African Development Bank President, Bemoans Nigeria’s Poverty Situation

LAGOS JULY 11TH (NEWSRANGERS)-The President of the African Development Bank, Dr. Akinwumi Adesina, says that Nigerians deserve wealth, rather than poverty.

He stated that, for all the abundant wealth of natural resources, Nigeria’s poverty situation is unacceptable.

Noting that “there are way too many poor people in Nigeria,” he warned that there should not be a Nigeria for the rich, and another for the poor.

He lamented that 38.5 percent of Nigerian youths are unemployed, “lacking skills, economic opportunities, discouraged, angry and restless,” adding, “they look at a future that does not give them hope.”

Adesina made the remarks on Saturday in the convocation lecture he delivered at the American University of Nigeria, Yola, Adamawa State.

He stated that Nigerians deserve wealth, not poverty. He also counseled the nation to learn how to manage its diversity for prosperity.

While urging the government to prioritise investing in youth, he noted that “poverty is not just about money.”

He stated, “I speak to you today as a Nigerian. As I have quite often said, I will live as a Nigerian, die as a Nigerian, and on the resurrection morning, I will ask God for permission to rise as a Nigerian, with the green-white-green flag in my hand!

“Nigeria is blessed with incredibly rich diversity: of people, of cultures, of religions, of mineral resources, oil, and gas, amazingly rich biodiversity, that should make us the envy of the world. We are blessed with abundantly diverse agro-ecologies that should also make us a land of bountiful harvests with capacity to feed Africa.

“We are a religious nation, so we should understand that God loves diversity. The diversity of rich and brilliant colours that we see in our forests, oceans, seas, and in flora and fauna, reflect the beauty of the Creator. Therefore, our diversity is not our problem.

“Diversity is our strength. But when mismanaged, diversity becomes divergence. Rather than unite, we become splintered, with each entity believing that, somehow, it is better without the other. We must manage diversity for collective good.

“Nigeria must start managing its diversity for prosperity. We must drive for national cohesion, not ethnic nationalities. We must address the fundamental reasons for agitations, by listening, understanding, removing prejudices and allowing for open, national dialogues, without preconditions, but with one goal: build one cohesive, united, fair, just and equitable nation for all, not for a few or for any section of the nation or religion.

“Nigerians deserve wealth, not poverty. For all the abundant wealth of natural resources, Nigeria’s poverty situation is unacceptable. Today, sadly, there are way too many poor people in Nigeria. The Government is implementing bold social programmess to reduce the number of poor, through interventionist programmes, but the fact of the matter is poverty is not just about money.”

Adesina counselled that there should not be a Nigeria for the rich and another Nigeria for the poor, adding that every citizen has the right to a decent life.


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Posted by on Jul 11 2021. Filed under Business, National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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