OBASANJO URGES AFRICAN LEADERS TO RE-EXAMINE GOVERNANCCE SYSTEMS.

Former President Olusegun Obasanjo has called for re-examination of Africa's governance systems to achieve African Renaissance, suggesting that the current Western liberal democracy model may not suit Africa's needs and proposes exploring pre-colonial systems that emphasized communalism and collective decision-making.

Speaking at the 32nd Afreximbank Annual Meetings (AAM2025) in Abuja on Thursday, Obasanjo, who emphasized that Africa's progress depends on leaders working together and prioritizing the continent's interests.

He identified eight powerful African countries, including Nigeria, Egypt, and South Africa, although he said they are not moving at the desired pace, hence the need for leaders to understand the global economy to craft effective policies.

Obasanjo highlighted African success stories, including Ethiopia's self-sufficiency in wheat production, Afreximbank's Pan-African Payment and Settlement System, and the African Continental Free Trade Area. 

He encouraged African leaders to learn from these successes and build on them to drive progress and achieve African Renaissance.

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