Post by Arise News (@arisenews)

At the Africa Forward Summit in Nairobi, President Tinubu called for reform of the global financial system, saying high borrowing costs were constraining Africa's industrial development.

He said the current financial architecture limited access to affordable long term capital and kept African economies dependent on raw commodity exports.

He said Nig. would spend about 11.6 billion dollars on debt servicing in 2026, nearly half of projected revenue, warning that rising repayment costs were crowding out investment in infrastructure and industry

At the Africa Forward Summit in Nairobi, President Tinubu called for reform of the global financial...

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