Saturday, June 15, 2024
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Resource-rich Africa has no excuse to remain poor, says African Development Bank president

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With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be poor, African Development Bank Group President Dr Akinwumi Adesina said on Tuesday.

He said the continent must look inward urgently to solve its many challenges and urged citizens to hold governments accountable for poverty.  

The Bank President made the call in Lagos where he delivered a lecture to mark the 40th anniversary of The Guardian, Nigeria’s foremost independent newspaper. The lecture was held under the theme, For the World to Respect Africa.

Adesina, who won The Guardian’s ‘Man of the Year’ Award in 2021, stressed that Africa should not be where it is today and urged its resource-rich nations to strengthen good governance, transparency, accountability, and sound management policies to turn things around.

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