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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 Foil ISWAP Attack Attempt in Guzamala

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Troops Foil ISWAP Attack Attempt in Guzamala

By: Zagazola Makama

Troops of Sector 3 Area of Responsibility have foiled an attempted attack by suspected ISWAP/JAS terrorists on Forward Operating Base (FOB) Mairari in Guzamala Local Government Area of Borno State.

Sources said the incident occurred at about 1329hrs on April 19, when the terrorists attempted to infiltrate the base through Charlie/Delta Company axis.

The attackers, operating with two gun trucks, were sighted advancing toward the entrance gate of Mairari town along the Gajiram axis.

Troops immediately engaged the advancing terrorists, forcing them to abandon their mission and retreat.

Following the encounter, troops dominated the general area with patrols, while air support was also deployed and hovered over the vicinity. However, no further terrorist presence was observed after the exchange.

Security sources said exploitation and clearance operations are ongoing to prevent regrouping and to secure surrounding communities.

Troops Foil ISWAP Attack Attempt in Guzamala

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Troops Arrest Suspected Terror Logistics Couriers in Kogi State

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Troops Arrest Suspected Terror Logistics Couriers in Kogi State

By: Zagazola Makama

Troops under Operation MESA have arrested two suspected terrorist logistics couriers along the Obajana–Kabba road in Lokoja Local Government Area of Kogi State.

Sources said the operation was conducted at about 0010hrs on April 20, following credible intelligence report on the movement of suspected terrorist logistics couriers.

Troops of 12 Brigade mounted a snap checkpoint at RA Oshokoshoko and intercepted a vehicle conveying the suspects en route Obajana from Makurdi.

A search of the vehicle led to the recovery of a sack containing 314 rounds of 7.62mm special ammunition and three AK-47 magazines, concealed behind the driver’s seat.

Other items recovered include two mobile phones, a driver’s licence, a National Identification Number (NIN) slip, and an identity card.

The suspects and recovered items are currently in military custody for further investigation and action.

Troops Arrest Suspected Terror Logistics Couriers in Kogi State

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Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa

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Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa

By: Zagazola Makama

Security operatives in Nasarawa State have intercepted stolen livestock allegedly rustled by Berom militia from Bokkos in Plateau State and sold through illicit channels, leading to the arrest of a suspect who claimed to have purchased the animals from a paramount ruler.

Police sources said the breakthrough followed credible intelligence received by the State Criminal Investigation Department (SCID) in Lafia on April 19 regarding suspicious cattle being traded at the Lafia cattle market.

Acting on the tip-off, detectives swiftly mobilised to the market and arrested one Alhaji Ziya-U Inusa, a resident of Dengi in Plateau State, who was found in possession of eleven cows suspected to have been stolen.

During interrogation, the suspect reportedly confessed that he purchased twelve cows from a paramount ruler in Plateau State (name withheld) but transported only eleven due to limited vehicle capacity.

Further investigation led to the emergence of one Abdullahi Adamu from Bokkos Local Government Area of Plateau State, who identified himself as the rightful owner of the recovered livestock.

Adamu explained that the cows were part of a larger herd of 57 cattle rustled in May 2025 by armed youths in Bokkos, adding that all previous efforts to recover the animals had been unsuccessful until the latest operation.

Security sources confirmed that the recovered cattle have been secured, while investigations are ongoing to unravel the network involved in the rustling and illicit sale of the livestock, including the alleged role of intermediaries and buyers.

The incident adds to a growing pattern of attacks against the livelihoods of pastoralist communities in Barkin Ladi, Bokkos, Mangu, and other parts of Plateau State.

Zagazola has consistently reported how Berom militia have engaged in livestock theft. In most cases, the victims (Fulani herders) are killed and buried in shallow graves, while in some instances, troops or police intercept the criminals and recover the stolen livestock.

The latest such incident occurred on April 16, when troops under Operation Enduring Peace responded to a rustling incident in Mangu Local Government Area, where suspected criminals fled before security forces arrived.

Similarly, on April 15, troops under Operation Enduring Peace (OPEP) recovered 48 rustled cattle in Yelwa village, Heipang District of Barkin Ladi Local Government Area of Plateau State. Sources said the recovery followed a distress call received at about 0635 hours reporting the rustling of cattle belonging to a resident of the community.

In another operation on April 13, troops foiled an attempted cattle rustling in Bassa Local Government Area, recovering 92 cattle after pursuing suspected youths who abandoned the animals while fleeing.

Zagazola reports that such incidents are among the main triggers of the cycle of reprisal attacks, further escalating tensions in affected communities.

Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa

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