PRESIDENT TINUBU CAUTIONS AGAINST AFRICA’S RELIANCE ON RAW MINERAL EXPORTS
Afia Radio
President Bola Tinubu has urged an end to Africa’s role as a mere exporter of raw minerals, warning that continuing to export unprocessed resources perpetuates poverty and underdevelopment across the continent.
Speaking at the Africa Minerals Strategy Group event during the United Nations General Assembly in New York, Tinubu, represented by Vice President Kashim Shettima, emphasized the necessity of processing Africa’s mineral wealth locally.
He pointed out that although Africa holds a substantial share of global mineral reserves, 92 percent of platinum, 56 percent of cobalt, and 54 percent of manganese, it remains heavily dependent on foreign markets for refining and manufacturing products from these raw materials.
The Nigerian leader called on African nations to adopt an agenda that prioritizes local value addition, which he sees as crucial to industrializing the continent and driving sustainable economic growth.
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