President Muhammadu Buhari has said that Africa must now pay more attention to manufacturing.
He said this in an article published on American magazine, Newsweek.
The Nigerian leader advocated that increased production must top Africa’s post-coronavirus plans.
Buhari noted that what the continent needs is the vision of the global community to match Africa’s.
Assuring that Africa is positioned to play a critical role in the remolding of a post-coronavirus, he stated that he was convinced things will be different henceforth.
Buhari said Africa has seen the West transform to a service-based economy, with much of its factory production relocated primarily to Asia.
He noted that this led to the creation of home-grown consumer goods from countries such as South Korea and China that are enjoyed around the globe as widely as are their Western equivalents.
The president added that Africa’s young population is increasingly well-educated and that governance reform is growing in strength in most countries.
He pointed out that Nigeria, a major global oil producer, has established its first private oil refinery, one of the largest in the world.
Buhari said Nigeria can now move forward with road, rail and power station construction being funded with repatriations from the U.S., U.K. and Switzerland.
The president stated that Nigeria already has, and seeks to deepen further relations with other Commonwealth countries—particularly in the interests of trade.
He expressed confidence that the African Continental Free Trade Area Agreement (AfCTA) will further boost nations’ economies.
Buhari insisted that Africa is an opportunity for all and a threat to no one.
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