5 Ways You Did Not Know The GERD Will Help Lives
The GERD is a promise to improve the many poverty-stricken lives in Ethiopia and its neighborhood. This article looks into how realistic the grand promises are.
As we all know, one of the most important things for the well-being of every family is freshwater and electricity. People everywhere rely on the government to provide these necessities. Throughout the years, the scarcity of freshwater resources has proved debilitating to the economic progress. The Grand Ethiopian Renaissance Dam is significant for the elimination of poverty in this country. Ethiopia still has a per household income of $790, despite its rapid financial growth over the past 20 years. The country is still far from developed when it comes to infrastructure and energy sources.
The Grand Ethiopian Renaissance Dam is the centerpiece of Ethiopia’s bid to become Africa’s biggest power exporter, with a projected capacity of more than 6,000 megawatts. To eradicate poverty, Ethiopia’s developmental plans prioritized hydropower projects as drivers for development and regional integration. In this context, the GERD is central to Ethiopia’s development vision of becoming a middle-income country by 2023–25 (Ministry of Finance and Economic Development of the Federal Democratic Republic of Ethiopia, 2010) and Africa’s energy hub. Ethiopia’s electricity exports are expected to increase tremendously when the GERD is commissioned to secure more hard currency for the Ethiopian government.
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