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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
Spate in Bloodshed in the North: KACRAN Calls for Diplomatic Solution
Spate in Bloodshed in the North: KACRAN Calls for Diplomatic Solution
By: Michael Mike
As fresh waves of violence leave communities in mourning across Northern Nigeria, the Kulen Allah Vitality Self-Reliance Association (KACRAN) has called for an immediate diplomatic surge to end the spiraling insecurity that has claimed more than 200 lives in recent attacks in Niger and Kwara states.
In a statement issued on Sunday, the association condemned what it described as a relentless cycle of killings, kidnappings and livestock rustling that has devastated families and crippled rural economies.
It also decried the reported abduction of 176 persons in parts of Kwara State, urging security agencies to ensure their swift and unconditional release.
KACRAN said while the military has continued to confront armed groups across the region, force alone cannot deliver lasting peace.
“Permanent peace is built on trust, dialogue and unity of purpose, not bullets alone,” the association said, warning that prolonged militarisation of internal conflicts risks creating more complex and entrenched crises.
The group acknowledged ongoing security interventions under President Bola Tinubu and commended the leadership of the National Security Adviser, Nuhu Ribadu, as well as the Chief of Defence Staff, Christopher Musa.
It praised the sacrifices of troops on the frontlines but expressed concern that despite a defence budget exceeding N5 trillion in 2026, attacks continue in several communities.
According to KACRAN, the persistence of violence suggests the need for a complementary political and diplomatic framework to address the root causes of instability, including poverty, youth unemployment, communal mistrust and competition over land and grazing resources.
The association proposed what it termed a “diplomatic roadmap” anchored on three key pillars: coordinated leadership among Northern governors and stakeholders; structured dialogue to rebuild trust between affected communities; and economic reinvestment in agriculture and youth empowerment.
It stressed that redirecting resources toward job creation, infrastructure and holistic agricultural development — spanning crop farming, livestock and fisheries — would undercut the economic incentives driving criminality.
“Peace and security in the North is the bedrock of peace in Nigeria,” said Hon. Khalil Bello, National President of KACRAN, urging Northern leaders to close ranks and take collective responsibility for restoring stability.
The North has faced years of overlapping security challenges, from banditry and kidnapping to farmer-herder clashes and organized criminal networks. Entire villages have been displaced, schools shut down and farmlands abandoned, worsening food insecurity and economic hardship.
Security analysts note that while military operations have recorded tactical successes, the absence of sustained dialogue and socio-economic reforms has allowed violence to resurface in cycles.
KACRAN warned that Nigeria must avoid the prolonged instability seen in conflict-ridden nations, emphasizing that unity and inclusive engagement remain the only viable path to sustainable peace.
Spate in Bloodshed in the North: KACRAN Calls for Diplomatic Solution
News
Nigerians in Diaspora Commission Boss Demands Justice Over Killing of Nigerian Driver in South Africa
Nigerians in Diaspora Commission Boss Demands Justice Over Killing of Nigerian Driver in South Africa
By: Michael Mike
The Chairman/Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has strongly condemned the killing of a 22-year-old Nigerian e-hailing driver, Isaac Satlet, in Pretoria, South Africa, describing the incident as deeply troubling and unacceptable.
In a statement issued in Abuja on Sunday, Dabiri-Erewa called on South African authorities to ensure the immediate arrest and prosecution of all those involved in the crime. She said the recurring cases of violence and criminal attacks against Nigerians living in South Africa have become a serious source of concern.
The NiDCOM boss noted that Nigeria and South Africa share a long history of diplomatic, economic and historical ties, rooted in solidarity during the anti-apartheid struggle, however expressing disappointment that despite this relationship, some individuals continue to perpetrate violent crimes against fellow Africans.
Dabiri-Erewa urged South African authorities to guarantee the protection of lives and property of non-indigenes, stressing that justice must not only be done but be seen to be done in the case of the murdered driver.
She reiterated the Commission’s resolve to strengthen rapid response protocols and institutionalise structured escalation mechanisms for handling diaspora-related emergencies. According to her, NiDCOM will intensify risk mapping strategies and deepen structured engagement with host authorities to improve the safety of Nigerians abroad.
Meanwhile, South African police have reportedly arrested a female suspect in connection with the brutal murder of Satlet, which occurred on February 11, 2026, in Pretoria West. The suspect is expected to appear before the Atteridgeville Magistrate’s Court on February 16, 2026, on charges of car hijacking and murder.
Police reports indicate that Satlet had picked up two passengers — a male and a female — through an e-hailing platform before he was attacked and his vehicle hijacked. His body and the stolen car were later discovered in Atteridgeville.
Dashcam footage reportedly captured part of the incident and played a crucial role in the swift arrest of the female suspect. Authorities are still searching for the male suspect, with further arrests anticipated.
The killing has sparked widespread outrage within the Nigerian community in South Africa and back home, with renewed calls for improved safety measures for e-hailing drivers who often operate in high-risk environments.
Satlet, described by friends and associates as hardworking and ambitious, was a student preparing to graduate next month. He had reportedly planned to pursue further studies in Canada, making his death even more devastating for his family and loved ones.
Over the past decade, diplomatic relations between Nigeria and South Africa have occasionally come under strain due to recurring xenophobic attacks and criminal incidents involving foreign nationals, including Nigerians. Several bilateral meetings and joint commissions have been convened to address concerns over citizens’ safety and promote cooperation on migration and security issues.
NiDCOM, established to engage and protect Nigerians in the diaspora, has repeatedly advocated structured frameworks with host countries to respond swiftly to emergencies affecting Nigerian nationals abroad. The Commission has also called for improved documentation, safety awareness, and collaboration between diaspora groups and local law enforcement agencies.
Dabiri-Erewa reaffirmed that while Nigeria respects the sovereignty of South Africa, the safety and protection of Nigerian citizens abroad remain non-negotiable.
Nigerians in Diaspora Commission Boss Demands Justice Over Killing of Nigerian Driver in South Africa
News
Kidnapped worshippers of St. John Catholic Church regain freedom in Benue, four suspects arrested
Kidnapped worshippers of St. John Catholic Church regain freedom in Benue, four suspects arrested
By: Zagazola Makama
The Benue State Police Command has confirmed the release of worshippers abducted during a night vigil at St. John Catholic Church, Ojeji, in Ado Local Government Area of the state.
Sources disclosed that the victims were freed unhurt following sustained search and rescue operations mounted by security operatives in the area.
In connection with the incident, two suspects, Abubakar Jibril and Ashiru Ibrahim, were earlier arrested on Feb. 11, 2026, by the Divisional Police Officer (DPO) in Ado. The suspects were reportedly found in possession of five rounds of 7.62mm ammunition at the time of their arrest.
Further follow-up operations by the Intelligence Response Team (IRT) from Abuja, in collaboration with tactical teams, led to a raid on a hideout linked to one of the suspects. During the operation on Feb. 14, an AK-47 rifle and eight rounds of 7.62mm ammunition were recovered, while two additional suspects were arrested.
The suspects are believed to be involved in the kidnapping of worshippers during the church’s night vigil.
Authorities said investigations by the State Criminal Investigation Department (SCID) and the IRT are ongoing, with efforts intensified to track down other members of the syndicate.
Kidnapped worshippers of St. John Catholic Church regain freedom in Benue, four suspects arrested
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