Thursday, June 30, 2022

Africa must end food, pharma import dependence – AfDB president

Must read

Newsdeskhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
- Advertisement -

Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank, AfDB, said in Kigali, on the sidelines of a meeting of Commonwealth leaders.

Mr Adesina disclosed this in an interview with Reuters just as the institution approved the creation of a pharmaceutical tech foundation and began processing requests for food relief.

Africa was hit hard by the economic fallout from the coronavirus, COVID-19, pandemic.

Now, as many countries are still struggling to rebound, they are facing rising inflation and food shortages aggravated by the war in Ukraine.

“Africa should not allow itself to be vulnerable in excessively depending on others, whether it is for vaccines or whether it is for food,” AfDB president Akinwumi Adesina told Reuters on the sidelines of a meeting of Commonwealth leaders in Kigali.

READ ALSO:   Nigerian govt not relying on donations for COVID-19 vaccines – Lai Mohammed

“The fact is that when you are dependent on others, you are also very highly vulnerable to any shock of any kind.”

The bank last month approved a 1.5 billion dollars financing facility for emergency food production, with the aim of averting a looming food crisis.

The funds are meant to help 20 million farmers produce 38 million tonnes of food.

Mr Adesina said the bank had already received requests from countries to draw on the fund.

“Once those things come to our board, they are swiftly reviewed and approved, and the money is out at the door,” he said.

Meanwhile, the AfDB’s board this week approved the creation of a new Africa Pharmaceutical Technology Foundation.

READ ALSO:   100 Sokoto VVF patients to undergo free surgery under EU-UN Spotlight Initiative – Official

Mr Adesina said the foundation would allow Africa to leverage intellectual property rights, protected technologies, and innovations to expand Africa’s pharmaceutical and vaccine manufacturing sectors.

“Africa imports 80% to 90% of all its medicines for a population of 1.3 billion people. We cannot and we must not outsource the health security of Africa to the benevolence of others,” he said.

The World Trade Organisation last week agreed on a partial waiver of intellectual property rights to allow developing countries to produce and export COVID-19 vaccines.

Reuters/NAN

dailysun

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -
cosgrove

- Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -