President Bola Tinubu has called for a total rephase in the global financial architecture of Africa’s mineral resources, saying it was time for its nations to begin to not only finance its mineral sector but also assert their influence and power in the African products’ global supply chains.
The President stated that this had become necessary if African nations’ sovereignty is to be protected, just as he recommended collective action by development allies and partners, to bring Africa’s mineral economy to reality for the benefit of the continent.
President Tinubu, represented by Vice President Kashim Shettima, called for these decisive actions at the Second Africa Minerals Strategy Group (AMSG) High-Level Roundtable on Critical Minerals Development in Africa, held on the margins of the 80th Session of the United Nations General Assembly, New York City.
Tinubu’s position at the event position was made known in a statement on Tuesday by Stanley Nkwocha, Senior Special Assistant to The President on Media & Communications.
“We must take the bull by the horns in financing our future. Never again shall we wait for capital to trickle in. With sovereign funds, blended vehicles, and innovation tools like the Africa Mineral Token, Africa shall finance Africa. To safeguard this sovereignty, we must guard our cobalt, lithium, graphite, gold, and rare earths not as fragmented states but as one continental bloc, wielding collective power in global supply chains,” the President submitted.