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Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)

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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)

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Troops detect, detonate IED along Ngoshe–Pulka road in Borno

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Troops detect, detonate IED along Ngoshe–Pulka road in Borno

By: Zagazola Makama

Troops of the Explosive Ordnance Disposal (EOD) team of 82 Division Task Force Battalion have successfully detected and detonated an improvised explosive device (IED) along a major supply route in Gwoza LGA of Borno State.

Security sources said the device was discovered at about 9:42 a.m. on March 22 during a routine scan of the Main Supply Route (MSR) between PAPA 4 and PAPA 5 along the Ngoshe–Pulka road.

The IED, suspected to have been planted by terrorists to target troops and commuters, was safely recovered and detonated in situ by the EOD team without causing any casualties.

Military sources said the operation was part of ongoing counter-IED measures aimed at ensuring the safety of movement along critical routes in the North-East.

Residents and road users have been urged to remain vigilant and report any suspicious objects or activities to security agencies for prompt action.

Troops detect, detonate IED along Ngoshe–Pulka road in Borno

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ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert

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ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert

By: Zagazola Makama

A suspected ISWAP cleric has issued threats of a possible attack on Malam Fatori following the recent neutralization of 75 terrorists in a failed attack on March 18 2026.

According to intelligence sources, the cleric, who reportedly led this year Eid Fitr prayers in a location near Sabon Tumbu, warned during his sermon that the group would soon retaliate against Nigerian troops for operations carried out in Malam Fatori.

The source said the cleric specifically threatened that the town could be “reduced to ashes” in a reprisal attack, stressing that such statements by insurgents should not be dismissed as mere rhetoric.

Sources noted that past experiences have shown that insurgent groups often act on their threats, urging troops deployed in Malam Fatori to remain on high alert and adequately equipped to counter any potential assault.

They also warned that the insurgents could deploy heavy firepower and adopt tactics such as coordinated assaults and the use of vehicle-borne explosive devices in any attempted attack.

Malam Fatori has for long been described as the town as a long-standing stronghold of military resistance against terrorist elements. The town has, over the years, witnessed decisive military victories against ISWAP fighters, nick named the “Grave Yard of ISWAP” and earning a REPUTATION as a difficult terrain for insurgents to operate.

The troops of the Armed Forces, supported by other security agencies, remain on high alert and have continued to fortify defensive positions in anticipation of any attempted incursion.

According to the sources, intelligence and surveillance have been intensified, while logistics and operational readiness have been enhanced to ensure that any threat is decisively neutralised.

“Experience has shown that insurgents often suffer heavy losses whenever they attempt to attack well-defended positions like Malam Fatori,” the source said.

ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert

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Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur

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Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur

By: Zagazola Makama

Sheikh Yusuf Haruna Baban Chinedu, popularly known as Baban Chinedu, has launched a scathing and evidence-based attack on controversial Plateau pastor Ezekiel Dachomo in a viral video, accusing him of being a former armed robber and a liar who fabricated stories about meeting Jesus after a 1980 bank robbery in Jos.

Baban Chinedu declared: “Ezekiel Dachomo isn’t just someone seen in a photo with a bandit; no, he is the bandit! … Ezekiel committed armed robbery. We have records on him from 1976, from ’76 to sometime after 2000. … This man is a hardened armed robber.”

He played a clip of Dachomo admitting: “Because I went in 1980 is our gang that robbed a bank in Jos, Plateau State, Nigeria. 1980, they make away with a lot of money. It was my best friend that led the operation.” Baban Chinedu challenged: “Praise be to God, I hope you all heard the statement this man made. … He is lying! I want you to listen and know that first of all, this man is a complete hypocrite and a total liar. I swear, it was a gun that shot them! Angels? He claims Jesus came down with seven angels who struck them and killed fourteen people while he hid in the blood? You see, even the angels God sent down… only managed to kill fourteen people and lost track of where that one man was?”

The sheikh alleged Dachomo hid among corpses and was rescued by a gang member named Emmanuel, not Jesus: “He was begging Jesus for God’s sake to forgive him and spare his life. He claims that was where he met Jesus… By Allah, he is lying! … It was a gun that shot them! No Jesus descended there; he is lying to you.” He added: “A lady told me; she heard him when he was shot, and he still has the scar from that wound on his left side. … He is lying! At that time, it was the police, Nigerian security agents, Nigeria Police MOPOL who she said shot them.”

Baban Chinedu accused Dachomo of transitioning from “practical, street-level bandit” to “spiritual bandit” and inciting religious conflict: “The armed bandits of the past are the ones who transformed into these kidnappers. … All those who are making these plans are your boys… You’re insulting her religion, she told us the truth about everything that happened… You are a robber, and the government should investigate you; you’re behind all of this.”

He challenged Dachomo to court: “Ezekiel, I, Yusuf Haruna Baban Chinedu, challenge you: if you know there’s any falsehood in what’s being said about you, take it to court.” The sheikh demanded investigation: “We want the government if possible to investigate this man, I swear to God he’s an armed robber… By Allah, the government should know that Ezekiel is involved in this. Let him tell you the names of those he robbed with.”

The viral video has ignited fierce online reactions, with many praising Baban Chinedu’s evidence-based approach while others condemn the personal attacks on Dachomo, intensifying Nigeria’s ongoing religious and ethnic tensions occasioned by US recent remarks on Christians genocide propaganda. Watch the video in the comment section.

Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur

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