News
Nigeria, South Africa Leaders Look to Advance Economic Cooperation
Recall that on Monday, President Tinubu advanced his economic development diplomatic drive for investment attraction as he held a bilateral meeting with South African President, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly.
President Tinubu asserted that Africa must have a consensus view that the hundreds of billions of dollars spent through International Development Finance Institutions over the years must meet the specific needs of developing democracies in Africa, even if it is done with exclusive regard for their own enlightened self-interest.
He said: “During the end of the Second World War, the Marshall Plan was established for the reconstruction and economic restoration of European nations through Bretton Woods institutions. Where has this presence been for Africa? We have to be careful not to replace the broken shackle of yesterday with a new set of shackles. You can not have a stable democracy in the presence of a poverty of knowledge and a starvation of people.
“Democracy without food on the table is a breeding ground for what will consume us if care is not taken. We must join hands and agree that International Finance Institutions require reform as Africa is not to be a ground for economic scavenging any longer, but it is a place with gifted people that is ready for investment and cooperation.
“We have all the human and natural resources required between our nations. We can collaborate in a mutually beneficial way that enriches our populations. South African Mining industries have a role to play in the Nigerian solid minerals development sector. Your business community has done well in Nigerian Telecommunications.
“We have great mineral wealth across our land, and you have good expertise in this area. We expect to deliver jobs and mutually beneficial results in this area as brother and sister countries.“
-
Business6 days ago
Billionaire Femi Otedola, Zenon Petroleum Sue Zenith Bank Over Illegal Acquisition Of Shares; Demand Over N100bn As Relief
-
Politics4 days ago
Ijaw leaders to Fubara: Begin probe of incomes, contracts awarded under Wike
-
News6 days ago
Akpumuama Community gets New Town Hall from Hon. Kesiye Taribo
-
Sports5 days ago
2024 AFCON: Nigeria Thrash Burundi 11-0, Qualify For Quarterfinal
-
Politics5 days ago
Sunny-Goli insists on EFCC probe of Wabote-led NCDMB, denies plot to stage protest.
-
Politics7 days ago
Renewed Hope has turned to hopelessness, Prof. Yusuf tackles Tinubu’s govt
-
Politics5 days ago
Otti swings into action to rescue 3 stolen Abia school kids of same parents
-
News5 days ago
CJN blasts judges over conflicting judgements