BoI MD Calls for Cheaper Credit to Boost African Manufacturing

Dr. Olasupo Olusi, the Managing Director of the Bank of Industry (BoI), highlights the necessity of affordable long-term credit to drive manufacturing in Africa.

He stresses the importance of strategic actions to unlock the continent's industrial potential through infrastructure development, energy reforms, and access to finance. Olusi warns of missed opportunities without addressing power deficits and transportation challenges.

He proposes transformative projects like the Lagos-Abidjan highway and trans-Saharan trade routes to enhance regional connectivity and reduce production costs.