“The era of aid or free money is gone. Africa must overhaul its approach toward achieving fast-paced development”

“The era of aid or free money is gone. Africa must overhaul its approach toward achieving fast-paced development.”

12 APRIL 2025 – In the face of dwindling global funding, tariffs, and geopolitical tensions, African Development Bank Group President Akinwumi Adesina said on Friday that Africa must wean itself from aid dependency and urgently chart its future through self-reliance, strategic partnerships, and leveraging its vast natural resources.

He spoke on Friday in Abuja at the 14th Convocation Ceremony of the National Open University of Nigeria (NOUN), where he delivered a thought-provoking lecture.