Lagos, Nigeria - The New Partnership for Africa’s Development (NEPAD) Business Group-Nigeria is to organize a capacity building retreat in 3 May in Lagos, the commercial nerve centre of Nigeria, according to the organizers. The theme for the one-day retreat is, ”Deepening Interpretative Understanding of New Partnership for Africa’s Development for Business Opportunities.' The President of African Business Roundtable and Chairman of NEPAD Business Group Africa, Bamanga Tukur, will declare open the retreat. Ejeviome Eleho Otobo, Director And Deputy Head of the Peace Building Support Office (PBSO) of the United Nations in New York will moderate the event. The New Partnership for Africa’s Development (NEPAD) is a comprehensive framework for the political and socio-economic transformation of African countries and the African continent. Its main features include principles of African ownership and multi-stakeholder partnership in a collective resolve to move Africa forward.

NEPAD promotes partnership between all the countries of the continent of Africa; between the public and private sectors in Africa; between African governments and their civil societies and between Africa and the rest of the world.

These include multilateral institutions like United Nations System, the World Bank and the International Monetary Fund (IMF), and the G-8 group.

NEPAD's primary objectives are to eradicate poverty, to place African countries, both individually and collectively, on a path of sustainable growth and development.

In addition, it is to halt the marginalization of Africa in the globalization process and enhance its full and beneficial integration into the global economy and to accelerate the empowerment of women.

Pana 30/04/2011