EVENTS & ANNOUNCEMENTS
Emirates Health Economics Society 2024 Explores Sustainable Healthcare Financing
Published
5 months agoon
By
Editor
The 4th Annual Emirates Health Economics Society (EHES) Conference 2024 recently concluded in Dubai, marking a significant event where health experts, policymakers, and industry leaders gathered to discuss some of the most pressing issues in global and regional health economics. The conference centered around two pivotal themes: sustainable healthcare financing and the implementation of value-based healthcare systems. Hosted in one of the world’s most rapidly evolving healthcare markets, the event underscored the UAE’s growing role as a leader in health economics and policy-making within the Gulf Cooperation Council (GCC) region and beyond.
The UAE’s Growing Role in Health Economics
The UAE has positioned itself at the forefront of the GCC’s health economic transformation. Over the past decade, the country has made strategic efforts to enhance its healthcare infrastructure, improve patient care, and develop financial models that make healthcare more sustainable. Dr. Fatima Al Kaabi, Director-General of the Emirates Drug Establishment (EDE), emphasized the UAE’s visionary approach to developing a sustainable healthcare sector. She highlighted the regular issuance of the National Health Account, a comprehensive financial report that tracks healthcare expenditure across various domains in the UAE.
The National Health Account is more than just a financial tool; it provides insights into how resources are allocated, how healthcare budgets are spent, and where potential gaps or overspending might occur. This systematic monitoring of health expenditure aids in crafting evidence-based policies that support sustainable healthcare financing, optimal resource allocation, and the delivery of high-quality care to all residents. Such a robust approach to health economics has put the UAE at the forefront of innovation in healthcare policy within the GCC region.
Innovative Models and AI
One of the focal points of the EHES Conference was the emphasis on developing innovative financing models to manage rising healthcare costs. Dr. Al Kaabi highlighted the crucial role of the Emirates Drug Establishment in integrating health economics principles into decision-making, particularly through innovative strategies for the funding of new drugs and treatments. As healthcare costs continue to surge globally, finding sustainable ways to finance patient care is imperative. The UAE’s forward-thinking approach to health economics and financing focuses on developing models that are both efficient and inclusive.
Artificial Intelligence (AI) also played a prominent role in the discussions at the conference. With advancements in AI and data analytics, healthcare systems worldwide are undergoing transformative changes in how they manage data, make clinical decisions, and optimize financial resources. The UAE, already a trailblazer in tech and AI integration, has been leveraging these advancements to improve healthcare outcomes and cost-efficiency. From predictive analytics for disease prevention to AI-driven pricing models for medications, the implementation of AI is revolutionizing healthcare financing in the country.
By using AI to analyze health data, predict cost trends, and manage resources more effectively, the UAE aims to enhance healthcare delivery while ensuring that expenditures are aligned with the value provided to patients. The idea is not only to streamline administrative processes but also to reduce costs, improve patient care, and make healthcare financing more sustainable. The discussions at the EHES Conference underscored how AI can serve as a powerful tool to facilitate better economic decision-making in healthcare.
Emirates Health Economics Society
Another key topic at the conference was the shift towards value-based healthcare, a transformative approach to healthcare delivery that emphasizes patient outcomes over the quantity of services provided. Dr. Sara Al Dallal, President of the Emirates Health Economics Society, described how the conference sessions focused on reimagining healthcare financing by aligning costs directly with the quality and results of care. In contrast to traditional fee-for-service models, value-based healthcare systems prioritize providing treatments that result in the best possible patient outcomes and, in turn, drive more efficient use of financial resources.
For the UAE and other GCC countries, this shift towards value-based care is especially important given the growing demand for high-quality healthcare services and the need to manage costs effectively. By promoting value-based care, the UAE aims to improve health outcomes, ensure patient satisfaction, and make the healthcare system more economically viable. The conference highlighted several value-based initiatives in the UAE, including pilot programs for bundled payment models, performance-based incentives for healthcare providers, and collaborative care models that put patients at the center of their healthcare journey.
Value-based healthcare also ties into pharmaceutical policies, with a focus on economic studies that evaluate the cost-effectiveness of drugs and treatments. The conference emphasized the importance of periodic economic studies in the pharmaceutical market, which play a critical role in developing fair and effective pricing mechanisms. These mechanisms are designed to balance affordability for patients with profitability for pharmaceutical companies, ensuring that innovative drugs are accessible while also being economically viable.
