The Japan Times - Romuald Wadagni, from economic reformer to presidential palace

EUR -
AED 4.193161
AFN 73.073718
ALL 94.138849
AMD 419.575587
ANG 2.044236
AOA 1047.582358
ARS 1691.189375
AUD 1.660896
AWG 2.055194
AZN 1.941446
BAM 1.954754
BBD 2.295772
BDT 140.484861
BGN 1.930604
BHD 0.429774
BIF 3391.115941
BMD 1.141774
BND 1.474424
BOB 7.893778
BRL 5.92444
BSD 1.13989
BTN 107.706393
BWP 15.490715
BYN 3.305732
BYR 22378.776576
BZD 2.292474
CAD 1.623232
CDF 2597.536421
CHF 0.922428
CLF 0.026755
CLP 1053.012399
CNY 7.757158
CNH 7.765464
COP 3933.412515
CRC 517.027993
CUC 1.141774
CUP 30.257019
CVE 110.206056
CZK 24.247233
DJF 202.981434
DKK 7.474454
DOP 67.784339
DZD 151.962952
EGP 56.174356
ERN 17.126615
ETB 181.485248
FJD 2.566994
FKP 0.865302
GBP 0.861623
GEL 3.014363
GGP 0.865302
GHS 12.892105
GIP 0.865302
GMD 83.913975
GNF 9992.74284
GTQ 8.696349
GYD 238.432473
HKD 8.952139
HNL 30.50857
HRK 7.532053
HTG 148.981621
HUF 353.999702
IDR 20464.021049
ILS 3.411108
IMP 0.865302
INR 108.229757
IQD 1496.29524
IRR 1571081.457826
ISK 144.000278
JEP 0.865302
JMD 179.484002
JOD 0.80956
JPY 184.911459
KES 147.83728
KGS 99.848573
KHR 4578.515147
KMF 493.246501
KPW 1027.597283
KRW 1766.102258
KWD 0.353459
KYD 0.949892
KZT 553.443987
LAK 25565.32623
LBP 102073.805207
LKR 383.275003
LRD 207.449045
LSL 18.748189
LTL 3.371363
LVL 0.690648
LYD 7.323083
MAD 10.715585
MDL 20.147224
MGA 4850.405731
MKD 61.625518
MMK 2397.32604
MNT 4087.469212
MOP 9.208075
MRU 45.842385
MUR 53.936843
MVR 17.651743
MWK 1983.261748
MXN 19.956582
MYR 4.63572
MZN 72.902063
NAD 18.747865
NGN 1575.819726
NIO 41.947931
NOK 11.346799
NPR 172.329828
NZD 2.022031
OMR 0.439001
PAB 1.13989
PEN 3.89683
PGK 5.004367
PHP 69.791523
PKR 316.96457
PLN 4.288561
PYG 6941.28741
QAR 4.162336
RON 5.241909
RSD 117.367569
RUB 87.917037
RWF 1673.305023
SAR 4.287701
SBD 9.208456
SCR 15.322575
SDG 685.631614
SEK 11.095449
SGD 1.476434
SHP 0.85245
SLE 28.316491
SLL 23942.440684
SOS 652.525787
SRD 42.810257
STD 23632.423089
STN 24.487117
SVC 9.973666
SYP 126.20271
SZL 18.842173
THB 38.00339
TJS 10.566448
TMT 4.007628
TND 3.363953
TOP 2.749119
TRY 53.263204
TTD 7.748855
TWD 36.400795
TZS 2997.161032
UAH 51.156838
UGX 4177.765497
USD 1.141774
UYU 45.86587
UZS 13737.652333
VES 710.461668
VND 30017.246744
VUV 136.075843
WST 3.175141
XAF 655.606345
XAG 0.01962
XAU 0.000285
XCD 3.085702
XCG 2.054301
XDR 0.815364
XOF 655.606345
XPF 119.331742
YER 272.425469
ZAR 18.776992
ZMK 10277.333557
ZMW 20.636962
ZWL 367.650864
  • RBGPF

