Speaking at a session during the international monetary fund in Washington DC, the Minister of Finance , Kemi Adeosun stated that foreign investors and donors should note that Africa has a great need for infrastructure hence would offer great returns on investment. Mrs Kemi Adeosun said that investors should come and invest in infrastructure not iPhone and expensive suits that will drive consumption.
In her words “We are hungry for infrastructure. We’ve got 170 million people who don’t have power in sufficient quantities, we don’t have a rail system, we don’t have a road structure, we believe that if we solve these infrastructure challenges, the entire productivity chain — agriculture, solid minerals, manufacturing, our unemployment problems — could all be solved.
“Our population is young; we have to provide a standard of living that keeps young vibrant Africans in Africa, because we think that is very important for eliminating poverty.”
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