Deputy Speaker of the Benjamin Okezie Kalu has emphasised that achieving economic sovereignty is unattainable for African nations unless they build a robust domestic revenue base, urging countries to reduce reliance on foreign aid and conditional external support.
In a statement reported on Tuesday, Kalu said African economies must strive to strengthen their internal revenue systems including taxation and efficient revenue administration to become truly independent in meeting their developmental goals. He argued that over-dependence on aid or externally driven financing undermines autonomy and leaves countries vulnerable to external pressures and fluctuating international priorities.
Kalu’s remarks highlight the broader push by policymakers who link strong domestic revenue mobilisation with enhanced fiscal capacity — the ability of a government to raise funds from within its economy to finance infrastructure, social services and security without over-reliance on foreign loans or conditions. Analysts say boosting domestic revenue through tax reforms, improved compliance and diversified revenue sources is essential for sustainable economic growth and resilience.
He also called on African governments to pursue policies that improve revenue generation while expanding economic activities, reducing leakages, and strengthening institutions responsible for collecting and managing public funds.
Kalu’s position reflects ongoing debates across the continent about how best to achieve fiscal independence and reduce vulnerability to global financial shifts that often accompany foreign aid or conditional international loans.
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