…Addresses Harvard’s 2025 Africa Business Conference
Former Vice President, Dr Mahamudu Bawumia, is set to deliver the keynote address at the 27th Annual Africa Business Conference hosted by the Africa Business Club of Harvard Business School.
This will be his second such international engagement after a similar one as a keynote speaker at Nigeria’s National Conference on Strengthening Democracy in Nigeria, last week.
The Harvard conference, themed, “Beyond Borders: A Myth or a Mandate for Africa’s Progress?” will take place on February 14-15, 2025, in Boston, Massachusetts.
This prestigious gathering, which brings together leaders from across Africa and the diaspora, aims to explore Africa’s economic and business landscape, while addressing the challenges and opportunities in fostering sustainable development.
Bawumia, is expected to provide insights into Africa’s evolving role in the global economy.
The Africa Business Conference at Harvard Business School, is recognized as one of the largest student-run conferences on African business and leadership, drawing entrepreneurs, policymakers, and thought leaders from around the world.
The former Vice President, in Nigeria, said that ensuring a strong and thriving democracy on the African continent goes beyond voting, counting and successfully electing a leader.
Dr Bawumia, said there are several other imperatives, which are “often taken for granted,” but play a critical role in guaranteeing a democratic culture, “resilient enough to deliver governance, economic and social dividends to citizens.”
“The right of the citizenry to choose leaders in a free and transparent manner is sacrosanct and remains one of the most vital anchors of a true democratic dispensation. But choosing and/or changing leaders through the ballot box, though necessary, is not sufficient to guarantee a true and flourishing democratic culture,” Dr Bawumia said at the forum which also had Nigeria’s Vice President, Kashim Shettima in attendance.
“There are several other imperatives including often-taken-for-granted issues that, when combined with peaceful and credible elections, enrich and sustain our democracy.
One of the most important determinants of a flourishing democracy, Dr Bawumia observed, is “the quality of institutions capable of guaranteeing rights” and “checking wanton abuse of power,” which he said include independent election management bodies, the judiciary, the ombudsman, the police, other law enforcement agencies, and many others.
“I am an economist, a banker, and a politician. One of the most topical issues about growth that has been extensively discussed by development economists is the now famous institutions and geography debate. Celebrated economists like Dani Rodrick, Daron Acemolgu, and others, have come to a firm conclusion that when it comes to the determinants of growth, the quality of institutions towers above everything else.”
Dr Bawumia, however, noted that while the culture of peacefully choosing leaders is being entrenched in many African countries,” these institutions are becoming weak and endangered.”
The former Vice President, identified a number of reasons he said contribute to weakening institutions, and called action to address them for stronger democracies.
“Several reasons account for this; First, Mr Chairman, when we place partisan, ethnic, and other interests over and above competence in appointments to these institutions, we are simply creating mere edifices and structures to reward cronies, creating avenues for reluctant democrats to get a back door route to autocracy and misgovernance.”
“Second, there is a growing phenomenon in our democracy whereby people deliberately run down these independent and accountability institutions purely on emotive reasons, especially when these institutions decide, as they should, to uphold the law in the interest of the masses and in strict fidelity to the law.”
“It is rather alarming that sometimes these bastardizations of the institutions are railroaded by people with loud voices; people with professional and technical pedigrees; and people who know the truth as espoused by these institutions. For these people, partisan and sectional interests are often packaged as technical and professional opinions, thereby setting these institutions up for public ridicule, scorn, and disdain.”
“This has often set the stage for people with no appreciation of the issues at stake to run amok, eroding public confidence in these institutions and causing substantial damage to our democracy.”
Dr Bawumia was firm in his belief that for democracy to be wholly strengthened, all these issues that inhibit the strengthening and growth of democratic institutions, must be nipped in the bid.
Other Speakers at the forum, included Nigerian Vice President, Kashim Shettima and former Nigerian leader, General Abdul Salam Abubakar.