Obasanjo Calls for New Global Financial System to Drive Africa's Development

Former Nigerian President Olusegun Obasanjo, speaking at the World Economic Forum in Davos, advocates for a fundamental reset of the global financial system to enable Africa and the Global South to achieve sustainable development. He points out the challenges of dwindling aid flows and rising debt burdens as major constraints to Africa's growth.

Obasanjo emphasizes the necessity for a new financial architecture to support Africa's development, highlighting the launch of the "Accra Reset" initiative aimed at mobilizing resources across Africa and the Global South. He stresses the importance of innovative financing approaches to drive inclusive growth and improve livelihoods across the continent.