The Federal Government stated that no nation can rely solely on external dependence to finance its development. This assertion was made during a statement on Wednesday, emphasizing the importance of self-sufficiency in national development.

Africa is experiencing a significant decline in foreign aid, with official development assistance dropping by 23.1% in 2025, the largest annual decrease on record, and a further projected decline of 5.8% in 2026. This decline is compounded by rising debt, climate pressures, and a weakening global order. The UN Trade and Development has noted that debt servicing is hindering investment in essential sectors like education and health, presenting both a crisis and an opportunity for financial discipline, according to The Conversation Africa.

President Bola Tinubu emphasized the need for a united African strategy to develop the continent's solid mineral resources during a speech in Abuja. He urged African nations to shift focus from exporting raw materials to enhancing value addition, industrialization, and regional collaboration, according to Vanguard.

Nigerian President Bola Tinubu has called on African nations to cease the export of raw minerals and focus on enhancing value addition through processing, technology transfer, and industrial development. He emphasized the need for collaboration among African countries to ensure the continent maximizes its benefits from its abundant mineral resources, according to Premium Times Business.

President Tinubu has called for an end to the exploitation of African resources, emphasizing the need for industrialization and value addition as strategies to combat poverty and secure the continent's future. He advocates for a shift in focus from exporting raw materials to developing local industries that can enhance economic growth.

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has cautioned that Nigeria may not fully benefit from the African Continental Free Trade Area (AfCFTA) despite the government's approval of a $1 billion credit facility to support exporters. The association emphasized that without necessary reforms, the potential advantages of the AfCFTA may not be realized, according to Vanguard Business.