Abuja, June 16, 2025 — President Bola Ahmed Tinubu has called for stronger regional cooperation and prudent use of Africa’s sovereign wealth funds to accelerate transformative development across the continent.
Speaking through Vice President Kashim Shettima at the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), hosted by the Nigeria Sovereign Investment Authority (NSIA), President Tinubu emphasized that sovereign wealth funds must evolve from being fiscal buffers to becoming strategic instruments of national and continental development.
“Our future lies not in working in silos but in pursuing regional cooperation and collective ambition,” he stated. “Sovereign wealth funds must become anchors for pan-African investment platforms that de-risk projects and deliver sustainable outcomes at scale.”
He urged African leaders to use sovereign funds to close the infrastructure gap, strengthen climate resilience, and create employment for the continent’s expanding youth population. He praised the launch of the ASIF Investment Platform as a bold step in mobilizing financing for high-impact, cross-border projects.
President Tinubu lauded the NSIA’s leadership role in the forum and reaffirmed his administration’s commitment to attracting investment in critical sectors like renewable energy, agriculture, health, and the digital economy.
Key stakeholders, including Finance Minister Wale Edun, AfreximBank President Prof. Benedict Oramah, ASIF Chairman Mr. Obaid Amrane, and NSIA MD Aminu Umar-Sadiq, echoed calls for policy alignment, regional collaboration, and investment in domestic markets to drive long-term growth.
Pan-Africanist Prof. PLO Lumumba charged leaders to invest Africa’s vast resources within the continent for the benefit of future generations.
The forum, themed “Leveraging African Sovereign Wealth Funds to Mobilise Global Capital for Transformative Development in Africa,” brought together high-level participants from across the public and private sectors.
