Outgoing Nigerian president is seen as potential candidate for the prize which is more valuable than $1.3 million Nobel Peace Prize – Mo Ibrahim Prize.

There’s nothing more valuable than $1.3 million Nobel Peace Prize – except for The Ibrahim Prize for Achievement in African Leadership. This equivalent of Nobel Peace Prize for Africa is the world’s richest prize worth $ 5million plus additional annual $200,000 pension for life.

Prize for excellence in African leadership was established in 2007 by the Sudanese billionaire Mo Ibrahim and was supposed to be annual. However, four times for the years passed since that the award committee  simply couldn’t find a deserving winner from any of more than fifty African countries.

Mo Ibrahim prize committee members decided that in 2009, 2010, 2012 and 2013 there was not a single person across African continent matching the criteria listed publicly on the prize web-site.

Winner needs to be a democratically elected former African head of state, who has left office in last three years and demonstrated exceptional leadership. Only four people matched these criteria since 2007.

2007 – Joaquim Chissano from Mozambique for «leading Mozambique from conflict to peace and democracy”.

2008 – Festus Mogae from Botswana for “fighting HIV/AIDS pandemic threats to  the future of his country”.

2011 – Pedro Pires from Cabo Verde for “increasing democracy, stability and prosperity”.

2014 – Hifikepunye Pohamba from Namibia for “consolidating his country’s stability and prosperity and for forging national cohesion and reconciliation”.

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