.Bank commits $20bn into Nigerian economy in the last five years
Deji Elumoye in Abuja
President Bola Tinubu has charged the leadership of the African Export-Import Bank (Afreximbank) to intensify efforts to mobilise and deploy the continent’s vast human, financial and natural resources for the collective economic advancement of Africans.
According to him, Africa’s drive to industrialisation cannot remain a subject of theoretical discussion.Tinubu disclosed this on Tuesday during a visit by a delegation from Afrieximbank, led by its President and Chairman of the Board, Dr George Elombi, to the State House, Abuja.
The President said his administration’s recent economic reforms, such as ending the fuel subsidy and tackling multiple exchange rates, are essential steps to combat corruption and ensure economic survival.Tinubu stressed that Africa possesses enormous potential and must move beyond endless conversations about development to practical actions that drive industrial growth, expand trade, create jobs, add value, and improve the living standards of its people.
