Transcorp Hotels CEO: Inclusion of African youth in decision-making vital for economic growth

Dupe Olusola, managing director and chief executive officer (CEO) of Transcorp Hotels Plc, says Africa must take giant steps in eradicating poverty, creating jobs and attaining adequate food sufficiency.

Olusola spoke over the weekend at Yale University on the theme ‘Accelerate Africa: Shaping a Prosperous Continent Through the Economy’.

Speaking on possible ways Africa can become prosperous, the business expert highlighted the need for forward-looking policies, women’s inclusion, and youth empowerment among others.

She also said the inclusion of youth in decision-making is vital for economic growth.

“Africa needs sound and stable micro and macroeconomic policies. Policies that are forward-looking for us as a continent and go beyond any leader being self-focused,” Olusola said.

“We must prioritise and empower our youth. Africa has the youngest population in the world, with 70 percent of sub-Saharan Africa under the age of 30. Such a high number of young people is an opportunity for the continent’s growth.

“It is especially important that young people are included in decision-making and given appropriate opportunities for work and to innovate. Involving young people in politics and society is not merely a question of inclusion, but one that is vital for economic growth, innovation, peace and security.

“Empower our women who constitute 50 percent of Africa’s population and engage them in policy formulation and governance – this is critical.

“We must fix insecurity as it still remains a stumbling block to achieving our collective goals in Africa. We need to rise above this challenge and realise the endless potential and possibilities we have.

“Active participation and involvement of Africans in the diaspora. They must continue to play their part in changing and shaping the right narrative”.  

Olusola said for these measures to be achieved, African leaders must consider eradicating poverty to achieve prosperity, build an inclusive economy, create jobs for the teeming youth, stem migration and extremism, as well as attain food security.

She also urged the government, private sector, development partners and individuals to play their roles to reset Africa.