German Government unveils proposed “Marshall Plan” with Africa at the AfDB

The German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled his Government’s proposed “Marshall Plan” with Africa at the African Development Bank Group (AfDB), saying the Plan can help resolve some of the challenges facing Africa.

"Marshall Plan" with Africa

Briefing the Bank’s leadership in Abidjan on Thursday, Müller noted that while Africa remains a continent of opportunity with very dynamic development and a strong and promising youth, it faces many challenges.

The Minister and his delegation arrived in Côte d’Ivoire from Burkina Faso on the second segment of an African tour which includes Tunisia and Egypt.

The continent, he said, would have to create 20 million jobs per year and expand training and education facilities for a growing population expected to reach 2 billion by 2050.

This scenario, he said, calls for a new initiative with the dimensions of a “Marshall Plan with Africa (not for Africa),” a term, which, he said, underlines the strong concerted efforts from Africa, its partners and the global multilateral system.

With the African Union’s 2063 Agenda as the framework, the Minister said the plan will focus on economic mobilization, education, training and entrepreneurship programmes that would give millions of Africans better prospects that are vital for Africa’s future and for Europe and the world.

The blueprint proposes a “new level” of equal cooperation between Africa and western countries in areas such as education, trade, business development and energy.

It also calls for better and more equitable market access for African exports, an end to illicit financial flows from Africa and tax evasion by multinational companies. The plan, he said, would further support the development of agricultural value chains within African countries to enable them derive appropriate benefits from the products, citing cotton in Burkina Faso and cocoa and coffee in Côte d’Ivoire as examples.

Nigeria-Germany Cooperation

Minister of Budget and National Planning, Udoma Udo Udoma addressed a German delegation led by that country’s Ambassador to Nigeria, Mr Dietmar Kreusel, at the Nigeria-Germany Consultations Meeting on Development Cooperation in Abuja.

Udoma told the delegation that Nigeria will welcome the support of their home country, particularly in the area of technical support and expertise, to drive small and medium scale industries and aid manufacture of quality products within the country.

Minister Udoma said, “We are determined, as a government, to diversify the economy as a whole. When you look at the breakdown elements of the GDP of Nigeria, crude oil and the petroleum sector account for less than 10% of DGP, so it ought not account, as it currently does, for about 95% of our foreign currency earnings; and that is what we have to work upon – to diversify our sources of government revenue, and we are working hard at it”.

He said government is putting much emphasis on agriculture in the interim because it is capable of yielding quick results but long term focus is also on developing the solid minerals base, looking at light manufacturing and developing Export Processing Zones, among others. “And we will welcome German companies to come and invest. We are looking for investments, investments that will benefit both the investors and Nigeria; and create jobs.”

The Minister noted that the German government is also supporting Nigeria in the Save School Initiative and the agricultural sector, technical and youth development, the Nigeria Energy Support Programme, Sustainable Small Holder Agro-businesses among others. He also noted the Euro 24.9 million support for the Pro-poor Growth and Employment Promotion as well as the Euro 200 million credit support agreed for the Development Bank of Nigeria.

Policy source: Aso Villa Newsletter