COVID-19: Strategic PPP Will Mitigate Economic Effect, Says AUDA-NEPAD/APRM Boss

April 24 12:27 2020

The country can mitigate economic impact of global pandemic through strategic Public Private Partnership (PPP), says Princess Gloria Akobundu, National Coordinator, African Union Development Agency-New Partnership for Africa’s Development/ African Peer Review mechanism (AUDA-NEPAD/APRM) Nigeria.

Akobundu said while featuring as a Guest Speaker on a virtual conference with the topic `Leveraging COVID-19 disruptions for economic growth in Africa’, organised by Pristine Ecologistics Cloud-based conferencing platform.

This was contained in a statement signed by Abolade Ogundimu, Media Assistant to the National Coordinator on Thursday in Abuja

According to the Chief Executive Officer, AUDA-NEPAD/APRM, despite lockdown as a result of Coronavirus Disease-2019 (COVID-19), how to overcome the virus and cushion its effect should not be lost on the nation.

“There is need for bottom-top approach in strategic partnership, focusing on grassroots challenges if lasting solutions will be found to COVID-19 and other national challenges.

“If agricultural sector receives more partnership support in areas of production, processing and packaging of farm outputs, large ratio of unemployed population can be gainfully engaged while agric. wastages can become income.

“Self-sufficiency in food production is a success for a nation of over 200 million population, but the nation cannot afford to rest on its oars,” she said.
The Agency Boss said adequate partnership in primary health subsector would not only lead to standard healthcare system, it would also help to upgrade indigenous therapy.

“Without compromising standard, there is need to pay more attention to our plants and animals in the search for COVID-19 antidote due to our rich varieties of plants and animals,” she said.

Akobundu gave reasons for deliberate PPP in the area of skills acquisition programmes and education.

“There is need for strategic partnership with policy backing in the area of Skills acquisition programmes so that members of the public can be trained in their areas of interest which usually increase innovations.

“Provision of more technology hubs with basic ammenities will also be another means of channelling our youths’ energies towards National development which leads to global prominence.

“While searching for lasting solution to COVID-19 pandemic, use of technology need to be highly considered to sustain learning at all levels,” she said.

The Agency Boss added that due to importance of power to the nation, abundant resources in every location should be considered in order to solve the problem.

Akobundu said, given the abundance of resources, recent prediction of World Bank that Africa would experience between -2.5% to -5.1% recession at the end of COVID-19 pandemic should not be experienced by Nigeria.

The National Coordinator commiserated with President Muhammadu Buhari and the Federal Executive Council over the death of late Mallam Abba Kyari, Chief of Staff to the President..

Akobundu described Abba Kyari as a leader par excellence, praying for the fortitude to bear the loss by his family and the entire nation.

AUDA-NEPAD/APRM Boss featured along with Ambassador Jerome Ringo, Goodwill Ambassador, Pan- African Parliament and founder, Zoetic Energy from U.S.

The Moderator, Dr Paul Abolo, on behalf of the organisers, commended the speakers for doing justice to the topic and proffering insightful ideas on how the continent could navigate economic threats of COVID-19 pandemic.

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