5 articles tagged
Former Ekiti State governor Kayode Fayemi has urged African nations to pursue economic partnerships with Western countries that prioritize local value addition, industrialization, and technology transfer. He emphasized the need for Africa to leverage its resources for greater benefit and move beyond raw material export.
John Alamu, the Founder and Group Managing Director of CapitalSage Holdings, has called for a focus on agro-industrial investment and value addition to facilitate economic growth in Ondo State.
Business analyst Chika Mbonu has lamented Nigeria's persistent practice of exporting raw commodities without value addition, calling it a significant setback for the nation's economic development. He emphasized the need for local processing to boost foreign exchange earnings and create employment.
Abdul Samad Rabiu, Chairman of BUA Group, is urging African nations to prioritize industrialization and value addition over the mere extraction of raw materials. He highlighted the need for local processing to capture greater economic benefits.
WTO Director-General Ngozi Okonjo-Iweala emphasized the importance of value addition to African products to enhance intra-continental trade during an interview in Davos, encouraging sectors like textiles and digital services.
