Abuja - Dr Anthony Mothae Maruping, Commissioner for Economic Affairs at the African Union Commission (AUC), has called on African governments to develop industrial policies that are aimed at reducing inequality at all levels.
He was speaking at the just-ended meeting of the Committee of Experts of the Seventh Joint Annual Meeting of the Conference of African Ministers of Finance, Planning and Economic Development and the African Union Conference of Ministers of Economy and Finance held in Abuja.
Maruping said most African economies had been performing well in terms of headline numbers without significant impact on the lives of the people.
“Africans are therefore calling for major structural transformation to sustain the current economic performance,” he noted at the event held under the theme, “Industralisation for Inclusive and Transformative Development in Africa.”
He stressed that the next critical level is industrialization as the means to meaningfully join the global value and supply chains where opportunities and jobs are created.
“Africans are therefore calling for Major structural transformation to sustain the current economic performance, but also to move to the next critical level, which is industrialization among others. Africans today want to take charge of their development agenda. This is demonstrated by the two historic and unprecedented continental processes- the Common African Position on post-2015 development agenda (CAP) and Africa Agenda 2063 processes,” added Maruping.
Among officials present at the event in Abuja include representatives of the Government of the Federal Republic of Nigeria, Abraham Nwankwo, who is Director General of the Debt Management Office in African Ambassadors, Members of the Diplomatic Community and senior officials from Ministries of Finance, Planning and Economic Development as well as central banks.
– CAJ News
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.