President Bola Ahmed Tinubu has said Africa must have a consensus view that the hundreds of billions of dollars spent through international development finance institutions over the years must meet the specific needs of developing democracies in Africa, even if it is done with exclusive regard for their own enlightened self-interest.
He stated this on Monday during an extensive bilateral discussion with South African President, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly.
The president, who advanced his economic development diplomatic drive for investment attraction, said “During the end of the Second World War, the Marshall Plan was established for the reconstruction and economic restoration of European nations through Bretton Woods institutions. Where has this presence been for Africa? We have to be careful not to replace the broken shackle of yesterday with a new set of shackles.
