Africa's Dependency Ratio and the Call for Authentic Growth

Adéwálé Àjàdí addresses the colonial mindset that has influenced African societies, suggesting that many have internalized a model that equates modernization with Westernization. He highlights the demographic challenges Africa faces, noting a population of 1.5 billion, which is underpopulated relative to its landmass.

The dependency ratio in Africa remains high, with projections indicating 78 dependents for every 100 workers by 2026. This situation stems from historical policies, particularly the Structural Adjustment Programme implemented by the IMF in the 1980s, which led to significant disinvestment in education and social care. Àjàdí argues that this has resulted in a labor market unable to support family and communal responsibilities, particularly for the youth.

He contrasts Africa's dependency ratio with the optimal balance achieved by the Asian Tigers, which allowed for economic growth and investment. The article emphasizes the urgent need for Africa to authentically embrace its future to address these challenges.