Obasanjo Urges Stronger African Economies to Lead as Growth Stalls Across the Continent.
Obasanjo has warned that Africa’s major economies must grow first before weaker states can achieve shared prosperity.
Former President Olusegun Obasanjo, on Thursday said African countries must collaborate to realise their economic aspirations, noting that growth had retarded in the continent in recent times.
He spoke at the 2025 Annual Meetings of Afreximbank, with the theme, “Building the Future on Decades of Resilience”, in Abuja.
Obasanjo said for Africa to achieve economic prosperity, its leading economies including Nigeria, Egypt, Ethiopia, Democratic Republic of Congo (DRC) and South Africa among others, must first grow as expected before helping weaker economies such as Morocco, Kenya and Senegal to grow.
He alluded to the fact that economic prosperity cannot be realised in isolation – as stronger economies needed to pull the weaker ones along to achieve an all-round growth that will be inclusive.
But he expressed worry that the so-called major economies have themselves experienced slower growth, talk of assisting smaller countries.
Referring to them as “lions and cubs”, the former president said stronger and weaker nations must work together to clear economic obstacles and trade with one another.
Yet, he declared that there are “country’s that must make it (grow) for Africa to make it together.”
Obasanjo has warned that Africa’s major economies must grow first before weaker states can achieve shared prosperity.
Former President Olusegun Obasanjo, on Thursday said African countries must collaborate to realise their economic aspirations, noting that growth had retarded in the continent in recent times.
He spoke at the 2025 Annual Meetings of Afreximbank, with the theme, “Building the Future on Decades of Resilience”, in Abuja.
Obasanjo said for Africa to achieve economic prosperity, its leading economies including Nigeria, Egypt, Ethiopia, Democratic Republic of Congo (DRC) and South Africa among others, must first grow as expected before helping weaker economies such as Morocco, Kenya and Senegal to grow.
He alluded to the fact that economic prosperity cannot be realised in isolation – as stronger economies needed to pull the weaker ones along to achieve an all-round growth that will be inclusive.
But he expressed worry that the so-called major economies have themselves experienced slower growth, talk of assisting smaller countries.
Referring to them as “lions and cubs”, the former president said stronger and weaker nations must work together to clear economic obstacles and trade with one another.
Yet, he declared that there are “country’s that must make it (grow) for Africa to make it together.”
Obasanjo Urges Stronger African Economies to Lead as Growth Stalls Across the Continent.
Obasanjo has warned that Africa’s major economies must grow first before weaker states can achieve shared prosperity.
Former President Olusegun Obasanjo, on Thursday said African countries must collaborate to realise their economic aspirations, noting that growth had retarded in the continent in recent times.
He spoke at the 2025 Annual Meetings of Afreximbank, with the theme, “Building the Future on Decades of Resilience”, in Abuja.
Obasanjo said for Africa to achieve economic prosperity, its leading economies including Nigeria, Egypt, Ethiopia, Democratic Republic of Congo (DRC) and South Africa among others, must first grow as expected before helping weaker economies such as Morocco, Kenya and Senegal to grow.
He alluded to the fact that economic prosperity cannot be realised in isolation – as stronger economies needed to pull the weaker ones along to achieve an all-round growth that will be inclusive.
But he expressed worry that the so-called major economies have themselves experienced slower growth, talk of assisting smaller countries.
Referring to them as “lions and cubs”, the former president said stronger and weaker nations must work together to clear economic obstacles and trade with one another.
Yet, he declared that there are “country’s that must make it (grow) for Africa to make it together.”
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