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How the Losers of Globalisation Are Fighting Back – Ngozi Okonjo-Iweala | WATCH

BellaNaija.com

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Nigeria’s former finance minister, Ngozi Okonjo-Iweala, speaking at a forum organised by Fortune and TIME, said that while globalisation brought so many benefits for the African continent, the losers in the “globalisation game” are fighting back.

She said that though the exportation of primary products have lifted a lot of people out of poverty, there is little structural change in African economies to transform these raw materials to finished products.

She added that the few companies that strive to transform these materials are weakened because finished products are imported to the continent and sell lesser than the amount a local manufacturing company sells.

WATCH:

7 Comments

  1. Wise

    December 8, 2016 at 10:51 am

    But she was Minister of Finance (in charge of economic development) in two administrations in Nigeria.
    Twice! and she did not transform?

    • EC

      December 8, 2016 at 11:53 am

      I watched this. She made so much sense. Transformation was hard when you have other actors like China playing in the same game.

    • lacey

      December 8, 2016 at 8:52 pm

      Thank you so much @ Wise! She is just an hypocrite!Someone that served in the last government that stole Nigeria blind! I lost every respect, I had for this woman after she did not deem it fit, to resign from GEJ’s corrupt government! All certificate, no innovation!!!

  2. mr x

    December 8, 2016 at 1:06 pm

    I admire her intellect. spot on.

  3. remi

    December 8, 2016 at 3:21 pm

    great lady….impeccable excellence. i admire you

  4. KIMONO

    December 8, 2016 at 4:41 pm

    This lady is BRILLIANT!!!!!

  5. nnenne

    December 9, 2016 at 4:26 am

    Great brain! !!
    Well spoken! !!
    Nigeria misses you. … Friends and Foes.
    Ride on!!

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