Nigerian entrepreneur Tony Elumelu has called for increased investment in power and infrastructure across Africa, stating that the continent needs sustainable development rather than external handouts.
Elumelu made the remark while emphasising that Africa’s long-term growth depends on building strong foundational systems, particularly in energy, transportation, and industrial infrastructure. He noted that inadequate power supply remains one of the biggest barriers to business expansion, job creation, and economic competitiveness across the region.
According to him, African nations must focus on unlocking internal potential through strategic investments that support entrepreneurship, private sector growth, and industrialisation. He stressed that economic transformation will only be achievable when countries prioritise infrastructure development that enables productivity and innovation.
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The business leader also highlighted the role of the private sector in bridging critical gaps, urging collaboration between governments, investors, and development partners to accelerate progress in key sectors. He maintained that sustainable prosperity will come from creating systems that empower individuals and businesses rather than relying on external assistance.
Elumelu’s comments contribute to ongoing discussions about Africa’s development model, with growing calls for increased self-reliance, stronger institutions, and improved infrastructure as drivers of economic growth.
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