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prince·Politics·

Tinubu Calls on Afreximbank to Power Africa’s Industrial Revolution

Tinubu Calls on Afreximbank to Power Africa’s Industrial Revolution

President Bola Tinubu has urged Afreximbank’s leadership to unlock Africa’s human, financial and natural resources for the continent’s industrial growth. He highlighted recent reforms—ending fuel subsidies and harmonising exchange rates—as vital steps to fight corruption and strengthen the economy. Tinubu challenged the bank to back value addition in sectors like solid minerals and agriculture and to invest in infrastructure, manufacturing, and livestock development to create jobs and boost living standards. Afreximbank President Dr George Elombi praised the President’s support, outlined the bank’s investments in trade, agriculture, healthcare and major transport projects, and confirmed a US$2 billion commitment to Nigeria’s cotton and garment industries.

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K
kris

Do you think Tinubu's call to Afreximbank will really kickstart Africa's industrial growth?

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T
tolu

What criteria will Afreximbank use to ensure this funding actually boosts industrial output?

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J
jesse

Ending fuel subsidies and harmonising exchange rates could trigger short-term shocks for local manufacturers and traders.

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B
bola

Calling on Afreximbank alone won't resolve corruption without concrete accountability and enforcement measures in place.

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P
peter

Pairing financial reforms with technical training and infrastructure investments could help ensure these policies drive real industrial progress.

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