Obasanjo, Jeffrey Sachs For Babacar Ndiaye Lecture

Tayo Olanipekun

Former Nigerian President, Olusegun Obasanjo, and leading development economist, Prof. Jeffrey Sachs, will headline the second Babacar Ndiaye Lecture, to be held in Bali, Indonesia, on October 13, 2018, the African Export-Import Bank (Afreximbank) has announced.

The duo will speak on the theme, “Global Power Disequilibrium, Trade Wars and Implications for Africa,” during the international lecture series instituted by Afreximbank.

The event is to honour the former President of the African Development Bank, Dr. Babacar Ndiaye, who died on July 13, 2017,according to a statement from the pan-African multilateral financial institution on Wednesday.

Former CNN Anchor, Isha Sesay, will serve as moderator and master of ceremony of the lecture scheduled to take place on the sidelines of the World Bank-IMF Annual Meetings.

Dr. Ndiaye was President of the African development Bank from 1985 to 1995 and will be so honoured for his many contributions to Africa’s economic development and his critical role in the creation of Afreximbank.

According to the statement, he was also instrumental to the creation of several other continental institutions, such as Shelter Afrique and the African Business Roundtable, and is credited with fostering the emergence of many young entrepreneurs who have become builders of Africa.


Chief Obasanjo served two terms as President of Nigeria from 1999 to 2007 after an earlier stint as the country’s military ruler from February 1976 to October 1979.

Since leaving office, Chief Obasanjo has used his influence to advocate for Africa’s development, making appearances at various international fora where he has made the case for a stronger African voice in global economic decision making.

Prof. Sachs, an American economist and public policy analyst, is Director of the Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank Columbia bestows on its faculty.

He is also, among other things, Special Advisor to United Nations Secretary-General; Co-Founder and Director of the Millennium Promise; Director of the UN Sustainable Development Solutions Network; Economic Advisor to governments in Latin America, Eastern Europe, Africa and Asia; Research Associate as the National Bureau of Economic Research, Cambridge, United States; Member, Brookings Panel of Economists, Brookings Institution, Washington, DC; and Co-Chair, Asian Economic Panel of Economists.

Guests at the 2018 lecture will include leaders of African and global banks, development finance institutions, the business community and political leaders attending the World Bank–IMF Annual Meetings. Others are members of the diplomatic community, policy makers, academicians, African and non-African ministers of finance, economy and development, central bank governors, and CEOs of global and African corporates.

Nobel Laureate Joseph Stiglitz delivered the inaugural Babacar Ndiaye Lecture in Washington D.C. on 15 October 2017.

Post Author: Tayo Olanipekun