Tinubu Urges Afreximbank to Accelerate Africa's Industrialization

During a visit from a delegation of the African Export-Import Bank led by its President and Chairman of the Board, Dr. George Elombi, President Bola Tinubu charged the bank to intensify efforts in mobilizing resources for Africa's industrialization.

He highlighted Africa's vast human and financial resources and the need to move beyond theoretical discussions to practical actions that drive industrial growth, expand trade, and create jobs. Tinubu discussed recent economic reforms in Nigeria, including the removal of fuel subsidies and addressing multiple exchange rates, as essential steps to combat corruption and ensure economic survival.

He stressed the importance of building reliable infrastructure and creating economic opportunities, particularly in the agricultural sector. Tinubu's administration aims to diversify Nigeria's economy, reducing dependence on crude oil revenues.

Dr. Elombi thanked Tinubu for his support and mentioned Afreximbank's commitment to invest $2 billion in Nigeria's cotton and garment industry.