By Atser Godwin
Economic growth in Nigeria and other African nations is being threatened by progressive infrastructure decline. In this interview with ATSER GODWIN, the World Bank's Vice President, Mrs. Oby Ezekwesili, speaks on Africa's need to fix its poor infrastructure in order to sustain growth.
What is the bank's perspective on economic growth in Africa?
Africa's average growth rate of 5.7 per cent is the best that has happened in the last three decades. However, the 5.7 per cent growth rate is still far from the mark for the continent to be able to reduce the high level of poverty on the continent. For Africa to grow and make the necessary impact on the high level of poverty, it must grow its Gross Domestic Product at seven per cent and above and then poverty will get tackled.
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Posted by boyang at September 7, 2008 6:14 PM