PEOPLES GAZETTE
Nigeria and other African countries must consistently maintain a seven per cent growth rate for the next four to five decades to eradicate poverty and reach high-income status.
The African Development Bank (AfDB) Group president, Akinwumi Adesina, said this while speaking on the Key Action to Achieving Inclusive Growth and Sustainable Development in Africa at the ongoing 2023 AfDB Annual Meetings in Sharm El Sheikh, Egypt.
According to him, the need for accelerating growth to improve living standards and achieve the UN Sustainable Development Goals(SDGs) and the African Union Agenda 2023 is clear.
Mr Adesina said although achieving this goal might be difficult, it was possible for the continent.
On the AfDB outlook report, he said the average gross domestic product (GDP) growth for the continent slowed from 4.8 per cent in 2021 to 3.8 per cent in 2022.
“And this decline is across the board. 31 out of 54 countries in Africa hosted weaker growth rate…
