News
EBID Releases West Africa Development Outlook
EBID Releases West Africa Development Outlook
By Michael Mike
The ECOWAS Bank for Investment and Development (EBID) has officially released the 2022 edition of the West Africa Development Outlook (WADO), which takes stock of socio- economic developments of the previous year and presents a macroeconomic outlook for the year 2022.
The WADO discusses the socio-economic challenges of the times and postulates policy interventions that could help ease these challenges.
The 2022 WADO, which is themed, “Navigating Global Shocks through Structural Transformation and Trade”, discusses how the ECOWAS sub-region can mitigate the recent price escalation by increasing local production capacities, improving intra-regional trade and embarking on a deliberate structural transformation agenda.
It also discusses the causes of the recent price hikes as being structural and the need for cautious monetary policy interventions.
While announcing the release of the WADO, the President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, emphasised the importance of the review of key economic indicators as a way of highlighting the impact of recent global events on ECOWAS economies and postulating mitigating actions for policy makers’ consideration.
He stated that the WADO also highlights the opportunities and threats in the sub-region to guide the investment decisions of existing and would-be investors.
The Director of Research and Strategic Planning of the Bank, Mr. MacDonald Saye Goanue, spoke about the challenging macroeconomic environment the Community faces as a result of which growth prospects have been downgraded.
The elevated food and energy prices pose a great risk to fiscal consolidation and debt sustainability, while threatening to increase current account deficits and exerting pressure on local currencies. There is the need for a fiscal and monetary policy synchronicity to successfully navigate these challenges.
Troops Repel Bandit Attack, Rescue Lower Sharia Court Judge in Katsina State
By: Zagazola Makama
Troops have successfully repelled a bandit attack in Mahuta Village, Dandume Local Government Area (LGA), Katsina State, and rescued a prominent local judge, Mr. Rabiu Tukur, following the abduction of six residents on April 8, 2025.
Zagazola Makama informed by security sources that three attack occurred around 11:55 p.m. when armed bandits stormed the village, kidnapping six individuals, including Mr. Tukur, a 49-year-old judge with the Lower Sharia Court, Dandume.
The troops engaged the bandits in a fierce confrontation, successfully rescuing Mr. Tukur without any harm.
Efforts to locate and rescue the remaining five victims are ongoing, with security forces intensifying search and rescue operations in the surrounding areas.
Troops Repel Bandit Attack, Rescue Lower Sharia Court Judge in Katsina State
News
Clash Between Commuters and Customs Officers Leads to Accident and Mob Violence in Maiadua, Kastina
Clash Between Commuters and Customs Officers Leads to Accident and Mob Violence in Maiadua, Kastina
By: Zagazola Makama
A clash between a Customs patrol team and commuters resulted in a serious accident at Koza Village, Maiadua Local Government Area (LGA), on April 8, 2025, at around 8:35 p.m.
Sources told Zagazola Makama that the Customs team was in pursuit of a commuter vehicle when the incident occurred.
In the aftermath, an angry mob set fire to the Customs camp in retaliation for the accident. The situation escalated, but the Division Police Officer (DPO) quickly mobilized police personnel to the scene to restore order.
As of now, the situation has been brought under control, and an investigation is underway to ascertain the details surrounding the incident.
Clash Between Commuters and Customs Officers Leads to Accident and Mob Violence in Maiadua, Kastina
Bandit Attack Foiled in Musawa LGA Kastina As Nine Kidnapped Victims Rescued
By: Zagazola Makama
In a daring rescue operation, the security forces successfully foiled a kidnapping attempt and rescued nine victims from armed bandits on April 9, 2025, at approximately 1:25 a.m.
Intelligence sources told Zagazola Makama that the suspected armed bandits, riding motorcycles, stormed Farin Dutse in Dangani, Musawa Local Government Area, and abducted several individuals.
However, the timely response from the Division Police Officer (DPO), who mobilized a Joint APC Patrol to the scene, led to a fierce gun battle with the bandits.
In the aftermath of the engagement, six females and three males were rescued and swiftly transported to the General Hospital Musawa for medical attention.
The victims are reported to be in stable condition.
Bandit Attack Foiled in Musawa LGA Kastina As Nine Kidnapped Victims Rescued
Troops Repel Bandit Attack, Rescue Lower Sharia Court Judge in Katsina State
Clash Between Commuters and Customs Officers Leads to Accident and Mob Violence in Maiadua, Kastina
Bandit Attack Foiled in Musawa LGA Kastina As Nine Kidnapped Victims Rescued
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