October 5, 2024
President Tinubu urges African Nations to embrace industrialisation
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President Tinubu urges African Nations to embrace industrialisation

President Tinubu urges African Nations to embrace industrialisation
President Tinubu urges African Nations to embrace industrialisation

President Bola Tinubu has warned against the grim consequences of Africa’s continued stance as a supplier of raw minerals to countries of other continents.

The Nigerian leader made the observation while delivering his keynote address during the African Minerals Strategy Group (AMSG) meeting on the sidelines of the ongoing 79th Session of the United Nations General Assembly in New York, United States.

Represented by his vice, Kashim Shettima, he stressed that while Africa holds a significant portion of the world’s mineral reserves, including 92% of global platinum, 56% of cobalt, and 54% of manganese, these resources have been primarily extracted and exported to foreign countries for refining and manufacturing. 

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President Tinubu called on African nations to adopt a new agenda that prioritises local value addition, which according to him is essential to industrialising the continent and providing sustainable economic growth.

 

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