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.