…wants African leaders to operationalize Chinese industrial principles
Former President Olusegun Obasanjo has called on the government of the Peoples Republic of China to earmark at least $10 billion annually to support infrastructure provision in Africa for a period of 10-years. He said the gesture will help Africa to bridge the challenge of infrastructure deficit in the continent.
It is estimated that Africa needs some $90 billion for infrastructure yearly. “It will not be a bad idea if China can provide $10 billion of that amount every year for a period of 10years in the first instance,” Dr. Obasanjo said yesterday. He said the gesture can be done through China Development Bank, China Exim Bank and the proposed Infrastructure Development Fund along with the World Bank.
Besides that, the former head of state suggested “that China should establish ‘Peace and Solidarity Corps’, members of which will be sent to Africa to interact and impact knowledge, training and…
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