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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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Security operatives recover AK-47 rifle in Kaduna community

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Security operatives recover AK-47 rifle in Kaduna community

By: Zagazola Makama

Security operatives in Kauru Local Government Area of Kaduna State have recovered an AK-47 rifle and ammunition from a fleeing suspect.

Zagazola learnt that the recovery was made at about 2:00 p.m. on Feb. 11, 2026, during a routine patrol along the Kauru–Unguwan Ganye Road.

Security sources said the patrol team received intelligence about a suspicious motorcycle rider heading toward the area.

Following the tip-off, the operatives immediately mounted a snap roadblock along the route.

On sighting the checkpoint, the rider reportedly abandoned his motorcycle, dropped a bag and fled into nearby bush paths.

A search of the abandoned bag led to the recovery of one AK-47 rifle with its breach number filed off, one magazine and one 6.2mm live ammunition.

Security personnel have since launched a manhunt for the fleeing suspect.

Security operatives recover AK-47 rifle in Kaduna community

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Suspected IED explosion foiled at Bayelsa State Secretariat, suspect arrested

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Suspected IED explosion foiled at Bayelsa State Secretariat, suspect arrested

By: Zagazola Makama

Security operatives have arrested a man following a suspected improvised explosive device (IED) incident at the Bayelsa State Secretariat in Yenagoa.

Zagazola reports that the explosion was heard on Feb. 11, 2026, at about 6:00 a.m., prompting an immediate response from police operatives attached to the Special Weapons and Tactics (SWAT) Unit.

Sources said that the suspect, identified as Pentecost Elijah, 60, of Otuan in Southern Ijaw Local Government Area, reportedly admitted to placing the suspected explosives in the secretariat complex.

According to preliminary investigations, the suspect claimed he sought to draw attention from the State Government due to perceived neglect.

The sources said that the area has been cordoned off, and Explosive Ordnance Disposal (EOD) teams, along with CBRN specialists, are conducting thorough sweeps of the complex. Authorities confirmed that the situation is currently under control, and investigations are ongoing.

Suspected IED explosion foiled at Bayelsa State Secretariat, suspect arrested

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Korea, Kaduna Film Festival Spotlight Girl-Child Plight, Deepen Creative Ties

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Korea, Kaduna Film Festival Spotlight Girl-Child Plight, Deepen Creative Ties

By: Michael Mike

The Kaduna International Film Festival (KADIFF), in collaboration with the Korean Cultural Centre in Nigeria (KCCN), has hosted a powerful screening of “Scars the Movie” alongside an intensive filmmaking workshop in Abuja, using cinema as a platform to confront social injustice and strengthen Nigeria–Korea cultural relations.

The event brought together filmmakers, actors, students and culture enthusiasts for a thought-provoking exploration of forced marriage, gender inequality and the transformative power of storytelling.

Scars the Movie follows the journey of Hasia, a 16-year-old girl with dreams of becoming a doctor, whose aspirations are crushed when her father forces her into marriage to settle a debt. Married off to an older wealthy man, she endures abuse, repeated miscarriages and isolation, while her education and independence are stripped away. The film lays bare the harsh intersection of poverty, patriarchy and silence that continues to affect vulnerable girls.

Speaking at the opening ceremony, Director of KCCN Abuja, Mr. Jeon Ju-ho, described the screening as deeply significant, noting that it addresses an issue that transcends borders.

“Today is of immense importance because it speaks about life — and not just life, but the life of a girl child,” he said. “A child forced into the role of a woman, and brutally so. These are conversations we must not avoid.”

He emphasized that film remains one of the most powerful tools for sparking dialogue and social reflection.

Director-General of KADIFF, Israel Audu, explained that the film was deliberately selected to spotlight challenges prevalent in parts of northern Nigeria.

“Hasia’s story represents the painful reality faced by many young girls whose dreams are sacrificed on the altar of poverty and cultural pressure,” Audu said. “This film exposes the emotional and generational scars such practices leave behind.”

Beyond the screening, participants engaged in a practical workshop covering directing, acting and cinematography, designed to strengthen technical capacity within Nigeria’s fast-growing film industry.

Audu noted that the partnership between KADIFF and KCCN reflects a broader commitment to creative collaboration between Nigeria and South Korea. He said cultural exchanges — from film festivals to K-drama, K-pop, language classes, Taekwondo and culinary programs — have helped build mutual understanding between both nations.

According to him, more than 300,000 Nigerians have participated in Korean cultural programmes, gaining new skills and global exposure.

“These collaborations are not just about entertainment,” he said. “They are about knowledge transfer, talent development and economic opportunity. By sharing filmmaking techniques and nurturing creative talent, we can develop a richer, blended cinematic identity.”

The event underscored how film can serve as both a mirror and a bridge — reflecting societal challenges while connecting cultures across continents.

As discussions continue around protecting the rights of the girl-child and expanding Nigeria’s creative economy, stakeholders say partnerships like this demonstrate how art, when supported by international cooperation, can inspire change and deepen diplomatic ties.

Korea, Kaduna Film Festival Spotlight Girl-Child Plight, Deepen Creative Ties

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