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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
NIMC Targets Diaspora Expansion as Tinubu’s UK Visit Boosts Digital Identity Drive
NIMC Targets Diaspora Expansion as Tinubu’s UK Visit Boosts Digital Identity Drive
By: Michael Mike
Nigeria’s push to build a robust and inclusive digital identity system has gained fresh momentum, as the National Identity Management Commission (NIMC) unveiled plans to significantly expand National Identification Number (NIN) enrolment among citizens living abroad.
The development comes on the heels of the ongoing state visit of Bola Tinubu the United Kingdom, where top government officials, including NIMC Director-General Abisoye Coker-Odusote, are leveraging high-level engagements to deepen cooperation in digital innovation and identity management.

While the visit, hosted by King Charles III and Queen Camilla, carries strong diplomatic symbolism, it is also serving as a springboard for concrete policy actions, particularly in bridging identity gaps for millions of Nigerians in the diaspora.
A statement on Wednesday by the Head, Corporate Communications, National Identity Management Commission, Dr. Kayode Adegoke read that at the centre of NIMC’s renewed push is an aggressive expansion of NIN enrolment infrastructure across the UK, widely regarded as one of the largest hubs of Nigerian migrants.
He said the plan includes opening additional enrolment centres, streamlining verification processes, and deploying more efficient digital platforms to eliminate long-standing bottlenecks.
Coker-Odusote, speaking during engagements on the sidelines of the visit, stressed that the Commission is determined to remove barriers that have historically limited access to identity services for Nigerians overseas.
“We are taking deliberate steps to ensure that every Nigerian, regardless of location, can seamlessly obtain their NIN and access essential services tied to it,” she said, underscoring the Commission’s commitment to inclusivity.
The implications of the initiative are far-reaching. A functional and accessible NIN system is increasingly central to participation in Nigeria’s financial system, telecommunications services, and government programmes. For diaspora Nigerians, improved access means the ability to stay economically and administratively connected to the country without physical presence.
Industry observers note that the timing of the initiative is critical, as Nigeria accelerates its transition to a digitally driven economy where identity verification underpins everything from banking to social welfare delivery.
Back home, NIMC is mirroring its international expansion with a parallel grassroots strategy aimed at closing the identity gap within Nigeria. Through ward-level enrolment campaigns, the Commission is taking registration services directly to rural and underserved communities, reducing travel burdens and improving coverage among vulnerable populations.
The dual approach, global expansion and local penetration, signals a shift from policy ambition to execution, with identity infrastructure now firmly positioned as a cornerstone of governance and economic planning.
As Nigeria strengthens its diplomatic and economic ties with the UK, stakeholders noted that the integration of identity management into bilateral discussions reflects a broader recognition: in an increasingly digital world, national development is inseparable from the ability to accurately identify and connect citizens, wherever they may be
NIMC Targets Diaspora Expansion as Tinubu’s UK Visit Boosts Digital Identity Drive
News
ISWAP death toll rises to 75 after devastating defeat in Malam Fatori
ISWAP death toll rises to 75 after devastating defeat in Malam Fatori
By: Zagazola Makama
The death toll of terrorists neutralised during a failed infiltration attempt on troops’ position in Malam Fatori, Abadam Local Government Area of Borno, has risen to 75, in what security analysts describe as one of the most decisive recent blows against the Islamic State West Africa Province.
Zagazola report that the Initial reports had put the number of insurgents killed at 61, following a coordinated response by troops of Operation Hadin Kai, supported by the Nigerian Air Force.

However, updated battlefield assessments and mop-up operations indicate that at least 75 fighters were neutralised, with several others believed to have escaped with severe injuries.
The attack, which occurred in the early hours of Wednesday, saw ISWAP fighters advancing on foot toward the 68 Battalion location, reportedly deploying armed drones in an attempt to breach defensive lines. The infiltration, launched from the Duguri axis toward the Bravo Company frontage, was swiftly detected and repelled.

Military sources said the success of the operation was anchored on superior coordination between air and ground forces, illustrating the growing effectiveness of joint-force synergy in counter-insurgency operations in the North-East.
Four precision air interdiction strikes were conducted on identified terrorist withdrawal routes effectively degrading their combat capability and disrupting their manoeuvre.
The integration of air power ensured that the insurgents were fixed in position and subjected to sustained bombardment, forcing a chaotic withdrawal toward the Arege axis.
Further compounding the losses of the terrorists group was the intervention of allied air assets from the Niger Republic, which carried out additional strike passes on fleeing terrorists.Although a full battle damage assessment of those strikes is still ongoing, security sources believe the combined firepower significantly increased the casualty figures.

In addition to the high number of fatalities, troops reportedly recovered a large cache of arms and ammunition from the battlefield, further weakening the operational capacity of the group in the Lake Chad region.
On the side of government forces, four soldiers sustained minor injuries and have since been stabilised.
ISWAP death toll rises to 75 after devastating defeat in Malam Fatori
News
3 bandits, 11 community guards killed in bloody clash in Katsina
3 bandits, 11 community guards killed in bloody clash in Katsina
By: Zagazola Makama
No fewer than three suspected bandits and 11 members of a local vigilante group have been killed in a violent clash between communities and repentant bandits in Jibia Local Government Area of Katsina State.
The incident, which occurred on Tuesday, followed the collapse of a peace arrangement between residents of Falale and Kadobe villages and a group of repentant bandits operating in the area.
Security sources told Zagazola Makama that the confrontation began at about 12:00 p.m. when tensions escalated into a fierce exchange, leading to the killing of three of the bandits.
The development, however, triggered a swift reprisal attack by the armed group, resulting in the deaths of 11 vigilante members drawn from the affected communities.
The Katsina State Police Command confirmed the incident, noting that security operatives were immediately deployed to the scene upon receipt of the report.
Similarly, a joint teams of the troops of Operation FANSAN YANMA, police and other security agencies engaged community leaders and stakeholders to de-escalate the situation and prevent further violence.
“Normalcy has been restored in the area, while investigation into the incident has commenced,” the sources said.
The clash is believed to be linked to a breakdown in trust between the communities and the repentant bandits, amid ongoing efforts by the state government to explore non-kinetic approaches to addressing insecurity in parts of the state.
Residents said the situation remains tense, although security presence has been reinforced to forestall further attacks.
3 bandits, 11 community guards killed in bloody clash in Katsina
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