Billionaire businessman and chairman of the United Bank for Africa (UBA), Tony Elumelu has pointed out that development of any country is impossible without access to reliable electricity to drive industrialization.
Elumelu made this known on Tuesday while delivering the keynote address at the Chartered Institute of Bankers of Nigeria (CIBN) 17th Annual Banking and Finance Conference in Abuja.
In the speech titled “Accelerated Economic Growth and Development: The State of Play and the Way Forward,” Elumelu said 2024 has been a tough year for Nigeria, especially, with the persistent surge in inflation that has caused “pain across our economy”.
