Nigeria’s and other West African countries’ growth rates are projected to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025.
AfDB has reiterated the need for efficient and effective governance to enable Africa to achieve transformation.
Africans must stand together to mobilise and efficiently manage the resources required to enhance productivity and create wealth in Africa for Africans.
Stakeholders have called on Africans to think, produce and consume goods produced on the continent to promote African growth and development.
“Nigeria ranks fourth among African countries with large numbers of diasporans outside the continent…the extra-continental Nigerian diaspora has tripled in two decades.”
Africa has been losing five to 15 per cent of its Gross Domestic Product (GDP) per capita growth to climate change and its related impacts.
