The Secretary to the Government of the Federation (SGF), Senator George Akume, says Africa requires political stability to attract foreign direct investment to achieve sustainable economic growth and development.
Akume said this while delivering Graduation Lecture for participants of the National Defence College (NDC) Course 31, today in Abuja, themed, “Economic Growth and Regional Development: Strategic Options for Africa”, as part of activities lined up by the college for the graduation of its Course 31 participants.
Represented by Alhaji Aliyu Shinkafi, the Permanent Secretary, Special Services, OSGF, Akume said the African region and Nigeria, in particular, must give their best shot to ensure political and economic stability while noting that it would help to gain the confidence of investors for sustainable regional development.
The SGF further noted that opportunities abound for sustainable economic development in the continent such as abundant natural resources, agricultural potential, growing consumer market, youthful population, renewable energy potential as well as technology and innovation.
According to him, diversification of economies, infrastructural development, human capital investment, sustainable agriculture and agribusiness, inclusive policies and access to capital are strategies that can guarantee economic growth in Africa.