Nigeria, Sept. 16 -- Speaking at the 66th Annual Conference of the Nigerian Economic Society, Okonjo-Iweala stressed that unsustainable aid results from dwindling donor support and shifting global priorities. OECD numbers indicate a seven percent drop in world aid in 2024 and a sharp decline in the official development assistance share of Africa over the last decade. She noted that while aid is absolutely essential for problems like climate change, it falls short of covering the $1.3 trillion annual investment gap of Africa. required to fulfill the Sustainable Development Goals.



Okonjo-Iweala emphasized the specific benefits Africa offers in a rapidly changing environment. She identified three major assets: a young, educated, tech-sav...