BoI MD Urges Coordinated Action for Africa's Industrial Growth
The Bank of Industry's Managing Director, Dr. Olasupo Olusi, advocates for concerted efforts to drive sustainable industrial growth in Africa. He highlights the importance of aligning government, business, and citizens towards building a competitive industrial base.
Olusi outlines a five-point pathway for industrial transformation, emphasizing infrastructure development, energy reforms, access to long-term financing, investment in human capital, and value chain integration. He stresses the significance of strong institutions and coordinated industrialization efforts.
Olusi also discusses the need for significant annual investments to achieve universal electrification in Africa by 2030. Projects like the Lagos-Abidjan highway are seen as crucial for enhancing trade and reducing costs.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
BoI Urges Africa to Industrialize for Economic Growth
BoI MD Calls for Cheaper Credit to Boost African Manufacturing
IFC Warns: African Businesses Face 35% Higher Tech Costs Than Global Peers
African Financiers Pledge $100B for Green Growth, Nigeria Eyes Renewable Energy Revolution
Experts Call for Bankable Projects to Transform Africa's Infrastructure Landscape
BoI Accredited by Adaptation Fund, Unlocks $20M for Climate Projects
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
