Ex-Fed boss, Osinbajo advocate investment in African infrastructure

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Afreximbank News

African Infrastructure,Dr Roger Ferguson,Yemi Osinbajo

Participants at the 2024 African Export-Import Bank (Afreximbank) yearly general meeting, held in Nassau, Bahamas have advocated investment

Participants at the 2024 African Export-Import Bank yearly general meeting, held in Nassau, Bahamas have advocated investment in infrastructure and the creation of stronger institutions to enable Africa to participate fully in the global economy.

According to him, Africa’s vast infrastructure deficit has continued to constrain its growth, stressing that infrastructure development plays a pivotal role in enabling economic growth, fostering social progress and driving sustainable development. Ferguson also stressed the need for Africa to step up investment in the manufacturing sector and funding for local production.

According to him, Africa needs to find ways of dealing with local issues and tackling myriads of problems within the continent. The Nigerian National Petroleum Company Limited on Thursday demanded a special court to halt crude oil theft in Nigeria. The national oil company is also asking for a speedy resolution of offenses related to vandalism and stealing of crude oil. According to statistics from the Nigerian Extractive Industries Transparency Initiative , Nigeria is losing…

An e-commerce platform, Sellers Mart, has made commitment to empower local businesses, drive economic growth and showcase the innovative products of Nigerian entrepreneur.

 

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Ferguson, Osinbajo call for African infrastructure investment to boost global presenceParticipants at the 2024 Afreximbank annual general meeting in Nassau, Bahamas, have called for significant investment in infrast
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