There are few people that I admire more than Ngozi Okonjo-Iweala, the globally renowned economist who currently serves as Nigeria's Finance Minister.
In a thought provoking TedTalk Okonjo-Iweala details the importance of comprehensive economic development across the African continent that includes the critical need for investment in emerging firms. Framing her argument she uses the economic transformation of her native Nigeria.
Nigeria's story is amazing. A nation that underwent decades of corruption, in both economic and governmental spheres, has implemented a range of economic reforms that have included industry privatization - particularly within the telecommunications and extraction sectors, firm development, and liberalization of the Nigerian economy thereby increasing competitiveness across all economic sectors and raising the nations GDP to a robust 8.67% growth rate this year.
Okonjo-Iweala's presentation encompasses the immense opportunities that that lie within the borders of the African continent. Members of the African economic community are read and able to expand innovative industries that have the possibility to transform the continent's economic development. As Okonjo-Iweala states,
Let's take note of this call. Let's invest in exciting, and innovative firms that are eager to transform the economic trajectory of societies across the African continent.
In short, let's think with Foresight