Inside Business Africa INSIDE BUSINESS AFRICA AUGUST 16 2017 1cdr - Page 3

I N S I D E B U S I N E S S People July 16 - 30, 2017 p q On the world stage as a performer Why Nigeria’s Akinwunmi Adesina won 2017 World Food Prize E x-Nigerian minister wins prestigious $250,000 World Food PrizeEx-Nigerian minister wins prestigious $250,000 World Food PrizeNigerian Minister, Adesina, elected President of African Dev. Bank Mr. Adesina’s ambition to head the body was supported by President Goodluck Jonathan and the incoming president, Muhammadu Buhari. Buhari lobbies ECOWAS to back Agric Minister, Adesina, for ADB PresidentBuhari lobbies ECOWAS to back Agric Minister, Adesina, for ADB PresidentDangote will be world’s largest rice exporter in 5 years - AfDB PresidentDangote will be world’s largest rice exporter in 5 years - AfDB WEBSITE PresidentOsinbajo, Gowon to discuss food security at IITA anniversaryOsinbajo, Gowon to discuss food security at IITA anniversary The World Food Prize Foundation has explained why Akinwumi Adesina won the $250,000 2017 World Food Prize Laureate prize on Monday. The President of the Foundation, Kenneth Quinn, said Mr. Adesina won the prize “for driving change in African agriculture for over 25 years and improving food security for millions across the continent”. Mr. Adesina, President of the African Development Bank, AfDB, was announced on Monday as the 2017 World Food Prize Laureate at a ceremony at the U.S. Department of Agriculture in Washington, D.C. Mr. Quinn explained that the selection of Nigeria’s former Minister of Agriculture for the prize also “reflected both his breakthrough achievements as Minister of Agriculture of Nigeria”. He said Mr. Adesina “led a major expansion of commercial bank lending to farmers as Vice President of Alliance for a Green Revolution in Africa (AGRA) and as Minister of Agriculture in Nigeria, introduced the E-Wallet system”. Mr. Adesina also “introduced initiatives to exponentially increase the availability of credit for smallholder farmers across the African continent and galvanized the political will to transform African agriculture,” he said. He said Mr. Adesina “grew up in poverty himself ” and embarked on a journey to use his academic training to In “lift up millions of people out of poverty, especially farmers in rural Africa”. He explained that “as Nigeria’s Minister of Agriculture from 2011 to 2015, Adesina successfully transformed his country’s agriculture sector through bold reforms”. Mr. Quinn said the bold reforms included creating programmes to make 46 u t q Nigeria self-sufficient in rice production, and to make cassava become a major cash crop. He pointed out that in 2006, as Associate Director for Food Security at the Rockefeller Foundation, Mr. Adesina played a critical leadership role in organising the Africa Fertilizer Summit in Abuja. He said the summit was described as absolutely essential in igniting the campaign to spread a new Green Revolution across Africa, which led to the creation of AGRA. “Our Laureate next played a leadership role in the development of AGRA, during which he led the effort to exponentially expand commercial credit for the agricultural sector and for farmers across the continent. “And then, as Minister of Agriculture of his home country Nigeria, our Laureate introduced the E-Wallet system which broke the back of the corrupt elements that had controlled the fertilizer distribution system for 40 years. “The reforms he implemented increased food production by 21 million metric tonnes and attracted 5.6 billion dollars in private sector investments, thus earning him the reputation as the ‘Farmer’s Minister’.” Mr. Quinn said as the first person from agriculture to ever lead a regional development bank, Adesina’s receiving the Laureate Prize would give impetus in the coming decade to his profound vision. Mr. Adesina is also the 46th person and the sixth African to win the World Food Prize. Mr. Quinn commended Nigeria’s representation at the event to announce the winner of the Laureate Prize, won by a distinguished Nigeria. “I am so pleased that Chargé d’Affaires Hakeem Balogun could be here for this announcement,” he said. A former Minister of Finance, Ngozi Okonjo-Iweala, was also present at the occasion, as well as U.S. Secretary of Ag riculture Sonny Perdue, Cong ressmen, Ambassadors and members of the diplomatic corps. Mr. Adesina will be presented the $250,000 prize and Laureate sculpture at a ceremony at the Iowa State Capitol on October 19. From the Publisher Publisher/CEO, Kenneth Odusola-Stev enson Editorial Board Kenneth Odusola-Stevenson Publisher/Managing Editor Onii Nwangwu-Stevenson Founding Edito-In-Chief Business Development & Marketing Kunle Odusola-Stevenson Executive Director/COO Bayo Adebayo-Egbayelo Head, Special Projects Brand Development and Strategy, Afamefuna Odusola-Stevenson Editorial Cathy Afolabi SNR. Principal Correspondent Reporter/Researcher, Christopher Tolu; Elizabeth Ajayi Reporer, Odunayo Oladimej, Marketing & Business Development Assistant Manager, Marketing & Business Development Executive, Festus Oseji SNR