Minister of Solid Minerals Development, Dr. Dele Alake, has said the rising U.S. tariffs may turn out to be a blessing for Africa if the continent leverages it to boost internal trade and refine domestic policies.
Speaking during a Foreign Direct Investment (FDI) Fireside Chat at the AIM Congress in Abu Dhabi, Alake emphasized the need for African nations to shift focus inward and embrace value addition, especially in the minerals sector.
"The suspension of the U.S.-led tariff regime should be a turning point for Africa to intensify intra-continental trade," he stated. He reiterated Nigeria's commitment to value creation and job opportunities through its mineral development policy.
Read also:
Alake, who chairs the African Minerals Strategy Group, joined global leaders in calling for better investment strategies for emerging markets.
Nigeria's presence at the AIM Congress featured strong representation from the Solid Minerals Development Ministry and private sector players.
The congress brought together world leaders, innovators, and investors under the theme: "Mapping the Future of Global Investment."
Biweekly
Monthly
