Kingsley Chiedu Moghalu’s call to Africa to re-evaluate commonly held assumptions about globalisation, foreign aid, free markets and foreign investments must be taken seriously. According to Moghalu (Deputy Governor, Financial System Stability, Central Bank of Nigeria), Africa must invest in goal setting and productive evaluation, if the continent has to achieve meaningful growth.

This calls for the cultivation of a vibrant Think Tank culture on the continent to plot the future of Africa; evaluate the pros and cons of existing systems with a view of discarding those that impact negatively on the continent, upholding the helpful ones and domesticating those that need domestication. For example, there is need for the continent to rethink its extractive capacity which is in gradual decline with the discovery of fracking and shale oil and gas; its reliance on agriculture since 55 percent of world trade is based on manufacturing while only 7 percent is based on agricultural products; and the myth that Africa is rising, since growth rates being recorded on the continent in the past decade conflict with real transformation on the ground.

African countries must develop a clear and comprehensive worldview like their Western and Asian counterparts whose worldviews have dominated the world and contributed significantly to Western and Asian economies.