Cost-Efficiency and Quality of Care
Balancing cost-efficiency with the delivery of high-quality care is a challenge faced by healthcare systems around the globe. This theme was front and center during the discussions at the Emirates Health Economics Society Conference. Dr. Mohamed Farghaly, a Professor of Medicine and Consultant in Diabetes, stressed that cost-efficiency should never come at the expense of healthcare quality. He noted that one of the key goals of the UAE’s healthcare policies is to find the right balance—delivering exceptional patient care while ensuring that costs are managed sustainably.
For the UAE, achieving this balance means investing in preventive healthcare, leveraging technology to reduce administrative burdens, and encouraging efficient use of healthcare services. The UAE has been proactive in these efforts, with policies that promote preventive care, wellness programs, and the integration of digital health solutions, all of which contribute to more efficient healthcare delivery. By sharing these strategies and insights, the EHES Conference aimed to inspire reforms that ensure the sustainability of the healthcare system without compromising patient care.
Financial Challenges
The EHES Conference also addressed the growing burden of chronic diseases, environmental health issues, and the financial challenges they present. With non-communicable diseases such as diabetes, cardiovascular conditions, and obesity on the rise in the Gulf region, finding ways to finance care for these long-term conditions is a top priority. Experts discussed how chronic diseases pose not only a health challenge but also a significant economic burden on healthcare systems.
The financial strain of treating chronic diseases can be enormous, with implications for both the public and private sectors. To address these challenges, the conference highlighted innovative financing mechanisms, public health policies, and prevention strategies aimed at reducing the prevalence and impact of chronic diseases. The sessions also examined the issue of catastrophic health spending, which occurs when out-of-pocket healthcare costs push families into financial distress. By exploring policies that prevent such financial hardships, the EHES Conference provided insights into how healthcare systems in the GCC can be more resilient and equitable.
Environmental health was another area of focus, with discussions on how climate change, pollution, and other environmental factors impact public health and healthcare costs. The UAE and other GCC countries face unique environmental challenges, such as extreme temperatures and rapid urbanization, which can have a direct impact on population health. The conference sessions explored the intersection of environmental health and healthcare financing, offering policy recommendations for mitigating environmental health risks and reducing related healthcare expenses.
Innovative Solutions
One of the most valuable aspects of the Emirates Health Economics Society Conference is its ability to bring together a diverse group of experts, policymakers, and stakeholders from across the Gulf region and beyond. The event serves as a strategic platform for fostering collaboration among GCC nations, enhancing dialogue on shared challenges, and developing innovative solutions to improve healthcare financing and delivery.
The presence of international experts from countries like the United States, Canada, Germany, and France added a global perspective to the discussions, providing the GCC with access to best practices and insights from different healthcare systems. This cross-cultural exchange of ideas is instrumental in shaping policies that are both regionally relevant and globally informed.
Healthcare in the GCC
The EHES Conference 2024 marked a milestone in the UAE’s journey toward establishing a sustainable healthcare system, with a focus on financial innovation, value-based care, and regional collaboration. As healthcare systems continue to evolve, the importance of sustainable financing models, data-driven decision-making, and patient-centered care will only grow.
The Emirates Health Economics Society plays a vital role in guiding this transformation, offering a platform for continuous dialogue and policy development. With its commitment to addressing healthcare financing challenges, promoting innovative solutions, and enhancing regional cooperation, the society is helping to shape a more sustainable and inclusive healthcare landscape not just for the UAE, but for the entire Gulf region.
By prioritizing sustainable financing, embracing AI-driven solutions, and aligning healthcare costs with patient outcomes, the UAE and other GCC nations are setting an example for the future of healthcare economics. The discussions and outcomes of the EHES Conference will undoubtedly inspire new policies and strategies, ensuring that the region remains at the forefront of health economics, innovation, and sustainable care delivery.
