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    Kapital FM 92.9 The Station that Rocks!

Africa’s Stunted Growth

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National

Obasanjo Blames Foreign Aid, Poor Leadership For Africa’s Stunted Growth

    Former Nigerian President, Olusegun Obasanjo has sharply criticised Africa’s overreliance on foreign aid, weak leadership, and flawed democratic systems, attributing them to the continent’s persistent developmental challenges. Speaking at the 32nd Annual General Meeting of the African Export-Import Bank (Afreximbank) in Abuja, Obasanjo said Africa’s most influential nations have failed to fulfill their potential as engines of continental progress. Obasanjo singled out countries such as Nigeria, Egypt, Ethiopia, […]

todayJune 26, 2025