The Democratic Front (TDF) has backed the recent call by President Bola Tinubu for global financial reforms that would accelerate Africa’s economic growth.
TDF argued that the ongoing reforms in Nigeria placed the President in the best position to make that demand.
In a statement signed by its Chairman, Mallam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, the group affirmed that President Tinubu’s success in resetting the Nigerian economy from a public-regulated environment to a private sector-led free market investment ecosystem, is generating momentum for an accelerated economic growth of the African continent.
According to TDF, the successful transition of the Nigerian economy to a competitive market environment, which is currently attracting an influx of both local and foreign investment portfolios and direct investment, further explains the abundance of inexhaustible potential for rapid industrial growth in Africa.
It urged global economic institutions and captains of world investments, to cue into President Tinubu’s opinion on the need for global financial reforms, so that African economies can truly utilise their potential for economic growth and sustainable development.
TDF said it is not surprised that the President has picked up the gauntlet of leadership to lead the continent towards economic integration through which Africa can take pride of place in the emerging global economic order.
“This timely demand for accelerated growth in Africa as expressed by President Tinubu at a recent continental economic forum in Kenya, will further elevate the prestige and honour already accorded to Nigeria by African leaders and governments, whenever they converge to discuss the multifaceted challenges confronting the continent.
“This enviable stride in continental economic leadership by the Nigerian President, is a confirmation that the ongoing process of transforming the nation’s economy to a productive one, through a painful, but necessary slew of economic policies and reforms, has made the country a leading torchbearer of economic growth and political development on the African continent,” the group added.
It also urged Nigerians to continue to keep faith with President Tinubu’s policies and programmes.
