President Bola Tinubu on Tuesday urged the African Export-Import Bank to speed up mobilisation of resources for Africa's industrialisation during a meeting at the State House in Abuja.
President Bola Tinubu received a delegation from Afreximbank led by its President and Chairman of the Board, Dr George Elombi. He stressed that Africa's drive to industrialisation must move from theory to practical actions that expand trade, create jobs and improve living standards.
Tinubu highlighted his administration's economic reforms, including ending the fuel subsidy and addressing multiple exchange rates. He called for value addition to raw materials such as lithium and greater investment in agriculture and manufacturing.
Dr Elombi noted that Afreximbank has invested between 15 and 20 billion dollars in Nigeria over the past five years. The bank has also committed US$2 billion to support the cotton and garment industry and has backed projects including the Lagos-Calabar Coastal Highway and the Kano-Maradi Railway line.
