President Bola Tinubu on Wednesday called on African nations to abandon the long-standing practice of exporting raw minerals and importing finished products, warning that the continent would remain trapped in poverty unless it embraces industrialisation, value addition and regional cooperation.
Tinubu said Africa possesses the resources needed to power the global energy transition but must move beyond being a supplier of raw materials to becoming a centre for manufacturing, processing and innovation.
The President, who was represented by the Minister of Solid Minerals Development, Dele Alake, at the opening ceremony of the fifth African Natural Resources and Energy Investment Summit held in Abuja, declared that the continent had reached a defining moment in its development journey.
The summit, which attracted delegates from more than 15 African countries and was themed, “One Africa, One Resource Vision,” brought together ministers, investors, development institutions, mining executives, energy experts and policymakers to discuss the
This post was originally published on this site.
