ADB President Prof Akin Adesina Berates Africa’s Mismanagement Of Resources

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Prof Akin Adesina

The poor management of resources with gross insensitivity of African leaders to the plights of the poor has come under the hammer of Professor Akinwumi Adesina, President of the African Development Bank (ADB), who condemns the poor management of resources which leads to poverty in the continent.


“If we manage our resources very well, Africa has no reason to be poor", he says. 



Speaking in Lagos on the theme: For The World To Respect Africa at a lecture delivered to mark the 40th anniversary of The Guardian Newspaper, Adesina says with the current trajectory, Africa careens toward catastrophe if nothing is done to alleviate poverty for numerous Africans especially if we continue to take loans backed by our natural resources. It’s so unconscionable that Africans are groaning under the yoke of mismanagement by leaders who only care about themselves, it’s like standing in the ocean and washing one’s face with spittle, it’s unacceptable. 


How long will the people continue to endure hardship in the midst of plenty and the leaders turn their blind eyes on them by deliberately impoverishing them!


If the trend continues like this, Africa will be tethering on the edge of a cataclysmic disaster of horrendous consequences.


Watch Prof Adesina’s video below:




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