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EVENTS & ANNOUNCEMENTS
A Journey in Service: General Ibrahim Babangida’s Autobiography Launches in Abuja
Published
3 weeks agoon
February 23, 2025By
Editor
Our Special Correspondent
On February 20, 2025, the Nigerian capital, Abuja, played host to a landmark event in the nation’s history—the official launch of General Ibrahim Badamasi Babangida’s much-anticipated autobiography, A Journey in Service. Held at the prestigious Transcorp Hilton Hotel, the ceremony was attended by a distinguished assembly of past and present leaders, political figures, military officers, and intellectuals. The event was not just a celebration of a book but a reflection on the life and times of one of Nigeria’s most enigmatic and influential leaders.
A Historic Gathering of Dignitaries
The launch was graced by an impressive lineup of prominent personalities from Nigeria and beyond. Among the attendees were former Nigerian Presidents Olusegun Obasanjo and Goodluck Jonathan, as well as the country’s current leader, President Bola Ahmed Tinubu. Former Ghanaian President Nana Akufo-Addo delivered the keynote address, emphasizing the importance of leadership, democracy, and service in Africa’s development.
Notably absent from the event was former President Muhammadu Buhari, whose non-attendance sparked speculation among political analysts. Nonetheless, the atmosphere remained charged with a sense of camaraderie, as old allies and rivals gathered under one roof to honor the legacy of a man who once steered Nigeria’s destiny.
The Book: A Journey in Service
General Babangida’s autobiography, A Journey in Service, provides an introspective look into his decades in public life, offering readers an insider’s view of Nigeria’s political landscape during his tenure as military president from 1985 to 1993. The book covers key moments of his career, including his role in shaping Nigeria’s economic policies, his controversial decision to annul the June 12, 1993, elections, and his relationships with fellow African and global leaders.
One of the most anticipated revelations in the book is Babangida’s candid discussion on the annulled 1993 elections, widely regarded as Nigeria’s freest and fairest. In A Journey in Service, he acknowledges MKO Abiola as the rightful winner of the election and expresses regret over the decision to nullify the results. He provides insights into the pressures and security concerns that led to the move, an issue that has been a subject of debate for over three decades.
The book also delves into Babangida’s role in Nigeria’s economic restructuring, including the introduction of the Structural Adjustment Program (SAP), which remains one of the most debated economic policies in the country’s history. Babangida defends his decisions, explaining the circumstances that necessitated the implementation of SAP and the challenges his administration faced in balancing economic liberalization with social stability.
Beyond politics, A Journey in Service offers personal reflections on Babangida’s upbringing, his experiences in the Nigerian military, and his philosophy on leadership. It also sheds light on his relationship with his late wife, Maryam Babangida, whose Better Life for Rural Women program significantly impacted women’s empowerment in Nigeria.
Highlights from the Launch
The launch ceremony was marked by speeches, by former government officials who provided perspectives on Babangida’s legacy. In his remarks, President Bola Tinubu praised Babangida’s contributions to Nigeria’s development, stating, “General Babangida’s leadership was pivotal in shaping modern Nigeria. His willingness to document his journey serves as an invaluable resource for future generations.”
Former President Olusegun Obasanjo, known for his often critical stance on past Nigerian leaders, commended Babangida for his decision to write an autobiography, describing it as a courageous act of self-examination. “History is best told by those who lived it. General Babangida has given us a first-hand account of his service to Nigeria,” Obasanjo noted.
Public Reactions and Media Coverage
The launch generated significant buzz across Nigeria, with political commentators, historians, and journalists analyzing the book’s contents and its potential impact on Nigeria’s historical narrative. Major media outlets provided extensive coverage of the event, with television stations broadcasting live from the venue and social media platforms buzzing with discussions about Babangida’s revelations.
Some Nigerians view A Journey in Service as an attempt at historical redemption, while others see it as a vital contribution to understanding Nigeria’s past. Political analyst Jide Ojo remarked, “Whether one agrees with Babangida’s policies or not, his book is a crucial addition to the historical documentation of Nigeria’s governance.”
However, not all reactions have been positive. Critics argue that the book does not go far enough in addressing some of the more contentious aspects of Babangida’s tenure, including allegations of corruption and human rights violations. Activist and lawyer Femi Falana commented, “While it is commendable that General Babangida has written his memoirs, there are still many unanswered questions about his administration.”
The Legacy of General Ibrahim Babangida
Regardless of differing opinions, there is no denying that General Babangida remains one of the most consequential figures in Nigeria’s history. His influence on governance, economic policy, and military strategy continues to be felt decades after his presidency.
