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The Day the Lion Roared! Making Nigeria a Global Industrial and Economic Giant - Keynote Lecture Delivered by Dr. Akinwumi A. Adesina, President, African Development Bank Group, Business Day CEO Forum, 13 July 2023, Lagos, Nigeria.

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, growth, investment and productivity

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· Akinwumi Adesina Wiki · African Development Bank Group WikiThe Day the Lion Roared! Making Nigeria a Global Industrial and Economic Giant - Keynote Lecture Delivered by Dr. Akinwumi A. Adesina, President, African Development Bank Group, Business Day CEO Forum, 13 July 2023, Lagos, Nigeria.

ContextKeynote lecture at the Business Day CEO Forum in Lagos; the African Development Bank finances Africa's development and wants Nigeria to industrialise.

Why it mattersAdesina argues that Nigeria must move beyond oil to industrialise.

Problems raised
  1. Foreign direct investment into Nigeria collapsed.
  2. The economy depends too much on oil.
  3. Manufacturing is underdeveloped.
Solutions proposed
  1. Adopt investment-friendly policies and frameworks.
  2. Build infrastructure, logistics and financing for industry.
  3. Use a young, trained workforce to industrialise.
Read full speech on afdb.org ↗

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