The New Partnership for Africa’s Development (NEPAD) framework evolved from a mandate given to the five initiating Heads of State (Algeria, Egypt, Nigeria, Senegal and South Africa) by the Organization of African Unity (OAU) now African Union (AU) to develop an integrated socio-economic development framework for Africa. The 37th Summit of the OAU in July 2001 formally adopted the strategic framework document.
Resolution 57/7 of the United Nations Assembly in 2002 adopted the New Partnership for Africa’s Development (NEPAD) as a framework for supporting development in Africa, and advised that all African countries establish a National NEPAD Office. In the same year, the National Assembly of Nigeria ratified and adopted the African Union Consultative Act of which NEPAD programme and initiative are part thereof.
It is a strategic framework for Africa’s renewal and sustainable development. It is a framework of Action Plan between Africa and the rest of the world. It is a comprehensive integrated development plan that addresses key social, economic, environmental and political priorities. It is a unique opportunity to improve governance in Africa and lure investment to the continent.
The primary goals of NEPAD are:
Work with African countries, both individually and collectively towards sustainable growth and development
Build an integrated, prosperous and peaceful Africa driven by its own citizens and representing a dynamic force in the global arena
NEPAD is designed to address the current challenges facing the African continent. Issues such as the escalating poverty levels and underdevelopment of African countries and the continued marginalization of Africa from the global economy needed a radical new intervention, spearheaded by African leaders – that would bring forth a new Vision for Africa’s Renewal. Therefore the objectives of NEPAD among others are:-