From the interview:
"I think after many decades of low levels growth, we’re seeing extremely high levels of growth in Africa. It’s not uncommon for countries to be growing at six, seven, eight percent. And a country like Nigeria is particularly exciting because there’s at least 150 million people, it’s a big economy, it’s growing very fast, and one of the very interesting things about Nigeria is that we think of it as an oil economy. The oil sector is not really growing in Nigeria, it’s the services and other sectors that are growing.”
...
"When we look at the data on what’s holding back African business and why Africa can’t grow even faster, or how it’s going to sustain these high rates of growth, it’s pretty much across the board infrastructure constraints. And here we’re talking about power, roads and transportation systems. And really that’s where investment from China, from Europe, from Japan, from the United States is all very welcomed in Africa because the demands are so great. Just to give you an example, in Nigeria, going back to Nigeria, right now Nigeria produces only about four gigawatts of power in total. Nigeria needs about 50 gigawatts of power. So, there’s plenty of investment that they need.”
Watch the interview here
