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Saturday, 27 October 2018

POOR UTILIZATION OF RESOURCES IS THE BANE OF POVERTY IN AFRICA

POOR UTILIZATION OF RESOURCES IS THE BANE OF POVERTY IN AFRICA

Africa is considered the poorest continent on earth, almost every second; people  living in the states of sub-Saharan Africa lives below the poverty line. People mostly affected by poverty in Africa are the vulnerable members of society, their children and women.

Despite the huge natural resources   like gold, diamonds, oil and many other coveted natural resources yet  it has not been utilized  to create wealth and better the lives of the people, it's infrastructure is the most underdeveloped in the world, it's economies are the most minute  and unsophisticated and in the state of decay, and its people languish in poverty.
Africa holds 60% of the world’s platinum deposits, more than 40% of the world’s gold and almost 90% of the world’s diamonds, not to mention the substantial oil reserves yet it remains the world’s poorest and undeveloped of the world continent.

Despite promising growth in recent years, Africa with almost 15% of the world’s population, still contributes less than 3% to the world’s GDP, according to the World Bank. The United Nations Human Development Indicators, incorporating health, education and living standards, show rock-bottom scores for most African countries. Its governance scores, compiled by organizations such as the Economist Intelligence Unit, Foreign Policy magazine and Transparency International, are similarly dismal.

According to the definition of the World Bank is regarded as absolutely poor, who has less than 1.25 US dollars a day to live , and thus lives on the very edge of existinction. The United Nations Development Program (UNDP), for its part, sets various indicators in it's Human Development Index (HDI) to measure poverty in Africa and all other countries in the world. This includes: the life expectancy at birth, the average school attendance period, the expected school attendance period as well, the per capita income.

As the indicators show, education is closely linked to poverty by the United Nations - because those who cannot read and write have little chance of getting a skilled job and their livelihood.
In the annual report on human development published by the UN, the African countries like Malawi, Liberia, Burundi, Eritrea, Chad, Sierra Leone or Niger are regularly in last places - this has not changed until 2018.

Obulose Chidiebere N.
Family Writers Press

Edited by Ogbuanya Chikezie Nnamdi
For Family Writers Press

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