On Friday, during his speech at the extraordinary summit of the African Union on industrialization and economic diversification in Africa, and the extraordinary session on the continental free trade area, the deputy in the Presidential Council, Abdullah Al-Lafi, confirmed that Libya is seeking, despite the exceptional circumstances it is going through, to work hard through its institutions and agencies concerned with the fields of industrialization in supporting and diversifying the national economy, providing basic commodities and investing in them, and developing the industrial sector.
Al-Lafi pointed to achieving more independence and African political will in the success of national plans and programs aimed at developing the manufacturing sector, opening other areas to diversify the economy, and making development and investment a continental priority, in addition to the fact that Libya is linked to many agreements and treaties.
Al-Lafi clarified regarding recovering looted funds, preventing financial flows outside the continent, and harnessing revenues to invest in youth, recognizing the importance of industrialization and its impact on eliminating unemployment, developing the labor market, and creating socialization opportunities as a result of the development taking place in this sector. At the same time, commitments must be implemented. and benefiting from it, and on unified positions, including the African Commodity Strategy and the Common African Position.
During his participation in the African Union Extraordinary Summit on Industrialization and Economic Diversification in Africa, Al-Lafi discussed the agenda of the summit in its seventeenth session, the policies of industrialization, economic diversification and the African Free Trade Area, as well as the activation of the African Continental Free Trade Agreement, technological renewal and organizational capacity for Improve industrial performance.
Al-Lafi also stressed that the internal level of industrial and economic performance is still struggling to reach better levels, and that Libya has efforts to support continental industrialization, especially in the fuel and foodstuff sectors, through its investments in many African countries.