Home NewsAfrica Sub-Sahara Africa to realize $500bn annually as demographic dividend – UNFPA

Sub-Sahara Africa to realize $500bn annually as demographic dividend – UNFPA

by hr

By Becky John

The United Nations Population Fund (UNFPA) has predicted a 500 billion dollars benefit for Sub-Sahara Africa as demographic dividends in the next 30 years. But the fund said this is achievable if public policies are appropriately implemented by respective governments.  This is contained in a statement issued by Abraham Gelaw, UNFPA Communications Officer, and made available to the newsmen in Abuja on Wednesday.

It said there are window of opportunities to harness the demographic dividend which is time bound and requires immediate investments. The statement quoted the UNFPA Executive Director, Dr Babatunde Osotimehin, as saying this at the opening of the High-Level Ministerial Dialogue on Harnessing the Demographic Dividend for Agenda 2063 in Addis Ababa.

It said critical investments on the youth, adolescent girls, need to be made as regards sexual and reproductive health, quality education, along with investments on infrastructure development and the right governance structure. The statement urged member states to move from commitments to actions.

It also quoted the Deputy Executive Secretary of UNECA, Dr Abdalla Hamdok, as saying that Africa has been experiencing a high economic growth but poverty remains high.The statement mentioned that the continent needed to grow with equity and manage its population and demographic changes along with inclusive and sustainable socio-economic development.

“I believe that for Africa to benefit from the demographic dividend, we must take advantage of its population structure,

“its natural resources endowment to coordinate and the expansion of investments in human development and social protection,” the statement said.

According to the statement, Dr Nkosazana Zuma, the Chairperson of the African Union Commission (AUC), stressed that the vision of Agenda 2063 is to build a prosperous and peaceful Africa. Zuma was represented by Dr René Kouassi, Director of Economic Affairs at the AUC, said the agenda requires reaping the demographic dividend and exploiting the continent’s human potential.

It said ministers from Burkina Faso, Chad, Ethiopia and South Africa spoke at Ministerial Dialogue.

“The ministers contended that investments on quality education, health, job creation, entrepreneurship skills of young people, empowerment of women and girls are pivotal in taking advantage of the demographic dividend.

“It is also important for shaping Africa’s development for the next 50 years as envisioned by the African Union’s Agenda 2063,’’ the statement said.

It said that the panelists and participants of the Ministerial Dialogue highlighted in their interventions how the issue of demographic dividend is central to Africa’s development agenda.

“This is reaffirmed in the Common African Position on Post-2015 Development Agenda which positions demographic dividend as a critical tool to achieve Africa’s sustainable development,” it said.

The statement said the outcome of this High Level Ministerial Dialogue is believed to provide inputs for the upcoming African Heads of State Summit, the International Financing for Development Conference.

“The Dialogue was conducted as part of the on-going Conference of African Ministers of Finance, Planning and Economic Development.

“It was jointly organized by UNFPA and the UN Economic Commission for Africa,’’ said the statement.

Related Articles

Leave a Comment