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Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)
Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)
By: Michael Mike
The Economic Report on Africa 2023 (ERA 2023) has said: “Achieving sustainable growth and building resilience requires structural transformation.”
It also said: “Successful industrial policy requires both sectoral focus as well as getting the basics right. It is essential for countries to identify optimal combinations of policy actions to nurture an industrial programme.”
The report with title: “Building Africa’s Resilience to Global Economic Shocks”, and presented by the Director, Macroeconomics and Governance Division at the United Nations Economic Commission for Africa (UNECA), Adam Elhiraika, was launched in Abuja on Monday.
The report showed that the current global economic architecture affords opportunities for African countries to leapfrog and accelerate industrialization through careful experimentation of what has worked elsewhere and adapting it to local conditions.
Elhiraika explained that firm survival and growth in Africa were closely linked with exporting, working with international capital and international or global firms, adopting international managerial norms and standards as well as developing industrial clusters.
These elements, according to ERA 2023, come in different shades depending on the type of firms and their technology intensity. Broadly, however, three economic fundamental gaps require attention to get the basics right: skill gaps; infrastructure gaps and overall institutional quality gaps.
On Promoting regional value chains, the report states that countries can collaborate in creating, for example, regional agricultural commodity markets that will help to connect surplus economies with net importers for wheat, sugar and rice. This will reduce dependence on Russia and Ukraine.
The report also explained that: “Financial integration could also protect the continent from the vicious cycle of debt distress and liquidity crunches through regional bond markets that would enhance savings mobilization, risk pooling and funding for regional and national infrastructure.”
UN Resident and Humanitarian Coordinator, Matthias Schmale, represented by the Economist in the Resident Coordinator’s Office, Nonso Obikili, noted that the convergence of many crises, such as the shocks generated by the consequences of the COVID-19 epidemic, the ripple effects of the Russian invasion of Ukraine, and climate change had resulted in Africa experiencing a setback or lack of progress in achieving the targets set by the Sustainable Development Goals (SDGs).
He cited an example of the impact of shocks on poverty, in 2021, when almost 30 million Africans experienced severe poverty, and the loss of 22 million employment occurred.
“The top ten countries with the highest number of poor people account for 64.7% of the continent’s poor population. The first four countries—Nigeria (100 million), the DR Congo (67 million), Tanzania (36 million) and Ethiopia (33 million)—account for 42% of the poor population.” Schmale said.
The ERA 2023 therefore called for new approaches for African countries to address challenges of global economic shocks. The report calls for improving risk management and building resilience strategies through well-designed national development plans and good governance, as well as structural transformation through equitable green growth and smart industrial strategies.
Special Adviser to the President on Economic Matters, Dr Tope Fasua, highlighted economic recessions that Nigeria had experienced in the past: Commodity price crashes of early 1970s after the oil boom in 1973; recession of the 1980s due to fall in commodity prices; and another crash in the mid-2000s due to crude oil crash. “We live life of volatility in terms of our finances, and most of Africa is still tethered to these kinds of risks.” He said.
At the launch were representatives of the United States Embassy, European Union, USAID, Federal Ministry of Budget and Economic Planning; Federal Ministry of Finance; Central Bank; and UN Agencies.
Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)
News
Benin coup plotter Pascal Tigri traced to Niger, as accusing fingers pointed at President Tchiani
Benin coup plotter Pascal Tigri traced to Niger, as accusing fingers pointed at President Tchiani
By Hamza Suleiman
Pascal Tigri, the lieutenant-colonel at the center of the recent foiled coup in Benin, has reportedly been located in a ministerial residence in Niamey, Niger, in close proximity to the presidential palace and the Directorate-General of Documentation and External Security (DGDSE), multiple regional sources have confirmed.
Tigri is believed to have been in the villa since December 12, following a carefully orchestrated escape route that spanned several West African capitals.
Sources indicate that after the failed coup attempt in Cotonou on December 7, Tigri fled to Lomé, Togo, before boarding a private Beechcraft 100 D aircraft to Ouagadougou, Burkina Faso, on December 12. The aircraft, operated by Liza Transport International (LTI) Aviation, a subsidiary of the Burkinabè company Ebomaf owned by businessman Mahamadou Boukoungou, subsequently transferred Tigri to Niamey the same evening.
Regional intelligence suggests that Ouagadougou may have functioned as a “command and control hub” for the attempted coup, in alleged coordination with elements in Niger. Investigators in Benin have also raised concerns about the movements of other mutinous soldiers who reportedly fled Lomé on December 16 aboard the same LTI aircraft.
According to sources, the flight transponder was deactivated while crossing Bénin airspace, and verification with the National Civil Aviation Agency indicated the flight may have been cleared with a falsified authorization. These developments have intensified suspicion of external interference and potential complicity by regional actors.
