Elumelu calls for African growth strategy centred on trade
Nigerian businessman Tony Elumelu has urged a move away from aid-led approaches towards trade and private-sector partnerships for Africa at the United Nations General Assembly. The available report does not specify the measures he proposed or identify other participants who responded to the call.
Nigerian businessman Tony Elumelu has called for Africa to move from dependence on aid towards greater use of trade, Punch Nigeria reported. Elumelu made the appeal at the United Nations General Assembly, where he urged the development of private-sector-led partnerships across the continent. His position places businesses and commercial cooperation at the centre of Africa’s economic relationships.
The available report does not provide further details on the industries, countries or institutions he had in mind. It also does not explain whether he proposed specific trade reforms, investment commitments or changes to existing aid programmes. The remarks amount to a call for a different development approach, focused on transactions and partnerships led by private companies rather than assistance alone.
No response from governments, international organisations or other delegates was included in the supplied material.
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