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As far as I know a lot of that money is being spent towards family planning awareness. He is also heavily involved in sponsoring crop research. One of the grains that he favors is sorghum, a very drought resistant crop. Having grown up on a farm and seen sorghum in dry years, I can attest thereto .
Some research have also shown that if there is less illness and early deaths, the population tend to become more educated and less likely to want big families. How valid it is I don't quite know.
I think we need more dams so that we can have more irrigation as well, else we will definitely have wars over water. Africa gets more than enough water in certain places, so thagt it can produce more than enough food for the whole continent and have surplus... It is just a matter of using what we get.