Nigeria: Africa can save $299bn through efficient public spending — Report — Africa Links 24

Africa can save about 299 billion dollars annually through more efficient public spending.

The African Development Bank, AfDB, said this in its 2026 African Economic Outlook released during the banks 2026 annual Meetings in Brazzaville.

The report said improving spending efficiency would help African countries ease financing constraints and support economic growth.

It said that more than 40 per cent of public investment across the continent was currently lost to…