As the continent strives to recover from the coronavirus pandemic, she therefore urged the Federal Government and other African governments to adopt free, transparent and accountable governance.
Okonjo-Iweala made the disclosure on Saturday, at the 15th Bowen University Convocation in Iwo, Osun State.
According to her, “The young population of Africa is increasingly demanding better governance, including openness and accountability, from its leaders”.
Continuing, she said the recent #EndSARS campaign in Nigeria is a clear example of the transparency needed.
“With its increasingly rising debt profile, Africa also needs to exercise greater caution.
“The continent can not tolerate repetitive circles of rapid borrowing, debt sustainability problems, and debt restructuring and forgiveness to satisfy creditors.
“In that regard, a significant aspect of Africa ‘s post-COVID-19 reconstruction is needed to enhance the ability and tools of countries to boost domestic resource mobilisation”, she added.
You may be interested
Nigeria records N3.023tr trade deficit in Q3Webby - December 7, 2021
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded N3.032 trillion trade deficits in the third quarter (Q3)…
Ecobank Nigeria gets MD-designate as Akinwuntan retiresWebby - December 6, 2021
Ecobank Group, a pan-African banking group, announced on Monday that Mobolaji Lawal has been appointed as Regional Executive and Managing…
Niger, Nasarawa, Kogi, FCT communities in darkness as Abuja Disco workers begin strikeWebby - December 6, 2021
Okechukwu Nnodim, Solomon Odeniyi and Aisha Wakaso Published 7 December 2021 Power supply was grounded on Monday in Abuja, Nasarawa,…