Friday 18th August, 2017
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AFC changing Nigeria, Africa's infrastructure deficit - Obasanjo

AFC changing Nigeria, Africa's infrastructure deficit - Obasanjo

At the ongoing 10th African Finance Cor­poration summit in Abuja, former President Olusegun Obasanjo has con­firmed that the continental organization is indeed chang­ing Nigeria and Africa’s in­frastructure deficit, a major hurdle to development of the continent.
The ex president expressed this position during a panel discussion on Foundation for Growth just as he challenged AFC to ensure continuity in all its endeavours to ensure growth of Nigeria and Africa.
Obasanjo commended the efforts of the AFC towards ensuring provision of infra­structure in Africa, in spite of its rough beginning due to lack of understanding by its past leaders adding the corporation had been able to thrive, in spite of the instabil­ity and uncertainties in the economies of the world.
According to him, peace, integration and good leader­ship were the three factors necessary for the corporation to increase its investment in infrastructure in Africa.
His words: “With these three factors, I see an AFC that will become a household name everywhere in Africa; I see an AFC that will be com­peting and complementing the World Bank, if not over­taking it.
“I think is also very im­portant for us to believe in ourselves.
“There are many things that are wrong but while we are thinking about those things that are wrong we should also commend our­selves about things that are right,’’ he said.
“In 10 yearstime, if AFC continues to do things right, it will be a big umbrella not only for Nigeria but for Af­rica.”
Going down memory lane, Obasanjo recalled that Africans have a few things right but lack continuity while recalling the Nigerian experience to clarify his po­sition.
According to him, “We in Africa have done a few things right, part of our problem is that we do not continue to do things right.

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