FIN International Trade and Investment Forum 2024

During the FIN International Trade and Investment Forum, a sideline event at the United Nations General Assembly, UNGA, New York, organized by the Foreign Investment Network, which brought together leaders from business, government, and civil society to discuss how to accelerate economic growth and development through improved access to energy, Former President of Nigeria Olusegun Obasanjo stressed all efforts and energy channeled towards the development of Africa economically and socially will not materialize without creating a special environment for investment to come into the continent for power generation, power distribution and robust power transmission.

President Obasanjo stated, “I will challenge this forum to work out what should be the factors that our leaders should consider, what should be the factors that Africans in the private sector will consider, and what will be the factors that foreign investors will need and consider to be able to power Africa in terms of our development economically and socially.”

In other words, we need to develop a comprehensive plan that considers all stakeholders’ needs if we want to see real progress. Dr. Okonjo-Iweala echoed this sentiment. She said it was significant that the continent’s green statistics on energy access were mentioned because the International Energy Agency has predicted a $28 billion annual investment gap for energy in Africa up to 2030.” See more here.