Business
APRM Tasks African Leaders On Resources
The African Peer
Review Mechanism (APRM) has advised African countries to use their resources from extractive industries for the benefit of citizens.
The Principal Regional Adviser of APRM, Mr Melaku Desta, gave the advice at the Annual Expert General Meeting of the UN Economic Commission for Africa (UNECA) in Lagos recently.
The theme of this year’s meeting was “Mainstreaming the Governance of the Extractive Sector in the APRM Process.”
Desta said that Africa was endowed with abundant natural resources, particularly minerals, oil and gas.
He, however, said that it was unfortunate that these resources had not been utilised for the benefit of the citizens who were the lawful owners.
The principal regional adviser said that the resource endowments had brought only colonial and neo-colonial occupation, exploitation, displacement, environmental devastation, poverty and civil conflict to the continent.
He said that countries like UK and the U.S. used their natural resources as foundation for their sustained and broad-based development.
He said the key determinant of a country’s success or failure was how it was governed and not how poorly ruled.
Desta said that Nigeria, a leading member in the group, was one of the 17 countries that had been reviewed by the group in the past 12 years.
He said that APRM was a platform for consultative, friendly, thorough and comprehensive examination of extractive industry among the member nations.
He said that the work of APRM was to examine the extent to which its idea had been put to effective use for the benefit of the African people.
The principal regional adviser said that the group had 75 member countries.