FG URGES AFRICA TO REASSESS STRATEGY FOR EQUITABLE GLOBAL TRADE
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By: Adeleke Barakat
Nigeria has urged African countries to reconsider their joint strategy toward global trade, cautioning that no nation on the continent can prosper alone in the face of evolving economic challenges.
Speaking on Monday at the 2nd African Cassava Conference in Abuja, themed “Building Sustainable & Quality-Driven Cassava Industries in Africa,” the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, emphasized that although Nigeria is making significant investments in grassroots economic development, Africa must also face the challenges of global trade where coordinated, collective efforts are crucial for long-term, sustainable growth.
Bagudu noted that African leaders have consistently affirmed, across various platforms, the continent’s commitment to fostering a fair global trading system.
“Africa, while holding this position, must also recognise areas where no single country can succeed alone and international trade is one of them.
“We want trade; we want inclusive participation. We envision a shared model of development where everyone is supported, no matter where they live,” he said.
The Minister also outlined the Federal Government’s ongoing macroeconomic reforms, explaining that they are intended to create new revenue opportunities for all tiers of government and boost local economic competitiveness.
He stated that these reforms are directing fresh resources into Nigeria’s Renewed Hope Ward Development Plan a nationwide initiative focused on identifying and supporting economic prospects across all 8,809 wards.
“The overarching goal of Nigeria’s macroeconomic reforms is to generate more resources for the three levels of government, while also providing support for our hardworking citizens.
“That is why the Federal Government introduced the Renewed Hope Ward Development Plan, a transformative programme that involves mapping the economic opportunities within every one of Nigeria’s 8,809 wards,” Bagudu said.
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