Nigeria’s Minister of Solid Minerals Development, Dele Alake, has suggested that recent trade tariffs introduced by the United States could ultimately benefit African economies if leveraged strategically.
Speaking at the 14th Annual Investment Meeting, AIM, Congress in Abu Dhabi, Mr Alake argued that the shifting global trade landscape presents a chance for African nations to rethink their economic models. He made the remarks during a panel session themed ‘The Alchemy of Foreign Direct Investment – Turning Policies into Prosperity for Emerging Global Markets.’
Also Read: Alake Blames Foreign Illegal Miners For Banditry In Nigeria
According to a statement from his media aide, Segun Tomori, the minister advocated for a stronger inward focus among African countries, calling for improved domestic policies and an expansion of intra-African trade as buffers against external shocks.
Mr Alake’s comments come amid growing debate over the broader impact of protectionist policies on developing economies.
Leave feedback about this
You must be logged in to post a comment.