CBN Tasks African Countries To Leverage On Population - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
November 5, 2019
The Central Bank of Nigeria CBN has urged Africancountries to invest in human capital development in order to compete globally.
The CBN Governor, Godwin Emefiele, gave the adviceat the ongoing African Economic Congress AEC in Abuja.
The theme of the maiden congress is: “Building theAfrica We Want”.
Represented by the bank’s Deputy Governor in chargeof Financial System Stability, Emefiele said the continent must use its hugepopulation as an asset.
He said the continent must leverage on this asset ofpopulation to accelerate growth and development of the Africa.
He stated that Africa was the second fastest growingeconomy with Côte d’Ivoire, Ethiopia, Ghana and Rwanda on the lead.
According to him, by year 2030, it is expected that50 per cent of Africans will live in cities.
Emefiele said that the collective continental GrossDomestic Product GDP was estimated at 2.6 trillion dollars.