Marketing & Business Dev. Executive, Nelson Tuedor Judith Ngozi Ehirim Marketing & Business Dev. Officers, Jane Omontuemhen; Chris Tolu Oluwatoyin Ayeni Administrative/Business Support IT/ICT Executive, Chinonye Ikebaku SA to CEO, Tammy Renee Stevenson HR/Account, Susan Nwosu Secretary, Hope Nwaodor Office Assistant, Deborah Simeon Production/Studio SNR CameraMan, Muyiwa Idowu Cameraman, Fatai Obanoyen Video/Non Linear Editor, Gafar Shokunbi Transportation, Felix Ojajuni ISSN116-074 Published by Century 21 Systems Communications Ltd Editorial/Advertising Office: 14, Shofidiya Close, Off Ilesanmi Street, Masha, Surulere, Lagos, Nigeria Tel: 234 805 5243 516 E-mail:insidebusinessafrica@yahoo.com www.insidebusinessafricang.com Copywright All rights reserved No Part of this publication my be reproduced, stored in a retrieval system or transmitted in any form or any electronics, mechanical, photocopy, recording or otherwise without the approval of the publisher THE MAGAZINE OF THE CORPORATE WORLD January 8 - 15, 2017 www.insidebusinessafricang.com I thought I should share this article with you since the cover story of this edition reflect on the success of another personality to waited and struggle but succeeded - Sri Lohia, Chairman, Indorama The value of struggle as key to success W hile growing up, I wasn’t the brightest student and had some language and speech issues – for example, I thought the letter “R” and “W” were the same and could be used interchangeably. My parents encouraged me to toil in school. They supported me yet never helped with homework or class projects. Education was about hard work, exertion and trials. If I didn’t understand something, they quietly reassured me that struggle was good. Likewise, when working on the farm, they expected me to make mistakes. Dad always gave me jobs I was not expected do quickly or easily. I had to learn the hard way. Pain and effort went hand in hand with success. Since I could not control nature and the weather, the best I could do was learn from my gaffes. Numerous examples of my blunders included sloppy pruning, skipping small weeds that became giant ones, picking fruit a day or two too late – need I say more? Struggle was expected and encouraged. Errors were mostly tolerated. I was never supposed to do it right the first time. I was allowed to learn from misfortune. I believe this came from a blend of rural agrarian traditions, Asian upbringing and an immigrant “pull yourself up by the bootstraps” maxim. How much of this was myth? I now question if life was that simple: You work hard, accept defeat and then grow. Our modern world doesn’t seem to accept struggle – we want simply to win. I see this in sports. We celebrate victories and winners and cast aside losers. We reward making home runs, baskets, touchdowns, kills and goals. First place is remembered, not second or third. Victory is determined by the outcome, not practice. Effort seems to be lost. Yet one study examined American vs. Japanese classrooms. In Japan, problems were presented and if a student didn’t solve it, they were allowed to make numerous attempts. Meanwhile, the typical American student tried and if they didn’t get the solution quickly, they gave up. I grew up in a home where struggle was predictable, part of the maturing process. Everyone was expected to have setbacks, and persistence was remunerated. The Japanese terms “gaman” (endure) and “giri” (obligation) come to mind. Today we have a perception that people who are smart don’t struggle. Confusion is seen as an indication of weakness. People who labor are slow, they “don’t get it.” Success is not equated with endurance and tenacity. I GREW UP IN A HOME WHERE STRUGGLE WAS PREDICTABLE, PART OF THE MATURING PROCESS. EVERYONE WAS EXPECTED TO HAVE SETBACKS, AND PERSISTENCE WAS REMUNERATED. Consider the new Common Core standards in education that value thinking and problem- solving. Students are encouraged to research, analyze and reason. Are we instilling a new attitude: Struggle is something natural and predictable because individuals learn differently? It’s sometimes called the modern learning paradox. The more you struggle while trying to grasp new information, the more you will understand and be able to recall later. Instead of discarding what you need to know, if you’re allowed to play with missteps, then in the end you will retain more and master tasks. Perhaps this is where the intersection of the arts and education combine to promote innovation. Process and practice matter, more like an artist than today’s athlete. You work not to win but to simply get better. Creativity is born from contemplation and inspiration – you struggle in thought, challenge yourself to examine things from novel perspectives, then reach conclusions with emboldened ideas. Perhaps my parents were right. Hard work can pay off. Intelligence may lie in how you think and reason. Valuing struggle may be the key to success. And it’s the journey that matters, not the end. By David Mas Masumoto, an organic farmer near Fresno and award-winning author of books, including “Epitaph for a Peach.” 3 u t q