Tinubu Urges Afreximbank to Boost Africa's Industrialization

During a visit to the African Export-Import Bank (Afreximbank) in Abuja, President Bola Ahmed Tinubu called for intensified efforts to mobilize resources for Africa's industrialization. He stated that Africa must move beyond theoretical discussions and implement practical actions to drive industrial growth, expand trade, and create jobs.

Tinubu highlighted the continent's vast human and financial resources, emphasizing the importance of reliable infrastructure for sustainable economic development. He discussed the need for Afreximbank to synergize with agricultural investments, particularly in crops like cocoa and palm oil, to ensure tangible benefits for the economy.

Tinubu also addressed the longstanding conflict between farmers and herders, proposing the establishment of a Ministry of Livestock Development to create economic opportunities. Dr.

George Elombi, Chairman of Afreximbank, expressed gratitude for Tinubu's support and noted the bank's commitment to investing $2 billion in Nigeria's cotton and garment industry, as well as its broader portfolio of investments in trade and agriculture over the past five years.