Akinwumi Adesina is a renowned Nigerian economist, public administrator, and development expert known for his significant contributions to African agriculture and economic growth. He currently serves as the President of the African Development Bank (AfDB). Adesina has played a key role in transforming Africa’s agricultural sector and has received numerous accolades for his work. In this blog post, we explore his biography, career, net worth, family, and personal life, providing a comprehensive insight into this influential figure.
Akinwumi Adesina Biography and Early Life
Akinwumi Adesina was born on February 6, 1960, in Ibadan, Oyo State, Nigeria. He hails from a farming family, which greatly influenced his passion for agriculture and economic development. Adesina pursued his education at the University of Ife (now Obafemi Awolowo University), where he obtained a Bachelor’s degree in Agricultural Economics. He later earned a Ph.D. in Agricultural Economics from Purdue University, USA.
Throughout his early years, Adesina exhibited a keen interest in agricultural policies and economic development, which shaped his future career path.
Akinwumi Adesina Net Worth
As of 2024, Akinwumi Adesina’s estimated net worth is between $2 million and $5 million. His wealth primarily comes from his salary as the President of the African Development Bank, various speaking engagements, and consultancy roles. While his exact salary is not publicly disclosed, it is believed that the AfDB President earns an annual salary in the range of $300,000 to $500,000.
Career and Major Achievements
Akinwumi Adesina has had a distinguished career spanning several decades. Below are some of his major milestones and achievements:
Early Career
- Worked as a senior economist at the West African Rice Development Association (WARDA).
- Served as Associate Director at the Rockefeller Foundation, where he championed agricultural transformation in Africa.
Minister of Agriculture (2011-2015)
- Appointed as Nigeria’s Minister of Agriculture under President Goodluck Jonathan.
- Launched the E-Wallet System, which revolutionized Nigeria’s fertilizer distribution system, eliminating corruption and ensuring that farmers received direct support.
- Developed policies that significantly boosted Nigeria’s food production and reduced food importation.
President of the African Development Bank (2015-Present)
- Elected as the 8th President of AfDB in 2015 and re-elected for a second term in 2020.
- Spearheaded the High 5 Agenda, which includes initiatives to power Africa, feed Africa, industrialize Africa, integrate Africa, and improve the quality of life for Africans.
- Led the bank’s response to economic crises, including the COVID-19 pandemic, by launching a $10 billion crisis response facility to support African countries.
- Named the African of the Year by Forbes Africa in 2019 for his impactful work in economic development.
Summary of Akinwumi Adesina’s Biography
| Field | Details |
|---|---|
| Full Name | Akinwumi Adesina |
| Date of Birth | February 6, 1960 |
| Age | 64 (as of 2024) |
| Place of Birth | Ibadan, Nigeria |
| Nationality | Nigerian |
| Education | Obafemi Awolowo University, Purdue University |
| Occupation | Economist, Public Administrator, AfDB President |
| Net Worth | $2 million – $5 million |
| Current Position | President, African Development Bank |
| Spouse | Grace Adesina |
| Children | Two |
Akinwumi Adesina Family and Children
Akinwumi Adesina is married to Grace Adesina, and their union has been blessed with two children. Despite his busy schedule, he maintains a close-knit family and often speaks about the importance of family values. His wife, Grace, has been a pillar of support throughout his career.
Personal Life
Outside of his professional commitments, Adesina is known to be a man of deep faith. He is a devout Christian and attributes much of his success to divine guidance. He is also passionate about mentoring young African leaders and frequently engages in discussions on economic development and leadership.
Origin
Akinwumi Adesina is of Yoruba descent and hails from Oyo State, Nigeria. His upbringing in a farming family influenced his drive to revolutionize agriculture and economic policies across Africa.
FAQs About Akinwumi Adesina
1. What is Akinwumi Adesina’s current position?
Akinwumi Adesina is the current President of the African Development Bank (AfDB).
2. What is his estimated net worth?
His estimated net worth is between $2 million and $5 million.
3. What are some of his major achievements?
He introduced Nigeria’s E-Wallet System for fertilizer distribution, launched AfDB’s High 5 Agenda, and secured billions in funding for Africa’s economic growth.
4. Where was Akinwumi Adesina born?
He was born in Ibadan, Oyo State, Nigeria.
5. Is Akinwumi Adesina married?
Yes, he is married to Grace Adesina, and they have two children.
6. What is his educational background?
He studied Agricultural Economics at Obafemi Awolowo University and earned a Ph.D. from Purdue University.
7. What impact has he had on African agriculture?
He has played a significant role in transforming Africa’s agricultural policies, improving food security, and supporting economic development.
Conclusion
Akinwumi Adesina is a prominent African leader whose work has significantly impacted the continent’s economic and agricultural landscape. His dedication to development, innovative policies, and leadership at AfDB have earned him recognition globally. With a career spanning decades, his influence continues to shape Africa’s future for the better. His journey from a humble farming background to a global economic leader is a testament to hard work, vision, and resilience