Former President Olusegun Obasanjo has
said the use of only military operations to tackle Boko Haram activities
in Nigeria and other violent groups across the world cannot end
insurgency.
A statement on Friday by the African
Export-Import Bank, indicated that the former president said this during
the bank’s 22nd Annual General Meeting held in Lusaka, Zambia.
Obasanjo, speaking about conflicts in
Africa, also said the crises were caused by failure to address certain
social problems in the society such as educational disparity.
“According to Obasanjo, a situation,
such as in Nigeria, where one section had an educational attainment
level of 79 per cent while another had only 19 per cent, created room
for conflict.”
The former president also called on
Nigeria and other African countries to pursue economic integration on
the basis of regional economic communities rather than doing so with the
over 54 countries on the continent.
He noted that by pursuing economic growth, each region of the continent would serve as platforms to strengthen Africa.
In a wide-ranging discussion, the
ex-president stressed the importance of infrastructure in promoting
intra-African trade and called for the establishment of a viable
well-run coastal shipping line from Dakar in Senegal to Maputo in
Mozambique to improve intra-African trade.
Obasanjo stated further that while
Nigeria and other nations on the continent should encourage the local
production of goods, they should also encourage and develop the process
of moving those goods.
The statement added, “Former President
Obasanjo added that Africa should start adding value to its commodities
rather than exporting raw commodities only for those commodities to be
sent back to the continent as finished goods.”
Meanwhile, the Afreximbank on Saturday announced the appointment of Benedict Oramah as its new boss.
Oramah’s appointment was one of the key decisions taken during the bank’s AGM.
“Dr. Oramah takes over from Jean-Louis
Ekra, who has been the bank’s chief executive officer since 2005.
Oramah, a Nigerian national, has served as Executive Vice President in
charge of Business Development and Corporate Banking at Afreximbank
since 2008. He was a pioneer staff of the bank, which he joined in 1994
as Chief Analyst, rising to the position of Senior Director, Planning
and Business Development Department in 2007. He previously served as
Assistant Manager (Research) at the Nigerian Export-Import Bank from
1992 to 1994,” the statement said.
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