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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
UN Expresses Deep Pains Over Schoolgirls Abduction in Nigeria
UN Expresses Deep Pains Over Schoolgirls Abduction in Nigeria
…Calls for Gender Equality and Empowerment
By: Michael Mike
The United Nations (UN) has expressed deep pain over school girls abductions in Nigeria.
UN Women Deputy Executive Director, Nyaradzayi Gumbonzvanda who was in Nigeria on official visit at the weekend while expressing the concern of the international body over the continued kidnappings in schools in the country, also called for gender equality, the empowerment and rights for all women and girls in Nigeria.
Gumbonzvanda said she personally feels the pains as a mother of what the abducted children are going through.
She said: “And at the outset, to also express as a mother, as a leader, my deep pain with the abductions that we still continue to see of our daughters. I needed to express that at the outset.
“I therefore join my voice to call for the release of the abducted daughters of this nation. As a mother, I even feel my stomach churning when I wonder, what did she eat today? Where did she sleep tonight? Was she inappropriately touched? What are her fears and her traumas? And I also think of her community, their communities, and their families. And therefore reaffirm that every girl must have a right and does have a right to security and to education.”
She added: “Violence against women and girls remains pervasive in this country, Nigeria, with the abductions that I have mentioned and the attacks on schoolgirls highlighting the urgent need for safety in schools, safety in our homes, in our communities, and online.”
She explained that “This is critical because globally, nearly one in three women experience physical or sexual violence in their lifetime.”
Gumbonzvanda also decried the alarming rate of Technology-Facilitated Gender Based Violence, calling for proper protections for the girl child.
She said: “A critical area of concern remains technology-facilitated gender-based violence, which is rising globally and nationally. Between 16 percent and 58 percent of women worldwide experience some form of online or technology-facilitated gender-based violence, depending on the region.
“Globally, one in three women experience physical or sexual violence. And technology-facilitated abuse affects up to 58 percent of women, according to our UN Women data of 2022.”
The UN Women official also noted that UN Women is supporting the governments and stakeholders in strengthening the policy frameworks, enhancing digital safety, and promoting accountability for online harms.
She however stressed the importance of a legal framework to address the menace.
According to her: “Effective legal frameworks and inclusive governance are essential to reversing this trend. My discussion with ambassadors accredited to Nigeria also underscored the importance of enhanced regional cooperation and particularly across the Sahel and West Africa, where women’s leadership and peace-building efforts are indispensable for stability and for sustainable development.”
Gumbonzvanda commended the Nigeria’s National Assembly’s strong commitment to strengthening legislation that protects women and girls in advancing measures that expand women’s participation in governance.
She also commented on women’s representation at the National Assembly which stood at 3.8 percent, far way below the global average of 27.2 percent according to the Inter-Parliamentary Union data of 2025.
She urged the country to adopt the “Legislative reforms such as affirmative action, such as quotas, and the proposed special seats which are globally recognised to accelerate women’s participation.
She said: “These measures are not just there to strengthen democracy, but also to ensure rule of law in that budget reflects the needs of half of the population.”
She therefore sees the ongoing debate on the special bill as positive, stating that: “Therefore, I am really excited to be here in this country, as the country engages deeply and boldly and confidently on the special seats bill. And I’m looking forward to the day when it will be passed. I do, in every country, because also as the UN, special measures are part of standards, are part of international standards.
“And equally, we have SDG 5 on women in decision making, which aims for gender parity by 2030. So the efforts in Nigeria are a good progressive approach towards that goal. Economic empowerment is vital for sustainable development.”
On the need to empower women, Gumbonzvanda stressed that women make up over 70 percent of Nigeria’s agricultural labour force, yet face barriers to land, to credit, to markets.
She noted that: “Gender responsive budgeting and investments in women farmers and entrepreneurs can unlock growth and resilience. Closing gender gaps in labour participation could add up to 12 million to global GDP by 2025, according to the data from McKinsey, proving that empowering women is smart economics.
“Empowering women economically is not charity. It is innovation, it is development, it is a benefit that extends the entire community. Some of us are sitting here because our mothers in the rural areas were empowered to be able to send their goats to market and be able to pay school fees, that we’re able to give soap and sugar, because our mothers were able to get a little bit of income in the family.
“So economic empowerment is not just about the national economic data. It’s about life, everyday life in our communities. To sustain and scale progress, predictable and innovative financing is essential.”
Speaking on her visit, which is the first to Nigeria, the UN official said it was to deepen partnership, reinforce national leadership, and accelerate collective action to advance gender equality, the empowerment and rights for all women and girls in Nigeria.
