A 2-day conference that will undoubtedly be the biggest Africa-led regional economic conference in recent times.
Economies in Sub-Saharan Africa have been severely affected by the ongoing recent and sustained global depression. Despite the huge potentials and opportunities, growth in the region has reduced from its peak of 8% to an average of 3.5%; down from 5.1% in 2015. The sharp decline in commodity prices now puts additional strain on most of the region’s economies, particularly on the oil-exporting countries. Although domestic and external factors contributed to Sub-Saharan Africa’s poor overall economic performance, there is evidence of economic progress in an increasing number of countries in the region. However, progress has remained slow hence the need to enhance reform efforts to accelerate growth and reduce poverty as well as increase the standard of living in Sub-Saharan Africa.
Shifting focus from generic debates on African economy, this Leadership Conference will be refocusing the spotlight not only on Africa’s resource challenges and the need to expedite development and growth of her regions, but also drawing attention to the continent’s untapped natural resources and the innovative ways to build her resilience, create sustainable growth and increase financial capacity across the regions.
This conference could not be more timely as it draws on great opportunity to harnessing Africa’s hidden wealth, inclusive growth that is people-driven and unleashes the potentials of young people as well as focuses on tackling poverty and building shared prosperity through social and economic transformation.
Alongside this solid growth outlook, the Pan-African discussions at the conference will provide the continent with an unprecedented opportunity to chart a more inclusive and sustainable growth agenda for the region. This conference will gather Sub-Saharan African policy makers, opinion influencers, academics, civil society leaders, private sector representatives, foreign investors to meet and debate the performance of Sub-Saharan African economies and resources as well as chart new course for long term achievements for ending poverty, preserving assets, generating revenue through resource exploration and ultimately ensuring well-being and prosperity of its people.
Economic Conference on “Reinventing the Economy of Sub-Saharan Africa; Where is the Money?” will take place over a period of two days. The overarching objective of this conference is not only to shift focus from generic debates on African economy and her resource challenges but to refocus the spotlight on the need to expedite growth and development of African regions drawing attention to the continent’s untapped natural resources and the innovative ways to build her resilience, create sustainable growth and increase financial capacity across counties.
The specific objectives of the Economic Conference are as follows;
Nigeria is referred to as the vivacious heart of Africa. As the most populous country in the region, it dominates the continent economically, socially and culturally. The country, which is poised to become the largest economy in Africa by 2025 in both size and spending power, is known to be the 10th largest oil producer in the world and has enormous deposit of natural resources waiting to be tapped. Despite being a resource-rich nation with fiscal gains in recent years, Nigeria, like many other countries in Sub-Saharan Africa, is yet to translate these gains into development outcomes such as adopting a more inclusive political platform, strengthening its institutions and fostering investment.
Vast number of different speeches
Resilience can be defined as a situation where societal capability, expertise, and institutional structure are adequately strong enough for the nation to stimulate development initiatives and security while responding effectively to shockwaves and stresses. As the global community faces fresh pressures such as population growth, land & ecosystem degradation, abuse of natural resources, fragility of states and complex conflicts, there is an urgent need to help Sub-Saharan African countries specifically, withstand and recover from increasing shocks and subsequently help build their resilience.
How can Sub-Saharan African Nations Build Economic, Financial and Political Resilience?
Dimensions to be delivered:
Most Sub-Saharan African economies are vaguely transparent thereby hindering processes that enable sustainable growth and development. creating sustainable growth strategies are the most profitable method of stimulating Sub-Saharan Africa’s renewable resources, highlighting fiscal strength, and sound governance that will enable the continent to gain some initial dividends that could in turn pave way for sustained improvements in livelihood through an inclusive growth process.
In the context of global socio-economic development, how can Sub-Saharan Africa create sustainable growth?
Dimensions to be delivered:
Financial resources are imperative for the improvement of Sub-Saharan Africa because without sufficient financial resources, it will be problematic for administrations to implement important economic and social policies and undertake critical infrastructure investments. The lack of adequate financial capacity could expose the region to instability and uncertainty that surrounds foreign sources of finance including export revenues, Foreign Direct Investment (FDI) and remittances.
In the context of improving the financial strength of the region, how can Sub-Saharan Africa build its financial capacity?
Dimensions to be delivered:
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