Connect with us

News

2024 Africa Sustainable Development Report Highlights Urgent Need for Enhanced Financing, Reforms

Published

on

The United Nations Development Programme (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB) presented the 2024 Africa Sustainable Development Report (ASDR) at an event held on the margins of the UN High-Level Political Forum for Sustainable Development in New York. The report, titled “Reinforcing the 2030 Agenda and Agenda 2063 and Eradicating Poverty in Times of Multiple Crises: The Effective Delivery of Sustainable, Resilient and Innovative Solutions,” calls for scaled-up access to concessionary development financing, strengthened climate information and early warning systems, and economic reforms.

The report provides an in-depth review of African countries’ progress towards five sustainable development goals (SDGs) and their 32 targets to meet the 2030 Agenda and the African Union 2063 Agenda. The five SDGs under review are: ending poverty (Goal 1); eliminating hunger (Goal 2); combating climate change (Goal 13); promoting peaceful societies (Goal 16); and strengthening global partnerships (Goal 17).

Research indicates that Africa is on track to reach fewer than three of the 32 targets assessed in this report. Setbacks have been recorded for eight targets, with slow progress or status quo registered for the remaining targets.

“Advanced economies have rebounded from COVID-19, but many countries in Africa struggle with high debt, double-digit inflation, and limited access to crucial development and climate funding. Disparities in the Human Development Index are widening between top-ranking nations and those at the bottom, highlighting significant challenges across Africa despite some progress in recent decades,” said Claver Gatete, ECA Executive Secretary.

Official Development Assistance (ODA) to Africa increased by two percent in 2023, but the total ODA remains at 0.37 percent of donors’ combined Gross National Income, well below the 0.7 percent target agreed on by UN Member States. Given the short period remaining before the 2030 SDG deadline, most countries may fail to mobilize adequate resources to close their financing gap.

“African countries have made some significant progress in important areas, but we are running out of time,” stressed Matthias Naab, UNDP Africa Deputy Regional Director a.i. “It is imperative we reinforce partnerships and look at innovative solutions to stop the current deceleration—and even reversal in some areas—and work more closely with African countries and people to get back on track towards our Global Goals and the Africa We Want. This report provides a path to this critical acceleration.”

Africa has made strides in poverty reduction (Goal 1), despite setbacks from crises like COVID-19, which significantly increased poverty rates. In 2022, Africa accounted for more than half (54.8 percent) of people living in poverty worldwide. Efforts are underway to enhance social protection systems, currently covering only 17.4 percent of the population, though still below the global average. Access to drinking water has increased from 68.7 percent in 2015 to 72.9 percent, and basic sanitation services now reach 52 percent of the population, with ongoing efforts to meet global standards.

Efforts to combat hunger, undernourishment, and stunting (Goal 2) in Africa are crucial. Despite challenges, such as increased hunger affecting 281.6 million people in 2022, initiatives are underway to address these issues and need urgent support. Measures include improving agricultural investment and aid to enhance food security.

Africa has demonstrated remarkable resilience and commitment to addressing climate change (Goal 13). Efforts to enhance disaster risk reduction continue, though the number of countries having established national and local disaster risk reduction strategies remains at 29 out of 54 since 2015. Financing climate action in Africa is paramount; however, only $29.5 billion of the $2.8 trillion needed between 2020 and 2030 for African countries to implement their NDCs under the Paris Agreement has been mobilized.

“Financing remains a challenge for Africa. It needs between $118.2 billion and $145.5 billion per year to implement the continent’s climate action commitments and Nationally Determined Contributions. This requires development partners to scale up their support, including by strengthening the system of public development banks focusing on enhancing productive capacities, infrastructure, and human capital development. African countries must prioritize domestic resource mobilization through reforms such as digitizing tax administration systems, implementing progressive taxation, and leveraging digital payment platforms,” explained Al Hamndou Dorsouma, Manager of the AfDB Climate Change and Green Growth Division.

In terms of governance (Goal 16), some nations, such as Malawi, have taken significant measures to combat corruption, though it remains a significant challenge in many African countries, with stagnant progress and rising instances of bribery. High illicit financial flows, totaling around $1.3 trillion in outflows and $1.1 trillion in inflows in 2020, continue to hinder the financing of key agendas, with Africa losing about $88.6 billion annually.

The ASDR also highlighted key data gaps in many countries on the continent and recommends that policymakers and academics prioritize skills and capacity building to have a more accurate picture of the state of countries’ achievements and needs in terms of inclusive and sustainable development.

“This new report underscores African countries’ commitment and progress, but it also highlights the challenges that remain for us to shape up ‘The Africa We Want.’ It stresses the urgent need to accelerate sustainable development actions and the imperative for African countries to step up their efforts and empower communities for more inclusive growth. It also clearly shows how innovative financing and strengthened partnerships are key for countries to redouble their efforts,” said Monique Nsanzabaganwa, Deputy Chairperson of the African Union.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Abuja Reports

Atoyebi Adewumi Wins 4th National Essay Competition, Beats 2,000 Contestants

Published

on

By

By Samson Adeyanju

Atoyebi Adewumi has emerged winner of the fourth edition of the National Essay Competition, beating more than 2,000 contestants in an intellectual contest aimed at promoting academic excellence, critical thinking and creative writing among young Nigerians.

The competition, which focused on the relevance of taxation to national development, challenged participants to examine the role of tax revenue in financing public services, stimulating economic growth and strengthening the relationship between government and citizens.

The initiative provided a platform for young Nigerians to demonstrate their writing skills, articulate informed perspectives on national issues and contribute ideas towards building a more responsible and progressive society.