Tensions between Bénin and Niger have escalated in recent weeks. President Abdourahamane Tiani of Niger has previously accused Bénin of harbouring groups engaged in terrorism, allegedly with external support. The failed coup, alongside unusual troop movements observed near the Bénin-Niger border on December 6, has further strained relations.
Notably, intelligence indicates that two units of the Nigerien Armed Forces were deployed to Gaya, Niger, two days before the coup, under orders from the Chief of Army Staff, General Mamane Sani Kiao. The units, dispatched from Maradi, were positioned near the Niger-Benin border, prompting questions about their intended mission, whether to escort sensitive convoys or monitor the activities of Tigri and his collaborators. After the coup’s failure, the Nigerien troops withdrew.
Sources close to the investigation reveal a pattern of discreet meetings, financial support, and communications linking Tigri and his affiliates with Nigerien intermediaries believed to be aligned with Nigerien authorities loyal to the transition government of General Abdourahamane Tiani. These contacts reportedly extended to operational planning and intelligence sharing, further complicating the regional security environment.
The presence of Tigri in Niamey, reportedly in a villa housing senior government officials including the Prime Minister and foreign advisors, mirrors the high-risk nature of his concealment. Reports indicate that Bala Arabé, head of Niger’s DGDSE, recently moved into a nearby city villa, further reinforcing suspicions of possible protection or surveillance by state actors.
In Bénin, authorities continue to pursue multiple leads, including tracing financial flows, and other classified intelligence. Video messages circulated by activist Kemi Seba in the immediate aftermath of the attempted coup suggest that some actors were forewarned, leading to an international warrant for Tigri and other suspected collaborators.
Nigeria, through intelligence sharing and diplomatic engagement, has played a stabilising role, working closely with Bénin authorities to monitor the crisis and prevent escalation. The swift and strategic deployment of Air and ground troops along the border played a pivotal role in limiting the potential fallout of the coup. Again, the deployment and surveillance along Gaya further prevented an escalation into a broader regional crisis. Nigeria’s proactive involvement exemplifies its commitment to safeguarding democratic governance and regional stability in West Africa.
The episode has drawn attention to vulnerabilities in border security, aviation oversight, and intelligence coordination in the sub-region. The intricate escape route, alleged cross-border support networks, and the covert operations surrounding Tigri signals the continuing challenges in preventing the spread of political instability as well as insecurity.
The presence of Tigri in Niamey, coupled with previous intelligence intercepts, continues to fuel speculation regarding Niger’s role, direct or indirect. The incident also exposed vulnerabilities in private aviation oversight and cross-border security, which called for the need for tighter controls to prevent the movement of rogue actors.
Meanwhile, sources confirmed that Bénin continues to pursue investigations into the escape of Tigri and other mutineers, with international warrants reportedly issued against key figures implicated in the attempted coup. For now, Tigri’s presence in Niamey continues to be a focal point of diplomatic and intelligence scrutiny in West Africa.
Nigerien authorities have not issued official statements regarding the presence of Tigri on their territory.
Benin coup plotter Pascal Tigri traced to Niger, as accusing fingers pointed at President Tchiani
News
13 Nigerien security forces killed by terrorists in Goubey attack, several injured
13 Nigerien security forces killed by terrorists in Goubey attack, several injured
By: Zagazola Makama
At least 13 members of the Nigerien security forces were killed in an attack by suspected armed militants on 17 December 2025 in Goubey, located about ten kilometres from Dioundiou in the Dosso region, sources confirmed.
Zagazola learnt that the victims include three police officers, one National Guard attached to the joint departmental and border patrol of Dioundiou, and nine members of the Nigerien Armed Forces (FAN) from the Karakara-based Damissa operation.
One officer from Damissa sustained serious injuries.
In addition, two vehicles were destroyed in the attack, including one belonging to the departmental patrol and another from the Damissa unit.
Security forces have reportedly launched follow-up operations to track the assailants and secure the area.
No group has claimed responsibility for the attack.
13 Nigerien security forces killed by terrorists in Goubey attack, several injured
News
Woman found dead in Maitama residence, FCT
Woman found dead in Maitama residence, FCT
By Zagazola Makama
A woman has been found dead in her residence at Federal Housing Authority (FHA) Maitama, Abuja
Sources said that Hajiya Fanna Mohd Abare, who had been unresponsive for about two days, was discovered in a decomposed state by her sister, Hajiya Aisha Mongo, on December 17 at about 1700 hours.
The door to the room had been locked, and it was forced open before the body was found.
Police detectives were dispatched to the scene. Due to the advanced state of decomposition and to prevent potential public health hazards, the Abuja Environmental Health Department was contacted, and the body was subsequently evacuated for burial at Gudu Cemetery.
Police sources said “No foul play is suspected in the incident”.
The sources said that investigations are ongoing to officially determine the cause of death.
Woman found dead in Maitama residence, FCT
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