Private sector economies have been called upon to do more in exploring the immense opportunities in the Sustainable Development Goals (SDGs), which is capable of creating 380 million jobs and $12trillion additional GDP growth globally by 2030.
She spoke on a panel that also had the likes of Lord Malloch-Brown, Chair, Business and Sustainable Development Commission (BSDC), Vineet Rai, Founder, Aavishkaar-Intellecap Group and moderated by Henny Sender, Chief Correspondent for International Finance, Financial Times.
“The company I work for is building a platform that will sustainably industrialize the whole of West Africa. We are talking about bringing 100 million people out of poverty into middle class. Imagine what a phenomenal impact that is going to have on global GDP.
“The private sector in high income low growth income countries is getting it quite yet. The BSDC’s report which came out in January this year was launched in Davos is going to help. But in low-income high growth countries like Nigeria, we are certainly getting it; the private sector is certainly getting it. There is a very vibrant private sector in a lot of countries like Nigeria, India, China but even smaller countries like Mozambique and Liberia. Those private sector companies are grasping these opportunities to sustainably industrialize their countries.
“When you look at sustainable development in impact investing, the most important thing to understand is that it is profit driven. The sustainability comes from the fact that there is a clear profit motive. You can do good, and you can make a lot of money, you can create local prosperity and shareholder prosperity. Abraaj Week has given us the opportunity to do just that.