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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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NIMC Pushes Digital Identity Reforms to Boost Service Delivery, Security

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NIMC Pushes Digital Identity Reforms to Boost Service Delivery, Security

By: Michael Mike

The National Identity Management Commission (NIMC) has reaffirmed its commitment to strengthening Nigeria’s Digital Public Infrastructure (DPI) through the deployment of secure digital identity systems aimed at improving governance, enhancing national security, and expanding access to public services.

Speaking at a digital conference in Abuja themed “Building Africa’s Digital Foundations Together,” the Director-General and Chief Executive Officer of NIMC, Abisoye Coker-Odusote, represented by the Head of Infrastructure Technology and Identity Databases, Mr. Sulaiman Falade, said the commission is driving reforms and institutional partnerships to build an inclusive and interoperable digital identity ecosystem.

According to her, the National Identification Number (NIN) has become central to Nigeria’s digital transformation agenda, serving as a key tool for identity verification, biometric authentication, and access to both government and private sector services.

She noted that following the Presidential Directive issued on April 5, 2024, Ministries, Departments and Agencies (MDAs) were mandated to integrate the NIN into digital services, particularly in areas involving data capture, identity verification, and authentication processes.

Coker-Odusote stated that NIMC has already established implementation structures to ensure compliance with the directive and to deepen the adoption of digital identity solutions across the country.

She further stressed that the Federal Government’s vision is to establish a unified, secure, and transparent digital identity framework capable of supporting efficient service delivery and accountability in governance.

The NIMC boss added that the commission is also advancing Nigeria’s broader digital governance goals through the deployment of the National Public Key Infrastructure (nPKI), a system designed to strengthen trust in digital transactions, safeguard citizens’ data, and promote secure online interactions.

She called on stakeholders in both the public and private sectors to continue supporting the implementation of Nigeria’s digital identity ecosystem, noting that the initiative is critical to national development and economic growth.

According to her, NIMC remains committed to leveraging technology and innovation to build a more connected, efficient, and resilient nation.

NIMC Pushes Digital Identity Reforms to Boost Service Delivery, Security

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Tinubu Sweeps Zulum’s Ward with 100% Votes in APC Presidential Primary

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Tinubu Sweeps Zulum’s Ward with 100% Votes in APC Presidential Primary

By: Michael Mike

President Bola Ahmed Tinubu recorded a landslide victory in the All Progressives Congress (APC) presidential primary election in Mafa Ward of Borno State, securing all valid votes cast in the exercise held in the home ward of Governor Babagana Umara Zulum.

The direct primary election took place at Mafa Central Primary School under the supervision of the Chairperson of the Presidential Primary Election Committee, Hajiya Inna Alkali Imam.

According to the results announced at the ward level, Tinubu polled 2,175 votes, representing 100 per cent of the valid votes cast during the exercise. Out of the 2,277 registered APC members in the ward, 2,175 were accredited and participated in the voting process.

Tinubu’s challenger, Stanley Osifo, an APC chieftain and businessman from Edo State, failed to secure any vote in the ward.

Governor Zulum, who served as the Coordinator and Collation Officer for the presidential primary in the state, said he participated in the exercise as an indigene of Mafa Ward.

“I am from Mafa Ward, and that is why I am here to witness and participate in the exercise. We have two candidates, President Bola Ahmed Tinubu and Mr Stanley Osifo,” Zulum stated.

The governor also commended the peaceful conduct of the exercise and the turnout of party members.

“So far so good, we have conducted the presidential primary election for Mafa Ward, and I am very impressed with the turnout. We have a total of about 2,277 registered party members in Mafa Ward, out of which 2,175 were accredited for the voting, and all of them voted for President Bola Ahmed Tinubu, while the other candidate scored zero,” he said.

The APC presidential primary is ongoing in several states across the country, with the party expected to collate and announce final nationwide results at a later date.

Tinubu Sweeps Zulum’s Ward with 100% Votes in APC Presidential Primary

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I Remember At Age Of 8,General Gowon Would Send Hand Written Letter To Yusuf Signed Uncle Joe-Sanusi

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I Remember At Age Of 8,General Gowon Would Send Hand Written Letter To Yusuf Signed Uncle Joe-Sanusi

By: Our Reporter

The 16th Emir of Kano, Muhammadu Sanusi II, has recounted a touching childhood memory about former Nigerian Head of State Yakubu Gowon, portraying him as a compassionate leader who extended personal support to the family of a military officer killed during the 1966 coup.

Speaking during an interview on Signature TV, Sanusi reflected on his early years at St Anne’s Secondary School in Kaduna, where he attended school alongside Yusuf Pam, the son of the late Colonel Joseph Pam, one of the victims of the January 1966 Nigerian coup.

The former governor of the Central Bank of Nigeria recalled that despite the demands of national leadership, Gowon took a personal interest in the wellbeing of Yusuf following the loss of his father. According to Sanusi, the former Head of State frequently sent handwritten letters to the young boy, signing them “Uncle Joe.”

“What I remember at the age of eight was that General Gowon, as Head of State, would send a handwritten letter to Yusuf signed ‘Uncle Joe.’ That is a window into the person you are dealing with,” Sanusi said.

The Emir noted that the gesture has remained vivid in his memory over the years because it revealed a caring and humane side of leadership during one of the most turbulent periods in Nigeria’s history. He suggested that Gowon’s actions reflected empathy and a sense of responsibility toward families affected by the political upheaval of the time.

Colonel Pam was among several prominent figures who lost their lives during the 1966 coup, a pivotal event that reshaped Nigeria’s political landscape and contributed to years of instability and conflict that followed.

I Remember At Age Of 8,General Gowon Would Send Hand Written Letter To Yusuf Signed Uncle Joe-Sanusi

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