President Bola Tinubu yesterday sought the reform of the global finance bodies in Africa's interest as he engaged in bilateral discussion with South African president, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly.
Tinubu in a statement by presidential spokesman, Ajuri Ngelale asserted that 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.
"We must join hands and agree that International Finance Institutions require reform as Africa is not to be a ground for economic scavenging any longer, but it is a place with gifted people that is ready for investment and cooperation. Referencing President Tinubu's quick implementation of what he called"brave" economic reforms, the South African president agreed that the two countries have much more wealth to create together in close and intentional partnership, with each nation leveraging on each other's respective strengths.
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