• Monday, July 22, 2024
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Nobel laureates to headline Covenant University inaugural African development conference


Two prominent Nobel laureates in Economics, Professor Thomas Sargent of New York University and Professor Eric Maskin of Harvard University, will be the keynote speakers at the inaugural Covenant University international conference on African development issues (CU-ICADI).

The conference which is scheduled to hold on May 5th and 6th at the African Leadership Development centre, Covenant University Ota, has as its theme the “rising economic opportunity for investors in Africa and the prospects of an African economic miracle.”

The conference, which will focus on vectors conducive to economic growth, and alleviation of poverty, has further lined up a slate of speakers who are experts in economics and development.

African GDP has grown at an average of 5 percent per annum in the past decades, with some of the fastest growing countries in the globe found on the continent.

Nigeria the host of the conference has expanded its nominal GDP twelvefold between 2000 and 2013 rising from just under $40 billion to $510 billion.

The poor economic indicators of famine, extreme poverty, wars, and low growth rates amongst others that characterized the post-independence era of many nations in Africa are being reversed with the recent boom in African economies.

This growth trend has raised high hopes as to the possibility of Africa experiencing a sustainable growth impetus.

The specific sub-themes to be addressed at the conference include: Key Drivers of Growth for Africa’s Economic Transformation; Inclusive Growth for a Resilient Middle Class in Africa; Economic and Institutional Reforms for Sustainable Growth in Africa; and Governance and Economic Transformation in Africa.

The conference participation fee is N250, 000 for participants resident in Nigeria, and $1,500 for international participants.

This fee covers conference kits, tea breaks and group lunch for the conference duration as well as dinner at the end of the conference.