African Economic Conference closes with call for Agriculture to be at the centre of Africa’s development
AfDB President, Akinwumi Adesina gave a keynote speech in which he underscored the fact that agriculture, which contributes over 28% of Africa's GDP, holds the key for accelerated growth, diversification and job creation for African economies and its people.
"Agriculture provides the basic raw materials needed for industrial development. Food accounts for the highest share of consumer price index and providing cheap food is critical for taming inflation. When inflation is low, interest rates decline and it brings greater private sector investments. A more productive, efficient and competitive agriculture sector is critical for boosting rural economies, where the majority of the population live in Africa," Adesina said. "The future of Africa depends on agriculture."
Illustration Photo: Tilling fields in Nigeria (Credit: Yosef Hadar / World Bank / Flickr CC BY-NC-ND 2.0) https://adalidda.net/posts/bFTy3MrhxFvyPoMds/african-economic-conference-closes-with-call-for-agriculture