INNOVATIVE FINANCIAL SOLUTIONS FOR ACHIEVING SDGS IN SUB-SAHARAN AFRICA

A project by ADETAYO ADEWALE OLU, MINISTRY OF AGRICULTURE, OGUN STATE, NIGERIA.

As ODA is declining, Sub Saharan African countries require bold and innovative financial frameworks to achieve the SDGS.
The aim of this project is to call the attention of governments, policymakers, researchers, academia, civil society groups, and the enlightened general public in Sub Saharan African countries, on innovative financing strategies and solutions to achieve the sustainable development goals.
The ground-breaking Addis Ababa action agenda of July 2015 focused on how development aid could be used in catalytic ways to mobilize funds for the achievement of the SDGS. This project was an outcome of the knowledge and inspiration gained from participating in World Bank online Course in 2017 titled. Finance for Development.
Sub Saharan African countries need to mobilize more funds, catalyze investments, and enhance domestic resources mobilization through efficient tax policies and administration, block loopholes, and eradicate corruption, to enable them to achieve the SDGS in 2030.
The Sub Saharan African countries should use the billions in the Official Development Assistance, and blended finance to unlock and mobilize trillions of dollars needed from all sources of finance for the achievement of the SDGS
Much more can be done using the financial assistance of the MDBS to crowd in both public and private resources of fund for development through policy advice, technical assistance and capacity building, they should explore the Africa 50 initiative of the Africa Development Bank, develop infrastructure, energy, transport, ICT, and the Cascade approach of the World Bank to mobilize more funds for economic transformation.
The governments should provide a more favourable climate for private investment and public-private collaboration, take the opportunities and resources provided through capital markets and pension bonds to provide the needed resources and infrastructure to achieve the SDGS
The private sector should partner with the governments to provide the required capital to fill the finance gap needed to provide infrastructure, energy, food security and climate change projects.

https://www.slideshare.net/Adewale777/innovative-financing-solutions-for-achieving-sdgs-in-subsaharan-africa

About the Organization /Team

This project is an individual initiative developed after completing the online course of the World Bank Group Finance for Development, in 2017.
It was first posted as part of the course final Project in the slide share as, an Artifact for innovative financing solutions for the development of SDGS in Chad’s Republic in 2017 https://www.slideshare.net/Adewale777/artifact-on-chads-economy-74059517
It was subsequently used in seminars and workshops on SDGS.
I am resident in Nigeria and I work with the Ministry of Agriculture in the country.

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