Even if you are blind, you would have realized that African economy is in coma.

From the biggest ones such as Nigeria, South Africa, Angola to the smallest such as South Sudan, the continent’s economy remains traumatised.

For a way out, Africa’s richest man, Aliko Dangote believes African countries need to work more closely together, effectively throwing his weight behind the Continental Free Trade Agreement, which Nigeria has yet to commit to.

Speaking during a “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the billionaire entrepreneur said the key to Africa’s economic growth and strength is in the development of the regional market, saying “Regional markets in Africa must work."

Also Read: Sell Africa, Buy Africa For Free: Why Does It Matter?

Dangote said Africans must patronize African markets which is why the free trade agreements by African nations is the direction to go to strengthen African markets.

Citing an instance of his own experience, the president of Dangote group referred to the case of neighbouring Benin Republic where the country continues to import cement from China while his Nigerian factory is only 35 miles away from the border.

“We need to trade with ourselves”, Dangote stated as he spoke glowingly about the prospect of African economy, the free trade agreement and the availability of huge raw materials to attract investors.

Liked this story? Share it.

Also Watch: