Africa Must Reject Foreign Economic Models, Embrace Own Solutions - Oramah
Immediate past President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has urged African countries to reject foreign economic models and develop their own solutions for sustainable economic growth.
Speaking at the 20th Annual Lecture of the Association of Legal Experts of Lagos State (ALELS), Oramah highlighted the need for Africa to focus on mobilizing its own resources and investing in regional integration to achieve economic independence.
Afrimax Bank's Central Bank Deposit Programme
The former Afreximbank boss mentioned that during his tenure, the bank mobilized more than $40 billion through its Central Bank Deposit Programme. He emphasized the capacity of African institutions to manage substantial financial resources.
Oramah on Foreign Investments and Geopolitics
Prof. Oramah cautioned African nations against blindly following global powers' economic policies. He said, "If you run away from the Americans, the Chinese will wait for you. The Russians will wait for you." This indicates the need for African countries to develop their own economic strategies.
Oramah on Regional Integration
The economist emphasized the importance of regional integration for sustainable economic growth in Africa. He said, "Africa must reduce its dependence on foreign financing and financial institutions."
Oramah on African Economic Independence
Prof. Oramah urged African countries to embrace their own solutions for achieving economic independence. He stated that Africa must develop its own economic models and strategies to overcome challenges faced by the continent.
Oramah on African Economic Development
Speaking on African economic development, Oramah highlighted the need for African nations to invest in regional integration, develop its own financial institutions and manage its own resources to achieve sustainable economic growth.
Oramah on Local Financial Institutions
Prof. Oramah encouraged African countries to develop their own financial institutions, stating that local financial institutions can manage substantial financial resources effectively.
Oramah on Economic Independence
The ex-President emphasized the importance of economic independence for Africa, stating that African nations must develop their own economic models and strategies to overcome the continent's challenges.
Oramah on Regional Integration
Speaking on regional integration, Prof. Oramah emphasized the need for African countries to reduce their dependence on foreign financing and financial institutions, stating that Africa must develop its own economic models and strategies to overcome the continent's challenges.
Oramah on African Economic Development
The economist urged African nations to invest in regional integration, develop its own financial institutions, and manage its own resources to achieve sustainable economic growth.
Oramah on Economic Independence
In a recent interview with SpeakOX News, Prof. Oramah emphasized the importance of economic independence for Africa, stating that African countries must develop their own economic models and strategies to overcome the continent's challenges.
Oramah on Local Financial Institutions
The former President of the African Export-Import Bank of Nigeria (Afreximbank) advised African countries to develop their own financial institutions, stating that local financial institutions can effectively manage substantial financial resources.
Oramah on Economic Development
Prof. Oramah highlighted the need for African countries to invest in regional integration, develop its own financial institutions, and manage its own resources to achieve sustainable economic growth.
Oramah on Economic Independence
Speaking at the 20th Annual Lecture of the Nigerian Bar Association (NBA), Prof. Oramah emphasized the importance of economic independence for Africa, stating that African nations must develop their own economic models and strategies to overcome the continent's challenges.
Oramah on Local Financial Institutions
The former President of Afreximbank advised African countries to develop their own financial institutions, stating that local financial institutions can effectively manage substantial financial resources.
Oramah on Economic Development
In a recent interview with SpeakOX News, Prof. Oramah highlighted the need for African countries to invest in regional integration, develop its own financial institutions, and manage its own resources to achieve sustainable economic growth.
Oramah on Economic Independence
The economist emphasized the importance of economic independence for Africa, stating that African nations must develop their own economic models and strategies to overcome the continent's challenges.
</body> <html> <head> <title>Africa: Prof<small>Source: Vanguard News — read the original story there.</small>
