Foreign Aids Can’t Help Africa Grow Its Economy – Goodluck Jonathan

Foreign Aids Can’t Help Africa Grow Its Economy – Goodluck Jonathan


Former President Goodluck Jonathan on Friday noted that foreign aids can not help Africa to grow its economy. Even as he called on Global Hope Forum to continue to support Nigeria and Africa’s economic progress through trade and investment noting that.

According to him “foreign aid can never help Africa grow its economy. It can only help you exist vegetatively”.

President Jonathan said while delivering  the opening remarks at the Hope Global Forum discussing “Emerging Africa: Beyond the Headlines”, with a call on African nations to introduce ‎policies that would empower youth and women.

Prior to the event, Jonathan met privately with Ambassador Andrew Young and John Bryant Hope, Chairman and Founder of HOPE.

Also at the event were former US ambassador to Nigeria, Robin Sanders; Atlanta mayor, Kassim Reed; and other city fathers.
2016 is the first year the Hope Global Forums has showcased Sub-Saharan Africa.

During his opening remarks, Mr Jonathan drew parallels between Africa and Nigeria’s economic and social struggles to those of Atlanta and the HOPE foundation.

He stated that he was devoting his post presidential life to partnering with others of like mind to develop the African continent by working for political stability and wealth creation.

The former President gave highlights of his experience as head of the Commonwealth Election Observer mission to Tanzania.

He also lamented the fact that Africa, which has 15 per cent of the world’s population, only controls 2.5 per cent of global trade.

In particular, he drew applause from the audience of dignitaries when he said “If we do not add value to our commodity exports, all we will be doing is exporting jobs”.

He also got a standing ovation for calling for affirmative action to empower African women politically, economically and socially.

Mr. Jonathan also talked about his administration’s policy of empowering youths with capital through such interventionist programmes like Youth Enterprise With Innovation in Nigeria (YouWin) and the Nagropreneurs initiative.

He however encouraged other African nations to introduce similar policies.


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  1. October 28, 2023

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