…As Africa remains the poorest continent despite having the richest concentration of natural resources in the world
Africa is said to be the poorest continent in the world because of it’s inability to make provisions to satisfy the basic human needs.
Studies have shown that African nations typically fall toward the bottom of any list measuring small size economic activity, like income per capita or GDP per capita, despite a wealth of natural resources.
Research has also shown that Africa has the richest concentration of natural resources including oil, copper, diamonds, bauxite, lithium, gold, hardwood forests, and tropical fruits. It is estimated that 30% of the earth’s mineral resources are found in the continent. Additionally, Africa has the world’s biggest precious metal reserves on earth. Despite all of these, Africa still lags behind in development due to corruption and resource mismanagement.
However, for poverty to be eradicated in Africa, we must learn to leverage on our own resources to create necessities needed for our environment and that of the world at large.
Africa majorly known for the fertility of its soil, as it’s weather condition also favour the growth of major food crops.
Food which is the fuel for humans to survive, is a necessity that would always be needed. Understanding this and the enabling environment/land of Africa to provide this necessity for the world conveniently, therefore calls for the need for Africa to greatly channel our energy to developing the Agricultural sector of Africa, as this could be the saviour of Africa from poverty.
Farmers should be given more attention to help develop this critical sector of Africa.
The African Development Bank whose Mission and Strategy is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction, have been noted for it’s help in empowering farmers in Africa to get enough fund to get a farmland or to expand their farmland.
The Bank and the Forest Investment Program of the Climate Investment Funds, agreed in 2016 to fund the Restoration of Degraded Forest Reserves through the Certified Plantation project, financed through a $10 million concessional loan from the Climate Invest Funds and $14 million from the African Development Bank.
A mother of six in Ghana, testifying of being a beneficiary, said that her wish was fulfilled through the forest plantation management company Form Ghana, which received a loan from the African Development Bank for a transformative forestry project.
After registering as a farmer with the Form Ghana program, she received a land that had once been a forest in Berekum, about 30 km from Seikwa, Ghana. She harvested around 6,800 kg of maize from the 5-hectare field through intercropping, which involves simultaneously cultivating multiple crops on a particular plot farmland.
“I have been able to put up a two-bedroom house. I also funded my son’s trip to attend school in Europe and all my children are in school,” she said.
If a mother of six can achieve around 6,800 kg of maize, imagine the harvest of foods Africa would be producing for the world when we choose to be more intentional about the Agriculture sector.
Africans are therefore advised to develop an interest in the Agricultural sector and seek for ways to develop this sector as this would help in food security.
Presidents of African countries are encouraged to make access to the African Development Bank funds very accessible to farmers, as this would really help the Continent escape from the hands of Poverty.
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