex security and economic challenges.

According to Zulum, Borno State—long at the epicenter of insurgency—has witnessed renewed federal attention in security coordination, humanitarian interventions, and reconstruction efforts. He noted that continuity in leadership would be critical to consolidating these gains, particularly in the North-East where recovery from years of conflict remains fragile.

“The support for President Tinubu and Vice President Shettima is rooted in performance and trust,” Zulum said. “Borno has seen firsthand the impact of leadership that understands our realities and is committed to long-term stability.”

Borno’s Strategic Role in APC Politics

Borno State holds significant political weight within the APC, not only as a consistent electoral stronghold but also as the political base of Vice President Shettima, a former governor of the state. Since the party’s formation in 2013 and its landmark victory in the 2015 elections, Borno has remained central to APC’s dominance in the North-East.

The state’s political influence is further amplified by its frontline status in Nigeria’s fight against insurgency. Years of conflict involving Boko Haram and ISWAP insurgents have shaped national security policies and elevated Borno’s importance in federal decision-making. As a result, endorsements from the state often carry symbolic and strategic significance for national campaigns.

Political analysts view the early endorsement as part of a broader effort by APC stakeholders to stabilize internal party structures and project unity well ahead of the 2027 elections. It also reflects a growing trend of pre-election alignments aimed at discouraging intra-party rivalries and consolidating incumbency advantages.

Momentum Builds Toward 2027

Saturday’s declaration comes amid ongoing national debates over economic reforms, security challenges, and governance priorities under the Tinubu administration. While opposition parties are expected to intensify criticism in the coming years, the APC appears to be laying the groundwork for a coordinated re-election campaign.

Stakeholders at the Maiduguri meeting pledged to embark on extensive grassroots mobilization, voter engagement, and party strengthening initiatives across all local government areas in Borno. They also called on other APC-controlled states to replicate similar endorsements to build a nationwide consensus.

As Nigeria moves deeper into its current electoral cycle, the Borno endorsement highlights how regional political blocs are already shaping the contours of the 2027 race—long before official campaigns begin.

Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment

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Fairness, unity key to victory in 2027, Chieftain tells APC leadership in Adamawa

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Fairness, unity key to victory in 2027, Chieftain tells APC leadership in Adamawa

Abdulrahaman Kwancham, Adamawa Northern Senatorial zone aspirant under the platform of All Progressives Congress (APC) has called on the party leadership in the zone to be fair towards ensuring victory for the party in 2027 General Elections.

Kwancham made the call during a courtesy visit to the party leadership in Mubi-North Local Government Area.

He said fairness and justice would help the party members to remain united and succeed beyond politics.

“We should please remain peaceful and united in APC for the seek of God as well as to shun anti party for the victory of our party”, he said.

He explained that some people were in the party spreading rumours to cause problem between him and Gov. Ahmadu Fintiri because of the seat despite Fintiri is yet to officially declare his intentions to contest.

According to him, he is not desperate in his pursuit of the senatorial seat, despite the several groups coming to urge him to contest.

“If Gov. Fintiri comes out, I am ready to step down considering his outstanding performance in the state.

“Even if you don’t like Fintiri, you know that he has worked for the state and I am not fighting him “, he said.

In his remarks, the party Chairman appreciated the aspirant for the visit and assured a level playing grounds for all.

He assured their readiness to work in accordance with the party guideline for the success of the party.

Kwancham earlier paid homage on the Emir of Mubi, Alhaji Isa Ahmadu who conferred on Kwancham the traditional title of Sarkin Fulani Mubi.

The Emir described the honour as well-deserved, citing Kwancham’s character, leadership qualities, and commitment to humanitarian activities.

Fairness, unity key to victory in 2027, Chieftain tells APC leadership in Adamawa

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2027: APC promises 3.5 million votes for TINUBU in Yobe

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2027: APC promises 3.5 million votes for TINUBU in Yobe

By: Yahaya Wakili

The All Progressives Congress (APC), Yobe state chapter, has promised to deliver 3.5 million votes to President Bola Ahmed Tinubu GCFR in the 2027 presidential election.

The president of the 9th Senate, Senator Ahmad Ibrahim Lawan GCON, disclosed to newsmen in a communique issued after a meeting of all APC stakeholders, Yobe State chapter, held at the Banquet Hall of Government House, Damaturu.

He said in the last presidential election, Yobe state had the highest percentage performance in Nigeria, and we intend to repeat the same but with even bigger results, noting that we have, as a small state, produced election results that compete favorably against results from bigger states because of our unity and understanding shown for each other.

The communique further stated that the Yobe State APC chapter has resolved to adopt consensus as a mode of elections to produce its candidates for the governorship, national assembly membership, and state assembly membership that is out of the two modes specified in the electorate act, consensus and direct; the APC has fixed consensus.

“And from our previous experience, consensus has always worked for us in this state in APC, and a candidate that emerges in any position will receive the support of all in this party, including, of course, aspirants who would have wished that were fixed. We support our candidates whenever they emerge.

He said the national members from Yobe State have always worked very closely and harmoniously with the state government, which has always been in APC in the last few years, especially during the Geidam era and, of course, presently with the Rt. Hon. Mai Mala Buni administration, and therefore this will continue because we have always seen the benefit of understanding and supporting each other.

2027: APC promises 3.5 million votes for TINUBU in Yobe

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