    0.2000

    61.5

    +0.33%

  • CMSC

    0.1300

    22.06

    +0.59%

  • RYCEF

    0.0000

    18.75

    0%

  • BCC

    -1.7600

    79.26

    -2.22%

  • RELX

    -0.0500

    31.29

    -0.16%

  • RIO

    0.5500

    94.29

    +0.58%

  • BCE

    -0.6600

    22.26

    -2.96%

  • NGG

    0.7500

    83.76

    +0.9%

  • VOD

    -0.2000

    13.69

    -1.46%

  • GSK

    0.3100

    52.81

    +0.59%

  • CMSD

    0.1300

    21.9

    +0.59%

  • BTI

    -0.0200

    62.74

    -0.03%

  • JRI

    0.0700

    12.86

    +0.54%

  • AZN

    2.5400

    190.95

    +1.33%

  • BP

    0.2200

    37.35

    +0.59%

Romuald Wadagni, from economic reformer to presidential palace
Romuald Wadagni, from economic reformer to presidential palace / Photo: OLYMPIA DE MAISMONT - AFP

Romuald Wadagni, from economic reformer to presidential palace

For a decade, Benin's new president Romuald Wadagni has been the behind-the-scenes architect of sweeping economic reforms that have led to one of the strongest growth rates in west Africa.

Text size:

But the 49-year-old technocrat, who had rarely appeared in the media, was catapulted to the forefront of an election campaign as the anointed successor of President Patrice Talon.

From the airport lounge to roundabouts dotting Benin's economic capital Cotonou, images of his smiling face framed by his round glasses have been prominent for weeks.

At times holding up to six rallies a day, Wadagni has campaigned across the country, talking and mingling with voters, in the first election in which he has ever stood.

Adopting a more casual style, ditching a tie and suit, he has delivered speech after speech without notes, sweeping through topics as if trying to break free of the image of a dyed‑in‑the‑wool economist.

"During this campaign, he showed his true colours; he has a personality that's close to the people, that’s his true nature," one of his allies said.

Wadagni comes from a family of intellectuals. His father was an economist and his mother an entrepreneur.

Nicknamed "RoW" by supporters, he was born on June 20, 1976 in Lokossa in southwestern Benin, near the border with Togo.

He stresses that he has stayed close to his roots and likes to point out that he owns a farm. However, his formative years were spent far from Benin.

He studied finance in Grenoble, France and then moved to the United States to study at Harvard, before joining consulting firm Deloitte where he became a partner and handled African operations.

In April 2016, just before he turned 40, newly elected president Patrice Talon made him economic and finance minister, tasked with implementing ambitious reforms.

Under his tenure, Benin's public finances have been cleaned up, with the deficit cut by a third and brought down to three percent of GDP. Big infrastucture projects have been launched amid a drive to modernise the economy.

In 2021, when Talon won his second and last term permitted under the constitution, he kept Wadagni at the finance ministry, promoting him to minister of state.

- 'Continuity' -

With growth on track, averaging more than six percent over the decade, Wadagni and Benin won the backing of international investors.

As president "he will follow in the continuity of what has been done," political analyst Franck Kinninvo said.

But he faces much more than just ensuring economic development, as Benin battles jihadist violence in the north which has hit the army hard.

Allies say Wadagni has been involved in all Talon's security decisions in recent years and chose to hand over the baton to him.

For his campaign, he won the support of the two majority parties and even some opposition figures.

"He's someone who brings people together," an ally said.

Activist and supporter Lucien Fayomi said some people criticised Wadagni for being "relatively discreet politically".

"But that can also be a strength in a context where restraint and efficiency are valued," he said.

"For us, Wadagni represents a new generation of leadership, less about rhetoric and more about impact," Fayomi added.

On the diplomatic front, the new president -- who is elected for seven years, renewable once -- is also expected to maintain a policy of continuity.

He does not hide his close ties with France, the former colonial power that has become unpopular in west Africa.

But he plans to try to reopen dialogue with neighbouring Niger where the sovereignist military junta has been openly hostile to Benin.

Unclearer is whether Wadagni will maintain controls on public freedoms that under Talon has seen several opposition figures imprisoned and others flee into exile.

S.Ogawa--JT