A Journey in Service is more than just a memoir; it is a reflection of Nigeria’s evolving democracy and a call for introspection among leaders and citizens alike. By documenting his experiences, Babangida has provided a resource for scholars, policymakers, and future generations who seek to understand Nigeria’s political evolution.
Conclusion
The launch of A Journey in Service was a momentous occasion, not just for General Babangida but for Nigeria as a whole. It was an opportunity to reflect on the past, draw lessons for the present, and inspire conversations about the nation’s future.
As Nigeria continues to navigate its path towards sustainable democracy and economic stability, Babangida’s autobiography serves as both a historical record and a thought-provoking narrative on leadership, service, and the complexities of governance. Whether viewed as a redemption story or a political manifesto, A Journey in Service has undoubtedly cemented its place in the annals of Nigerian history.
EVENTS & ANNOUNCEMENTS
Preview of General Babangida’s Autobiography Launch: Leadership, Controversy, and National Reflection
Published
1 month agoon
February 13, 2025By
Editor
B.Y. Muhammad
On February 20, 2025, General Ibrahim Badamasi Babangida (IBB), Nigeria’s eighth Head of State (1985–1993), will unveil his much-anticipated autobiography, A Journey in Service. Given the profound and lasting impact of his leadership on Nigeria’s political and economic trajectory, the book is poised to reignite discussions on his legacy—both as a visionary reformist and as a statesman in the nation’s history.
For decades, Babangida’s rule has been the subject of intense debate. To his supporters, he was a leader with a grand vision for Nigeria—one who pursued economic liberalization, modernized governance structures, and introduced political reforms aimed at transitioning the country to democracy. To his critics, he remains a symbol of economic hardship, unfulfilled promises, and political maneuvering that culminated in the controversial annulment of the June 12, 1993, presidential election.
With A Journey in Service, Babangida now has the opportunity to present his own narrative, offering insights into the defining moments of his rule and their implications for Nigeria today.
IBB’s Leadership: Reformist Vision or Legacy of Controversy?
Babangida’s rise to power in 1985 came at a critical juncture in Nigeria’s history. The country was grappling with economic difficulties under General Muhammadu Buhari’s military regime. Babangida, known for his strategic thinking and diplomatic acumen, assumed leadership through a bloodless coup, pledging a more inclusive and economically viable government.
His administration, spanning 1985 to 1993, was deeply personal in many sense. He had carefully planned its course, executing policies aimed at fostering a modern, egalitarian economy and a functional democratic polity. Under his leadership, Nigeria witnessed significant transformations in political, social, and economic spheres. However, the failure of his transition to civil rule program overshadowed his other well-intentioned reforms, leading to widespread criticisms. Ultimately, his leadership is often judged in totality—his successes credited to him, and his failures solely attributed to his personal decisions and policies.
The Challenges of Governance and Political Reform
Despite his meticulously crafted plans, Babangida’s administration often had to adapt to shifting political realities. His leadership style was marked by flexibility; while his ultimate goals remained constant, his methods evolved in response to national and international circumstances. A prime example was his approach to economic and political reforms.
Upon assuming office, Babangida prioritized restructuring Nigeria’s socio-economic and political institutions. His government introduced two major reform pillars: the Structural Adjustment Program (SAP)—a set of economic policies recommended by the International Monetary Fund (IMF) and the World Bank to reduce Nigeria’s dependence on oil and transition to a free-market economy—and the Transition to Civil Rule Program.
Rather than imposing his will, Babangida encouraged public debate and intellectual discourse. The Political Bureau, established to chart a new political course for Nigeria, recommended the creation of a two-party system to address chronic political instability. However, rather than fostering issue-based politics, political associations quickly devolved into factional conflicts over party offices and government positions. In response, Babangida dissolved the emerging parties and created two government-sponsored parties—the Social Democratic Party (SDP) and the National Republican Convention (NRC). Unfortunately, the inability of the political class to adhere to this new system led to a series of election nullifications, culminating in the annulment of the June 12, 1993, presidential election.
Debunking Myths: The Transition and June 12 Controversy
Contrary to popular belief, Babangida did not design the transition process to extend his tenure or orchestrate personal succession. He argued that the political guidelines were clear and achievable, emphasizing that the process required hard work and dedication. However, he observed that Nigerian politics had long been dominated by powerful elites rather than driven by ideals or the interests of the masses. This clashed with his vision of a reformed political order.
