Thursday, November 11, 2021 / 10:00 a.m. /BUA /Header image credit: OBU
Abdul Samad Rabiu, Founder/Executive Chairman of BUA Group called for a three way meeting partnership between the African private sector, government and financial institutions to accelerate growth and development in Nigeria and Africa. According to Rabiu, who is the chairman of the France Nigeria Business Council, this partnership will identify sustainable solutions to infrastructure, climate and industrialization problems.
Speaking at the Nigeria International Partnership Forum in Paris, France, Abdul Samad Rabiu noted that despite the challenges occasioned by the global pandemic, African governments must work with the private sector at all levels to develop sustainable policies. that will foster investment and innovation as financial institutions need to move with the times and come up with more innovative approaches to support growth on the continent.
According to Abdul Samad Rabiu, the Nigeria Partnership Forum is timely and a welcome development – especially for Nigeria and the rest of Africa in the face of growing global economic uncertainty and challenges brought on by the latest global pandemic.
“Many opportunities for global partnerships exist across Nigeria and Africa. One of the main ones is in the infrastructure space. By increasing our investments in infrastructure, creating access across borders, encouraging free movement of goods and services under the AfCFTA and opening up the continent, it is expected that supply chains will become more efficient, trade will be strengthened, new industries and industrial bases will emerge while intra-African integration will be enhanced.All this will ensure that Nigerians and Africans will be better off.
“We also need to see more three-way partnerships between the African private sector, governments and development finance institutions to accelerate growth. I think the conversations in this important forum will address this while challenging our approach of the future of Nigeria We can all agree that there are challenges but while they may seem many, we cannot give up or choose to remain docile in our drive to accelerate development and innovation .
“Our financial institutions must move with the times and come up with more innovative approaches to support growth on the continent. Governments, for their part, must work at all levels to develop sustainable policies that will foster investment and innovation. As investors, we must be willing to share our expertise and experiences with regulators, financial institutions and governments. This will ensure that we can easily replicate what works and improve on what does not. We must identify quick wins and long term solutions to the problems of poverty, economic stability, climate and industrialization and working together to ensure that future generations can compete effectively in the global world order.It is our responsibility .
Finally, Rabiu pledged the support of the France Nigeria Business Council to support the two countries’ quest to increase the flow of investment, goods, services, skills and partnerships.
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