Showing posts with label African Development Bank in Dakar. Show all posts
Showing posts with label African Development Bank in Dakar. Show all posts

Wednesday, September 13, 2023

How Nigeria Can Break From The Poverty Trap

 By Banji Oyelaran-Oyeyinka

The SDGs, among others seek to reduce poverty, improve access to health care and education, mitigate the effects of climate change and attain food security by 2030. We are not meeting the key Goals.

Africa is unable to feed itself. We found during COVID-19 that we cannot produce a large percentage of drugs we need. The region relies on imports for food and will remain so unless there is an urgent paradigmatic shift in the structures of African economies. Food imports cost Africa US$55 billion a year but this could double to $110 billion by 2030. Many African cities will double in size by 2050, increasing demand for food and other infrastructure and services.