Adesina’s inconvenient truth on poverty, underdevelopment

At the Guardian 40th anniversary lecture in Lagos, the President of African Development Bank(AfDB), Dr. Akinwumi Adesina, blamed a lot of socio economic challenges facing Africans on the leaders, whom he accused of incompetence, lack of focus, empathy and for causing untold poverty in the midst of wealth.

Adesina, who is also the former Minister of Agriculture during the administration of Goodluck Jonathan, took a highly analytical journey into the origins of the dysfunctional political economy of Africa, locating an uncanny, sad paradox, where the continent is highly rich in human and material capital but has not been able to translate this common wealth to prosperity for all, given the greed and lack of commitment to common good by successive leadership in Africa.