Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent.
Oyedele, who made the call at the United Nations Dialogue on Solutions to Climate Finance on the margins of the 81st Session of the United Nations General Assembly, UNGA, in New York, said high financing costs, currency risks and limited access to long-term capital were constraining Africa’s development ambitions.
According to a statement by the Head of Information and Publi...