AfDB and Nigerian economists call for urgent action in Africa’s Transition States

AfDB and Nigerian economists call for urgent action in Africa’s Transition States
Save as PDF 

Abuja, Nigeria – The African Development Bank (AfDB), in partnership with the Nigerian Economic Society, has sounded the alarm on the pressing need to accelerate economic transformation in Africa’s 24 transition states—countries still grappling with conflict, weak institutions, and climate vulnerability.

 

AfricaHeadline Reports Team
editorial@dw-demosnewstaion.online 

 

These nations, including Burkina Faso, Somalia, South Sudan, and the Central African Republic, account for more than 300 million people living under fragile conditions. Despite vast natural resources and a predominantly young population, instability continues to hold back growth.

The AfDB highlighted the importance of its Transition Support Facility, designed to deliver targeted financing, capacity development, and knowledge-sharing. The bank stressed that without urgent reforms and stronger governance, these states risk being permanently sidelined from Africa’s development agenda.

The high-level dialogue also underscored the importance of policy innovation and homegrown solutions, with experts arguing that Africa’s long-term growth will depend less on donor aid and more on institutional resilience and economic self-reliance.

Related post

Inflation returns to Côte d’Ivoire but remains within the BCEAO’s comfort zone

Inflation returns to Côte d’Ivoire but remains within the…

 Consumer prices rose 1.9 per cent in July, driven by food costs. The acceleration remains moderate, but higher energy and import prices could test stability…
Nigeria: Yemi Cardoso faces the test of turning Nigeria’s financial stability into growth

Nigeria: Yemi Cardoso faces the test of turning Nigeria’s…

 Stronger reserves, tight monetary policy and a banking recapitalisation equivalent to $3.37bn have helped restore investor confidence, but productive investment and household incomes remain under…
Equatorial Guinea rejects coup report and demands retraction from Jeune Afrique

Equatorial Guinea rejects coup report and demands retraction from…

  Government disputes report of an alleged destabilisation plot, defends the capacity of national institutions and says it may take legal action LAGOS — Equatorial…

Leave a Reply

Your email address will not be published.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