GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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PRES. TINUBU CONGRATULATES AFDB PRES. AKINWUMI ADESINA ON AWARD OF OBAFEMI AWOLOWO PRIZE FOR LEADERSHIP . PHOTO). #PRESS RELEASE

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 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU CONGRATULATES AFDB PRESIDENT AKINWUMI ADESINA ON AWARD OF OBAFEMI AWOLOWO PRIZE FOR LEADERSHIP 



President Bola Tinubu congratulates Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), on the award of the prestigious Obafemi Awolowo Prize for Leadership.


Dr. Adesina joins the pantheon of other previous winners of the award such as Nigeria's Nobel Laureate, Professor Wole Soyinka; former President of South Africa, Thabo Mbeki, and lawyer-educationist, Chief Afe Babalola.


President Tinubu commends the AfDB President for his visionary and noble endeavour to transform agriculture in Africa and ensure food security on the continent, recalling the growth enhancement schemes revolutionizing Nigeria’s agriculture value chains he introduced as the then Minister of Agriculture and Rural Development.


The President acknowledges Dr. Adesina's unblemished records, tried and tested integrity, as well as his immense leadership and development strides, particularly in agriculture, efforts of which have earned him numerous honours and recognition globally, including the World Food Prize in 2017.


President Tinubu wishes the AfDB President more success at AfDB and strength in his service to Africa and to humanity at large. 


Chief Ajuri Ngelale 


Special Adviser to the President 


(Media & Publicity)


March 6, 2024

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