Kanayo F. Nwanze |
The
US$35 billion a year that Africa spends on importing food should be
used to create local jobs in agriculture, according to Kanayo F. Nwanze,
President of the UN’s International Fund for Agricultural Development
(IFAD).
Addressing
the sixth Tokyo International Conference on African Development (TICAD)
in Nairobi tomorrow, Nwanze is expected to tell African leaders that
the potential for prosperity on the continent is enormous, but
investments need to be redirected to developing the agricultural sector.
Although it has a quarter of the world’s arable land, Africa generates only 10 per cent of global agricultural output.
“African
leaders are failing their people by their weak investments in
agricultural inputs and infrastructure, and their lack of policy support
for the sector,” said Nwanze on the eve of his departure.
“If
even a portion of the money used for food imports was spent on creating
jobs in rural areas, not only would the world’s largest youth
population see a viable future on the continent, but Africa would be
able to feed itself,” he said.
Convened
by Japan, the purpose of TICAD is to promote high-level policy dialogue
between African leaders and partners, with a focus on African-led
development. This is the first time that TICAD will be held on the
African continent. It will run until 28 August.
Although
Africa is the world’s second fastest growing economic region, more than
300 million Africans live below the poverty line. Most live in rural
areas and depend on agriculture for their livelihoods. Unemployment
rates are close to 40 per cent.
“Economic
growth alone is not enough. If we want a continent with food security
and social stability, we have to ensure that development focuses on
people. They do not want handouts. They want economic opportunities,”
said Nwanze.
“At
TICAD this year, I hope we can go beyond talking about Africa’s
potential and discuss what is practically needed for Africa’s people to
seize that potential,” he added.
While
at TICAD, Nwanze will also participate in the launch of Japan’s
Initiative for Food and Nutrition Security in Africa which will
establish a framework for African countries to collaborate to improve
their nutrition status.
Japan
is a founding member and a leading contributor to IFAD – a specialized
United Nations agency and international financial institution that
invests in agriculture and rural development in developing countries
around the world.
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