Buhari new partnership for africa's development
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The "New Partnership for Africa's Development" (NEPAD) is a strategic framework for Africa's development, launched in 2001 by the African Union (AU) and the New Partnership for Africa's Development Agency (NEPAD Agency). The partnership aims to promote sustainable development, reduce poverty, and improve the quality of life for all Africans.
In 2019, President Muhammadu Buhari of Nigeria, in his capacity as the Chairperson of the African Union, launched the "Buhari-Electronic-Wallet-NEPAD" (BEW-NEPAD) initiative, which is a new partnership aimed at accelerating Africa's development.
The BEW-NEPAD initiative focuses on the following key areas:
- Digital Economy: The partnership aims to promote the development of Africa's digital economy, including e-commerce, fintech, and digital payments.
- Infrastructure Development: BEW-NEPAD seeks to improve Africa's infrastructure, including energy, transportation, and telecommunications, to facilitate economic growth and development.
- Agricultural Development: The partnership aims to promote sustainable agriculture, improve food security, and increase agricultural productivity in Africa.
- Health and Education: BEW-NEPAD focuses on improving access to quality healthcare and education in Africa, particularly for vulnerable populations.
- Youth Empowerment: The partnership aims to empower African youth through skills development, entrepreneurship, and job creation.
The BEW-NEPAD initiative is designed to be a collaborative effort between African governments, the private sector, civil society, and international organizations. It is expected to leverage technology, innovation, and partnerships to drive sustainable development in Africa.
Some of the key benefits of the BEW-NEPAD initiative include:
- Increased economic growth: The partnership aims to promote economic growth, reduce poverty, and improve the standard of living for Africans.
- Improved infrastructure: BEW-NEPAD seeks to improve Africa's infrastructure, which will facilitate economic development and increase connectivity between countries.
- Enhanced competitiveness: The partnership aims to promote African businesses and increase their competitiveness in the global market.
- Increased access to healthcare and education: BEW-NEPAD seeks to improve access to quality healthcare and education, particularly for vulnerable populations.
Overall, the BEW-NEPAD initiative is an important step towards promoting sustainable development in Africa and achieving the African Union's Agenda 2063, which aims to transform Africa into a prosperous and peaceful continent by 2063.