Had the political class embraced his expectations, the two-party structure might have thrived, and Nigeria’s democratic transition might have unfolded differently. Instead, shifting circumstances forced Babangida to adjust his strategies, leading to controversial decisions, including the establishment of an Interim National Government to oversee the final phase of the transition.
Economic Policies and Structural Adjustments
Babangida’s administration prioritized economic recovery through pragmatic collaboration with the global financial system. His economic policies focused on:
- Establishing a realistic external value for the Naira through a foreign exchange market.
- Stimulating domestic agricultural and industrial production, including non-oil exports.
- Rationalizing tariffs to protect local industries while fostering industrial growth and diversification.
- Moving towards trade and payment liberalization while reducing bureaucratic controls.
While these policies aimed at stabilizing Nigeria’s economy, the SAP introduced severe economic hardships, particularly for the lower and middle classes, leading to widespread dissatisfaction.
The Military as an Instrument of Power
As a career military officer, Babangida viewed the military as a disciplined instrument of governance. His leadership philosophy emphasized control, adaptability, and strategic maneuvering. Unlike his predecessors, who often stumbled into power, Babangida entered office with a clear vision, having served under both the Murtala/Obasanjo regime (1976–1979) and the Buhari regime (1983–1985).
This experience shaped his belief that governance was too critical to be left solely in the hands of generals, ministers, or political operatives. He maintained tight control over policy direction, ensuring that he remained at the helm of decision-making throughout his administration.
There is a rumour that when he came to power in 1985, Babangida told his colleagues in the AFRC that he wanted to be designated as “President”, instead of the traditional “head of state” common under military regimes. Few, if any suspected that the type of president he wanted was not the contemptible ceremonial and lame-duck type, but the type of president who would dominate not only his immediate environment – AFRC and the military – but the external environment – the entire country, if not the entire West African sub-region.
Those who could see – it is plain some did see-thought that being a president in a military regime would be a limitation to Babangida’s powers, and would be an opportunity and added responsibility for them to be running the major affairs of the state on his behalf. How fatal it would be to let such men prescribe strategy!! It was thus essential for him to control strategy, as it had been to control policy. By assuming to himself the position of President and Commander-in-Chief of the Armed Forces, he created a powerful presidency unparalleled in the history of Nigeria with various specialized agencies and extra-ministerial departments, staffed by carefully chosen supporters and critics alike. It was through this powerful machinery of the presidency that he applied his ideas and controlled his policies throughout his reign.
The presidential machinery was necessary for him if he was to realize his ultimate ambition to re-construct Nigeria, politically, socially and economically. Such an ambition could be a very serious matter. It could not, Babangida believed, be left in the hands of his ministers to carry out unmonitored. Only him, he believed, had the qualities for such a herculean task; the vision, the combination of military and political will power. Therefore, he must personally supervise the whole program of genuine democratization of the polity and socio-economic reconstruction from beginning to end. Nor could it be left in the hands of his subordinates, his ministers and generals, who as careerists and academicians, and as professional soldiers disliked the prospects of great social and political upheavals, whose consequences could undermine, if not upturn their social and political class.
Indeed, to ban the political heavyweights of the first and second republics of Nigeria, serving and retired generals from politics; to devalue the over-valued Naira; to withdraw subsidies on petroleum products; to abolish the import license system, which hitherto was the monopoly of a privileged class; in short, to take bold political and economic measures were dangerous prospects which could alarm anybody. The violent Anti-SAP demonstrations, labour crises and bloody coup attempts during his reign were all consequences of the bold political and economic measures he implemented. To undertake or envisage such an ambitious program with confidence, one ought not to be a conservative general, but a reforming revolutionary and nationalist, able to command an obedient, if reluctant, nation; certainly, an IBB and Maradona.
A Legacy Open to Interpretation
General Babangida’s leadership remains one of the most complex and debated in Nigeria’s history. His economic and political reforms sought to modernize Nigeria, yet their long-term impact remains contentious. Supporters view him as a pragmatic leader who made difficult but necessary decisions, while critics see his tenure as one marked by policy inconsistencies and political miscalculations.
