(3 Minutes Read)
The Chief Executive Officer of MTN Nigeria, Karl Toriola, has urged business leaders from Nigeria and South Africa to focus on the effective execution of people-oriented and economy-driven policies to unlock Africa’s full economic potential.
Speaking at the Nigeria–South Africa Economic Diplomacy Roundtable held in Lagos on Thursday, Toriola emphasized that the combined economic strength of Nigeria and South Africa could serve as a powerful catalyst for Africa’s sustainable development.
Activation of the AfCFTA Beyond Paperwork
Proposing a three-point agenda to drive Africa’s economic growth, Toriola identified the activation of the African Continental Free Trade Area (AfCFTA) beyond policy documents as the first critical step. He called for the standardization of customs processes, harmonization of trade regulations, and implementation of digital documentation systems across African markets.
According to Toriola, predictability is a growth strategy that fosters job creation, boosts revenue, and ensures regulatory clarity, which he described as an “economic imperative” for the continent.
Commitment to Digital Infrastructure and Economic Integration
The MTN Nigeria boss reaffirmed the company’s commitment to supporting regional economic integration through technology and innovation. He announced that MTN Nigeria will host technical sessions, provide digital infrastructure, and report on progress to ensure tangible outcomes from the policy discussions. Toriola stressed that Africa’s economic future depends on collaborative leadership, digital transformation, and effective policy implementation that extends beyond rhetoric.
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Driving Africa’s Growth Through Partnership
As MTN maintains significant footprints in both Nigeria and South Africa, Toriola’s remarks underscore the strategic importance of private sector collaboration in realizing the goals of the AfCFTA and promoting inclusive economic growth across the continent.
