Banking & Finance Foreign News

AfDB appoints Nigeria as Director of African Development Institute

Dr Eric Ogunleye, Director AfDB's Development Institute

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By Abdulfatah Babatunde

The African Development Bank (AfDB) has appointed Dr Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024.

Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and development economics, capacity development and public governance.

The new director has experience in regulatory reform, monitoring and evaluation and policy advisory.

His career includes designing and leading innovative, context-specific capacity development and policy advisory initiatives.

This is at the highest levels of national governance, achieving significant global partnerships and impactful results.

He previously served as the Officer-IniCharge of the African Development Institute and Manager of the Institute’s Policy Management Division.

Ogunleye was previously an Advisor to the Chief Economist and Vice President of the Economic Governance and Knowledge Management Complex.

He played a crucial role in developing and implementing the Bank Group’s Capacity Development Strategy (2021-2025) and related initiatives.

Such initiatives are the Public Finance Management Academy for Africa and the Macroeconomic Management Academy for Africa.

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Ogunleye has significantly enhanced the institutional capacity building and fiduciary clinics, which cover 20 country portfolios annually. This is improving the quality of the Bank’s operations and portfolios in Regional Member Countries.

He holds a PhD and MSc in Economics from the University of Ibadan and Nigeria, and a BSc degree in Economics from the University of Calabar, Nigeria.

The new director expressed gratitude to the AfDB for his appointment, saying “I am truly humbled, honoured and pleased by the confidence reposed in me by President Akinwumi Adesina for this appointment”.

AfDB President, Dr Adesina, remarked that he was pleased to appoint Ogunleye as Director of the African Development Institute.

“Eric is a focused and strategic leader with first-class expertise in key areas of institutional capacity development support to regional member countries.

“I am confident that he will continue to leverage his vast experience and global partnership across all spheres of capacity development for delivery for our regional member countries,” Adesina said.

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