SIFAX urges economic inclusion to tackle global instability

SIFAX Group Chairman Dr Taiwo Afolabi has urged for stronger integration of economic investment into global architecture to address global instability. Speaking at the United Nations General Assembly High-Level Global Executive Roundtable on Diplomacy, Multilateralism and Conflict Resolution, Afolabi emphasized that peace and prosperity are mutually reinforcing, and stressed the need for preventive diplomacy, sustainable development, and economic inclusion.

He highlighted the challenges faced by Africa, such as infrastructure deficits, financing constraints, trade barriers, and limited economic opportunities, and called for investment in transport infrastructure, ports, energy, technology, manufacturing, agriculture, healthcare, education, and human capital. Afolabi also emphasized the importance of stronger regional value chains, improved connectivity across African economies, and the role of the private sector in creating economic connections that can strengthen cooperation between communities, businesses, and countries.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.