The Digest:
Former Vice President Yemi Osinbajo has issued a stark warning to African governments, labeling celebrated GDP growth figures as "worthless" when they fail to translate into tangible improvements in the lives of ordinary citizens, highlighting a profound disconnect between macroeconomic data and daily reality.
Key Points:
- Osinbajo spoke at the 65th anniversary of the Ford Foundation in West Africa.
- He stated that Africa's high GDP growth coexists with the lowest quality of life.
- The former VP revealed his frustration with public skepticism toward growth figures.
- He called for a shift from trickle-down economics to bottom-up investment.
- Social justice, not just growth, must be the foundation of economic planning.
- He cited Bangladesh, Rwanda, and Lagos as examples of inclusive governance.
- Corruption was highlighted as a severe form of social injustice.
Sources: The Guardian
