Riches in oil and gas are failing to reduce poverty. Join a panel on Thursday 11 December, 1-3pm GMT to discuss how governments can capitalise on resources
Sponsored by Adam Smith International
The paradox that natural resource rich countries in Africa have failed to lift their people out of poverty has been romantically described as a “curse”, suggesting that governments are powerless to free themselves. But the reality is that a series of methodical steps can help the potential profits from oil, gas and diamonds to benefit all citizens.
“Governments need to see themselves as custodians – and not the owners – of natural resources; managing them responsibly and transparently on behalf of current and future generations,” said UK MP Lynne Featherstone in a speech on international development earlier this year.