Khartoum — beleaguered President, Omar al-Bashir, and his administration to leave office in the wake of rising anti-government protests.
The British-based telecommunications pioneer (aged 72) is the first high-profile figure to urge the longtime leader to vacate his position.
He blamed the government of al-Bashir (75) of the economic crisis that has triggered nationwide demonstrations.
"70 percent of the budget [in Sudan] is spent on security, armed forces and militias. It is no wonder that the country is going backwards. To be able to manage to buy food - even bread - has become difficult," said the founder and chairman of the Mo Ibrahim Foundation.
"The message is clear... they [government] have been rejected now, completely rejected by the people. This is everywhere, in all the towns in Sudan people are coming out and saying: enough is enough."
Ibrahim recommended that a transitional government assumes leadership of the North African country.
"Please, accept a peaceful transition of power and go in peace," he stated.
The Mo Ibrahim Foundation was established in 2006 with a focus on the critical importance of leadership and governance in Africa.
Its formation coincided with problems afflicting his country of birth.
In power since a coup in 1989, Bashir is accused of presiding over a government that has wrecked Sudan's economy.
Security forces have killed at least 40 people have been killed in the latest protests.
Al-Bashir this week insisted he would not quit.