U.N Seeks Investment In African Capital Infrastructure

The United Nations Development System in China has called for adequate investment in infrastructure to boost market growth in Africa.

Mr Siddharth Chatterjee,  the coordinator of the UN system in China, disclosed this at the reception of new ambassadors and their spouses organised by Amb. Baba Ahmad Jidda, Ambassador of Nigeria to China.

Mr Chatterjee said, “If you have to maintain your philosophy of growth, you have to invest in Africa now because this is s population that will hit 2.5 billion by 2050.

“It is going to be the biggest market of producers and consumers; it is the youngest continent in the world.

“The middle age of African is 18, whereas the middle age of China is already 47, the middle age of Sweden is 49; you have to shape and nurture those markets now.

“In order to do that you have to invest there. I think we have to get the UN involved, in terms of providing basic infrastructure.

He said the UN has not been fully utilised in your respective countries, adding that “it is an untapped potential that you still have that has lots of different agencies, programmed and social policy experts”.