Ferguson, Osinbajo call for African infrastructure investment to boost global presence

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African Infrastructure Investment News

Roger Ferguson

Participants at the 2024 Afreximbank annual general meeting in Nassau, Bahamas, have called for significant investment in infrast

ructure and stronger institutions to enable Africa's full participation in the global economy. According to experts, Africa, comprising 17 per cent of the world's population but commanding just 4 per cent of global GDP and a mere 2…ructure and stronger institutions to enable Africa’s full participation in the global economy.

However, he stated that the challenges posed a greater opportunity for the continent to embrace more efficient technologies. Also speaking, former Vice President, Yemi Osinbajo, stressed the need for Nigeria and Africa to translate their huge economic potential into reality. According to him, heightening geopolitical tension, underpinned by trade and investment wars has continued to undermine the growth aspirations of developing nations, especially in Africa.

President Bola Tinubu is set to receive a draft bill on Friday proposing a return to a regional system of government for Nigeria. The bill, written by Akin Fapohunda, a prominent chieftain of the Yoruba socio-cultural group Afenifere, seeks to change the current governance model established by Decree 24 of 1999. The proposed legislation titled…

 

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