Perhaps, no Nigerian leader has attempted so much in a short time as Babangida did; certainly, no Nigerian leader has adversely or positively altered the lives of so many as he did; and no Nigerian leader has inspired widespread adoration and has become the hope and ideal of millions as Babangida. Today, among his faithful followers, he is the national hero; to his opponents he is the evil genius.
To achieve what he did, Babangida needed – and possessed – talents out of the ordinary, which in sum amounted to political genius. His mastery of the irrational factors in politics, his insight into the weakness of his opponents, his gift for simplification, his sense of timing, his willingness to take risks, left nobody in doubt. Showing both consistency and an astonishing power of will in pursuing his aims, he retained an unshaken belief in his historic role in Nigeria’s development.
The fact that his transition failed to give birth to a democratically elected government in 1993 that would have “obviated the need for any further military intervention in the political life” of Nigeria, does not by itself detract from Babangida’s greatness. The Babangida administration, like the great revolutions of the past, whatever its ultimate fate, has been identified with the release of certain powerful ideas in Nigeria.
His mission was to destroy the old socio political and economic order of Nigeria, and reconstruct in its place a modern and progressive one, the mission he has never ceased to believe in; and in this, the most deeply felt of his purposes, he did not fail. It remains a fact that regimes, either democratic or military may come and go, certainly, the pre -1985 Nigeria has gone forever. The emphasis which the various Nigerian regimes in succession has placed on reforms, privatization and the deregulation of the Nigerian economy as the only solution to the country’s present economic problems bear testimony to this fact.
With the launch of A Journey in Service, Babangida presents his own account, offering a firsthand perspective on the motivations behind his decisions, the challenges he faced, and his reflections on Nigeria’s trajectory. The book is expected to spark renewed discussions on his role in shaping modern Nigeria, providing a platform for both admirers and detractors to reassess his legacy.
As history continues to evaluate his contributions, A Journey in Service serves as Babangida’s definitive narrative—an opportunity for national reflection on leadership, governance, and the enduring impact of political decisions on Nigeria’s future.
To this day, the annulment of June 12 remains a key point of contention in Nigeria’s democratic history. Critics argue that IBB denied Nigeria a historic opportunity for democratic stability, while some believe he acted under external and internal pressures beyond his control. The question remains: Will A Journey in Service provide the long-awaited answers to this defining moment?
Why A Journey in Service Matters
Few leaders in Nigeria’s history have left as profound an imprint as General Ibrahim Badamasi Babangida (IBB). A soldier, statesman, and strategist, Babangida’s tenure as Nigeria’s Military President (1985–1993) was marked by bold economic reforms, ambitious political experiments, and far-reaching security strategies. His leadership was as transformative as it was controversial, shaping the trajectory of Nigeria’s modern history in ways that continue to reverberate today.
A Journey in Service offers an unfiltered and deeply personal insight into the life and times of one of Africa’s most enigmatic leaders. From his early days in Minna to his rise through the ranks of the Nigerian military, Babangida recounts the battles he fought—both on the battlefield and within the corridors of power. He reflects on the strategic decisions that defined his administration, including the introduction of the Structural Adjustment Program (SAP), the transition to a Third Republic, and the annulment of the historic June 12, 1993, presidential election—a decision that remains one of the most debated in Nigeria’s political history.
Beyond politics, this book delves into the philosophy that guided Babangida’s leadership, his vision for Nigeria, and his role in shaping regional security, including the establishment of the Economic Community of West African States Monitoring Group (ECOMOG). He also speaks candidly about the friendships, betrayals, and alliances that influenced his journey.
More than a memoir, this autobiography is a historical document that provides firsthand accounts of the defining moments in Nigeria’s post-independence evolution. For scholars, political analysts, and history enthusiasts, this book is an essential read—an opportunity to understand the man behind the legend and the legacy he leaves behind.
With President Bola Ahmed Tinubu attending the launch as the special guest of honor, and former President Olusegun Obasanjo chairing the event, the book launch itself will be a gathering of key figures in Nigeria’s political history. The presence of former leaders like Goodluck Jonathan, Muhammadu Buhari, and Ghana’s Nana Akufo-Addo also signals the broader significance of this moment beyond Nigeria.
This is not just about a book—it is about revisiting Nigeria’s past, with implications for its present and future.
