Africa is about to enter it’s fastest transformation phase.

 

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ABOUT RONALD CHAGOURY

Ronald Chagoury Jr. is the Vice Chairman of South Energyx Nigeria Limited, which is part of the Chagoury Group, a multinational business conglomerate based in Lagos, Nigeria. The company is currently working on Eko Atlantic, a new city construction project located off Victoria Island, adjacent to Lagos

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CAN AFRICAN NATIONS LEAPFROG AHEAD OF THE WEST BY 2030S?

The formula for economic development isn’t a secret. For a country to rise up into the ranks of developed nations, it must:

●   Nurture an industrial economy centered around low-skilled manufacturing,

●   Then use the profits to build out the nation’s infrastructure and human capital,

●   And then, finally, transition to a consumption-based economy dominated by high-skilled, service sector jobs.

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