The African Development Bank is set to launch a comprehensive five-year Strategy for Economic Governance in Africa (SEGA).
This was disclosed by AfDB in a statement seen by Nairametrics.
According to AfDB, the strategy will serve as the Bank’s operating manual for fostering public sector effectiveness at national and sub-national levels by stimulating structural transformation in Africa, and ensuring that citizens, communities and civic groups participate in public sector governance.
It added that it is designed as the Bank’s master plan for building back better following the economic devastation of the Covid-19 pandemic.
It stated, “Through the Strategy for Economic Governance in Africa, the Bank is building on its commitment to continue the gains in governance across Africa and improve the capability of its regional member countries to make economic development sustainable and inclusive.
The event will be attended by government ministers and other senior officials and experts from all over Africa. It will highlight the action areas of the strategy that aim to support Africa’s development objectives in line with the Bank’s High 5 development priorities.
What you should know about EGA
The Strategy for Economic Governance in Africa was developed following consultation with governments and non-state actors across Africa. It replaces the Bank’s Governance Strategic Framework and Action Plan (GAP-II), which covered the 2014-2020 period.
The launch followed the Bank’s Annual Meetings, which focused on “Building Resilient Economies in Post Covid-19 Africa.
AfDB is currently implementing it’s High 5s for power, integration, agriculture, industrialisation and improved well-being. Now it’s the strategy for economic governance. These are beautiful coinages but comes with the challenge of multiplicity as they all possess several other coinages. Too many slogans across continental, national and subnational cadres brings an overload of information to digest.
I think the focus should be on simple concepts that EASILY resonate across the larger populace and these may be found it the 5 basic needs for human existence – Food, Shelter, Clothing, Health Education.
The Afdb has and is always churning out policies and strategic to build Africa. But just as the first commentator stated; too much coinage. less meaning for the ordinary African man.
But Moreso, the AfDb should consider and make her policies grassroot oriented and reachable- without necessarily involving our Bull-dogs bully Federal (central) government in her reach-out and implementation strategy . Because for the African Government, there is no check in the system and lack of trust amongst her popoluce for the ruling class.
Dr.Akinwumi Adesina and his team are vibrant, visionary and determined. We are sure glad to him on board as he is a team player and a credit to our age grade. Africa’s leaders across the board; local, state and federal government must emulate AfDB’s strategy, development plans pay. This is my honest view. Adulphus. M Jack, from Port Harcourt, Rivers State, Nigeria.