Liberian Minister of Finance and Development Planning, Augustine KpeheNgafuan, has called on African nations to turn current global economic challenges into opportunities for stronger continental cooperation and integration.

Speaking at a Roundtable on Investment Discussions between Nigeria and Liberia, held in Lagos, the Liberian minister addressed key issues affecting the continent, including foreign tariffs, shrinking aid, and the need for Africa to develop homegrown solutions for sustainable growth.

“Currently, the continent faces some difficulties, but the flip side of those difficulties could be great opportunities,” he said. Highlighting the impact of international economic decisions on Africa, he noted that Liberia, like many African nations, was feeling the effects of tariffs imposed by the United States on 185 countries. Additionally, he said aid cuts by the U.S. and other global powers had created a new reality for African economies.

“As the big powers are retreating on us, what does this mean for Africa? When people close doors on us, that’s the precise time to take ourselves more seriously. To look in the mirror and open our own doors,” he said.

Ngafuan stressed the importance of accelerating African cooperation and adopting a Pan-African worldview. He emphasised that initiatives had already begun but must proceed at a quicker pace, adding that the African Continental Free Trade Agreement (AfCFTA), which he described as a vehicle for achieving Africa’s economic aspirations, must quickly take shape.

Ngafuan argued for the removal of inter-regional travel barriers, calling for a unified African passport and greater mobility across the continent.

“Why can’t we have a single passport situation that removes all the visa restrictions? Let’s be ambitious enough,” he said.