By Amin Kef (Ranger)

Sierra Leone’s Chief Minister, Dr. David Moinina Sengeh, has underscored the urgent need for innovative and inclusive economic policies to drive Africa’s development. Speaking at the World Governments Summit in Dubai on Tuesday, January 11, 2025, Dr. Dr. David Moinina Sengeh emphasized the necessity of radical solutions to ensure sustainable growth across the continent.

Delivering his address at the summit’s opening session on the topic, “New Economic Revolution: An African Perspective,” Dr. David Moinina Sengeh asserted that Africa must adopt bold policies, institutional reforms and social-democratic strategies that cater to all citizens. He stressed that economic progress cannot be built on inequalities, highlighting the need for infrastructural developments that benefit everyone.

Dr. David Moinina Sengeh attributed Sierra Leone’s progress to the visionary leadership of President Dr. Julius Maada Bio. He praised the Government’s investments in human capital development, particularly in education, gender equality and governance, which have been yielding significant dividends.

“The President has told the world about radical inclusion. This is not just a random idea; it is about ensuring that the systems we build work for everyone,” he stated. “When economic progress favors only a few, social and political instability is inevitable. A true economic revolution must create benefits that are felt by all.”

Dr. David Moinina Sengeh also highlighted Sierra Leone’s reforms in the mining sector, ensuring that the country’s natural resources benefit its citizens. He stressed the importance of policies that foster transparency, sustainability and equitable distribution of wealth.

The session also featured contributions from prominent African leaders, including Dr. Akinwumi Adesina, President of the African Development Bank. Dr. Adesina emphasized the potential of Africa’s youthful population, noting that over 70% of the continent’s population is under the age of 35. He projected that Africa would emerge as the global workforce hub, driven by its skilled, innovative and entrepreneurial young people.

“Africa holds the key to the world’s energy transition and economic transformation. How we harness our resources will determine the future of the global economy,” Dr. Adesina remarked.

Business leader Tony Elumelu, founder of the Tony Elumelu Foundation, echoed similar sentiments, emphasizing the immense investment opportunities available in Africa.

Expounding further on his vision for Africa’s transformation, Dr. David Moinina Sengeh elaborated on two guiding principles: Radical Inclusion and Conscientious Concessions.

With Radical Inclusion, he stressed that policies and economic frameworks must work for all citizens, regardless of their background, language, gender or political affiliations. He warned that exclusionary growth would lead to social unrest and economic stagnation.

Dr. David Moinina Sengeh also introduced the concept of Conscientious Concessions, advocating for investment deals that prioritize national development, environmental protection and people-centered growth. He insisted that Sierra Leone would no longer entertain deals that impoverish the state or exclude its citizens from benefiting.

“The waivers and exemptions we grant must not make the state poorer. Investments must enhance human capacity, include transparent guardrails for cancellations and yield mutual benefits,” he asserted.

He also called on African Governments to eliminate bureaucratic hurdles that hinder investment and economic growth, noting that efficiency in governance translates to economic value.

To implement these ideas, Dr. David Moinina Sengeh emphasized the need for progressive, social-democratic radicalism. He explained that as the world rapidly evolves, Africa’s policies must keep pace with technological advancements, demographic shifts and environmental concerns.

He further stressed that economic revolutions must prioritize the majority, especially youth, women and marginalized communities, to ensure sustainable and equitable progress.

“The status quo must change quickly and exponentially. In Sierra Leone, President Bio has laid the foundation through human capital development, progressive reforms and good governance. We must continue this trajectory because, together, #WeWillDeliver,” Dr. David Moinina Sengeh concluded.

The World Governments Summit is an annual global forum that brings together policymakers, business leaders and thought leaders to discuss pressing global issues. The 2025 edition is being held under the theme: “Shaping Future Governments.” The summit serves as a platform to exchange ideas and explore solutions for a better and more inclusive world.