Speaking after being declared winner, an elated Adewumi expressed gratitude to the convener, Foluso Sylvanus Ojo, and the organising team for providing young Nigerians with an opportunity to showcase their intellectual abilities.

“I am so glad, very, very glad, to have this privilege of emerging as the winner. I am grateful to the convener and the entire team, as well as everyone who supported this vision,” Adewumi said.

In his remarks, Ojo expressed concern over the tendency to criticise the attitudes and lifestyles of younger generations without providing adequate opportunities to nurture their talents and channel their energies towards productive pursuits.

He called on the government, corporate organisations and nongovernmental organisations to invest more in educational initiatives that promote intellectual excellence, creativity and responsible citizenship.

According to him, sustained investment in academic competitions and youth development programmes would encourage discipline, innovation and a stronger commitment to national development.

Drawing a comparison with the substantial cash prizes awarded in some reality television competitions in Nigeria, Ojo argued that students and intellectually gifted young Nigerians deserved greater recognition, financial support and encouragement.

“I believe the government should support initiatives like this because individuals need supportive hands, especially from the government. When they receive such support, they become more confident and motivated to continue their good work,” he said.

Ojo maintained that society could not continue to complain about the attitudes and lifestyles of young people without deliberately investing in programmes that encourage positive values and productive engagement.

The fourth edition of the competition also underscored the importance of tax awareness among young Nigerians, highlighting how effective taxation, transparency and accountable governance could contribute to improved infrastructure, education, healthcare and other essential public services.

Beyond celebrating the winner, the competition reinforced the need to identify, encourage and empower emerging intellectual talents capable of contributing meaningfully to Nigeria’s development.

Winner of the 5,000,000 naira

Winner of 3,000,000 naira

Winner of 2,000,000

All the participants 

Continue Reading

Abuja Reports

20 Finalists Begin Final Stage of National Essay Competition

Published

on

By

By Samson Adeyanju

Twenty finalists from across Nigeria have begun the final stage of the fourth edition of the National Essay Competition in Abuja, following an orientation session designed to prepare them for the decisive examination.

The finalists arrived in the Federal Capital Territory for a four-day, all-expenses-paid programme featuring the essay examination, institutional tours and opportunities for learning and networking.

The competition, the brainchild of Mr Foluso Ojo, is sponsored by the Nigeria Revenue Service (NRS).

Ahead of the examination, the finalists participated in an orientation session led by Professor Omotosho Borisade of Ekiti State University, who serves as the competition’s umpire.

The session familiarised participants with the competition’s rules and regulations, examination guidelines and assessment criteria, helping them understand the requirements of the final stage.

The essay examination is scheduled to begin today at 9 a.m., after which the finalists are expected to embark on institutional tours around Abuja.

The programme is designed to extend beyond the contest itself, exposing the finalists to new learning opportunities, professional connections and experiences in the nation’s capital.

The competition brings together young Nigerians to demonstrate their writing ability, knowledge, creativity and critical-thinking skills as they compete for the top honours.

With the finalists prepared for the examination, attention now turns to their performance and the eventual emergence of the competition’s champion.

 

Continue Reading

News

Pastor Ogundipe Decries Lack of Integrity Among Educated Nigerians

Published

on

By

By Samson Adeyanju

Pastor Alex Ogundipe, Chairman of the Governing Board of Christian Heritage International Bible College, Kubwa, Abuja, has expressed concern over the growing number of educated Nigerians who lack the character and integrity required to make meaningful contributions to society.

Ogundipe raised the concern during the matriculation ceremony of the institution’s 60 pioneer students, stressing that academic qualifications without moral discipline and upright character could undermine national development.

According to him, Nigeria has many knowledgeable and academically accomplished individuals whose inability to demonstrate integrity has negatively affected their contributions to their families, workplaces and communities.

“We have too many people in this country who are knowledgeable and wise in their own ways, but they do not have character and integrity. That affects their ability to impact their communities,” he said.

The cleric emphasised that education must go beyond the acquisition of certificates to the development of individuals who demonstrate honesty, accountability, faithfulness and commitment to serving humanity.

He explained that true integrity required consistency in personal conduct, whether at home, in the church, at work or within the larger society.

Ogundipe said the college was established not merely to impart biblical knowledge but to raise men and women whose lifestyles reflect Christian values and whose contributions would positively influence society.

He urged Christian leaders to demonstrate their faith through practical actions rather than mere religious declarations.

Speaking on Nigeria’s future, the cleric encouraged citizens to remain hopeful, pray for the country and contribute meaningfully to national peace, unity and development.

Earlier, the Rector of the institution, Pastor Samson Olukayode Aliyu, challenged the matriculating students to prioritise spiritual maturity and moral discipline alongside academic excellence.

Aliyu warned against examination malpractice, plagiarism, dishonesty and other forms of misconduct, stressing that academic certificates could demonstrate knowledge but could not substitute for good character.

“The Church does not only need gifted people; it needs godly people. We need leaders who will choose integrity over compromise, humility over pride, faithfulness over convenience and service over self-interest,” he declared.

He explained that the college offers six-month certificate programmes in theology and one-year diploma programmes in theology, leadership and prophetic studies.

One of the matriculating students, Akeem Omobolanle, who enrolled in the Diploma in Leadership programme, commended the institution’s approach to biblical education and expressed optimism that the training would strengthen his understanding of the Scriptures and prepare him for greater service in Christian ministry.

The ceremony marked the formal admission of the college’s pioneer students into its academic community.

Continue Reading

Trending