Nigeria Must Decisively Tackle Its Debt Challenges, Says AfDB

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President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has stated that Nigeria must decisively tackle its debt challenges. He spoke

He further stated that what was needed for sustained growth and economic resurgence is to remove the structural bottlenecks that limit the productivity and the revenue earning potential of the huge non-oil sectors.

He stated “Nigeria must build quality health care systems that will protect its population, today and well into the future. “Nigeria must revamp its local pharmaceutical industry and launch strategic investments for local vaccine manufacturing.Adesina also further stated the government should not be decongesting the ports inNigeria, rather “we should be transforming the ports.

“Nigeria should rapidly modernize and transform its ports. Ports are not there for revenue generation.“They are for facilitating business and exports, and stimulating industrial manufacturing, and competitiveness of local businesses and exports,” Adesina said.“A little, maybe. That it is insecurity. Yes, maybe, to some extent. That it is middlemen. A little, maybe.

 

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