A Nation at a Crossroads: Lessons from IBB’s Era
Nigeria today faces economic struggles, governance challenges, and democratic uncertainties. Some of the very issues that defined IBB’s leadership—economic reforms, military-civilian transitions, and political stability—are still at the forefront of national discourse.
As the country prepares to engage with Babangida’s reflections, the real question is: What can Nigeria learn from its past to navigate its future?
Whether one sees IBB as a visionary leader, a shrewd strategist, or a controversial figure, his memoir is bound to reignite discussions that have shaped Nigeria for decades. His leadership may be debated, but it cannot be ignored.
It is clear that the IBB era stands out as distinctive in Nigeria’s national history in terms of the decisive departure it made in the direction of national policy and orientation. It was the currents unleashed in that era that have largely determined the subsequent course of Nigerian history in the succeeding periods.
As Mr Audu Ogbe rightly observed in an interview published in the Sunday Times of 26th August, 1990, p 17 ……history may find Babangida an enigma too difficult to unravel, a political manual apparently simple to read, but difficult to comprehend, a political event which profoundly touched every Nigerian’s life for joy or pain.
B.Y. Muhammad is the President of the Africa Islamic Economic Forum, Ghana.
EVENTS & ANNOUNCEMENTS
AFRIEF and ADFIMI to Host High-Level Virtual Dialogue on Leveraging Development Finance Institutions for Sustainable Economic Growth in ISDB Member Countries
Published
2 months agoon
January 30, 2025By
EditorThe Africa Islamic Economic Forum (AFRIEF), in collaboration with the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), is set to host a high-level virtual dialogue titled Leveraging Development Finance Institutions for Sustainable Economic Growth in ISDB Member Countries on March 6, 2025, under the theme: Catalyzing Sustainable Development in Africa: The Strategic Role of Development Finance Institutions in ISDB Member Countries.
This critical forum will bring together policymakers, development finance practitioners, and private-sector leaders to explore how Development Finance Institutions (DFIs) can drive sustainable economic growth across ISDB member countries, particularly in Africa. DFIs are uniquely positioned to mobilize resources, support high-impact projects, and foster innovative financing mechanisms to address critical economic challenges.
Key Objectives of the Event
The virtual dialogue will focus on:
- Clarifying the Role of DFIs: Identifying key sectors such as agriculture, healthcare, education, and renewable energy where DFIs can play a transformative role.
- Showcasing Best Practices: Presenting successful case studies and innovative approaches from DFIs in ISDB member countries.
- Enhancing Collaboration: Strengthening synergies among DFIs, governments, private-sector stakeholders, and philanthropic organizations.
- Innovating Financing Models: Exploring blended finance strategies, Sukuk bonds, and other Islamic finance instruments to accelerate development.
- Promoting Inclusivity: Ensuring financial access for marginalized groups, particularly women and youth.
Expected Outcomes
The event aims to deliver:
- A Collaboration Framework to strengthen partnerships among DFIs, IDB member countries, and other stakeholders.
- Innovative Financing Recommendations to address Africa’s sustainable development challenges.
- Policy Recommendations to enhance the regulatory and operational environment for DFIs.
- Strategic Alliances between DFIs, governments, and the private sector to drive economic transformation.
- An Outcome Document summarizing key insights, recommendations, and a roadmap for strengthening DFIs in ISDB member countries.
Program Highlights
The three-hour event will feature a keynote address by the Secretary-General of ADFIMI, a high-level panel discussion on Strategic Synergies for Sustainable Growth, and focused dialogues on Empowering Women and Youth through DFI Interventions and Green Financing and Climate Resilience.
Why This Event Matters
Africa, home to many ISDB member countries, possesses vast potential but faces critical challenges, including inadequate infrastructure, underdeveloped industries, and limited access to finance for small and medium-sized enterprises (SMEs). This event will provide a strategic platform to drive solutions that harness the full potential of DFIs to catalyze sustainable economic growth.
Registration & Participation
This virtual dialogue is open to policymakers, financial institutions, business leaders, and development experts interested in shaping the future of development financing in ISDB member countries. Interested participants can register here.
For media inquiries, partnerships, or further information, please contact: Hussain Yaqub, Event Coordinator, info@afrief.org

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