She noted that the visit has allowed her to witness the tangible impact of UN Women’s Working Communities.
Gumbonzvanda said: “ Over the past days, I have engaged with various stakeholders and partners. I’ve engaged with the members of the National Assembly, the diplomatic partners, the United Nations country team, civil society organisations, and community women who are driving progress at the very, very grassroots level.”
She also narrated her experience in Kwali, a community in the Federal Capital Territory, where she joined the women to peel cassava and also to partake in processing it into flour (food), saying “ and how we enjoy it with Ogusi soup. It was a very important experience for us to see how we can actually do agro-processing in communities, but to understand what it takes and what is needed to provide that transformation that is needed.”
She also revealed that the targeted investments to improve women’s lives in agro-processing is very important.
“It was also very clear that the investments to improve economic empowerment at community level would reduce the time burdens, would expand income-generating opportunities, and would also unleash the potential of women,” she said.
She explained that: “Globally, access to safe water and sanitation reduces the time women spend on unpaid care work. This is so important for us that we invest in water and sanitation.
“And that when women have greater access to water and sanitation, it enables them greater participation in economic activities.
“These are practical examples of how empowering women strengthens communities and enhances resilience as we turn policy into lived experiences in our communities.
“At the UN system, I have interacted with our colleagues in the UN system and have reiterated UN Women’s commitment to coordinated multi-sectoral action, particularly on gender-based violence prevention, on women’s economic empowerment, and on advancing the women’s peace and security agenda in Nigeria.”
She assured Nigeria women that the “UN Women will continue to mobilise partnership across governments, development partners in the private sector, to ensure that front-line organisations and national institutions have the resources required to deliver lasting change. Nigeria has demonstrated strong leadership and a clear commitment to advancing the rights of women and girls. UN Women stands ready to continue to support these national efforts, working with all partners in translating commitments to measurable transformation results.”
UN Expresses Deep Pains Over Schoolgirls Abduction in Nigeria
News
VP Shettima Departs Abuja For Abidjan To Represent President Tinubu At Alassane Ouattara’s Inauguration
VP Shettima Departs Abuja For Abidjan To Represent President Tinubu At Alassane Ouattara’s Inauguration
By: Our Reporter
Vice President Kashim Shettima has departed Abuja for Abidjan, Cote D’Ivoire, to represent President Bola Ahmed Tinubu at the inauguration of Mr. Alassane Ouattara for a fourth term in office as President of that country.
Senator Shettima is expected to join other leaders across Africa and beyond to witness activities lined up for the swearing-in ceremony scheduled to hold on Monday December 8, 2025 at the Presidential Palace in Abidjan.
Quatara was re-elected for a fourth term in office on October 25, 2025 as President of Côte d’Ivoire, a West African country that shares cordial diplomatic ties with Nigeria.
Both nations collaborate significantly within ECOWAS and the African Union on security, trade, and development, formalized by a Bi-National Commission and numerous agreements covering areas like anti-trafficking, agriculture, and digital economy, with strong informal trade and significant Nigerian diaspora in Côte d’Ivoire, fostering deep bilateral economic and social connections.
The Vice President is accompanied by HE Omar Aliyu Touray, President of ECOWAS Commission; Senator Abubakar Sani Bello, Chairman, Senate Committee on Foreign Affairs and Hon. Usman Zannah, member representing Kaga/Gubio/Magumeri Federal Constituency in the House of Representatives.
The Vice President is expected back in Abuja at the end of the inauguration ceremony.
VP Shettima Departs Abuja For Abidjan To Represent President Tinubu At Alassane Ouattara’s Inauguration
News
Nigeria deploys fighter aircraft to Benin Republic as coup unfolds
Nigeria deploys fighter aircraft to Benin Republic as coup unfolds
By: Zagazola Makama
The Nigerian military has deployed fighter aircraft to the Benin Republic following Sunday’s military coup that toppled President Patrice Talon, reliable security sources have confirmed.
The aircraft, which took off from Lagos earlier on Sunday, were sighted operating within Beninese airspace as Nigeria intensifies surveillance and monitoring of the rapidly evolving political and security situation in the neighbouring country.
Sources told Zagazola Makama that the deployment is part of Nigeria’s precautionary measures to assess regional security implications and protect its national interests amid uncertainty in Cotonou.
“The aircraft have already arrived in Benin Republic. Nigeria is closely monitoring developments and evaluating potential risks,” one senior security official said, noting that the move was not an offensive operation but a strategic response to unfolding events.
The takeover in Benin was led by Lt. Pascal Tigri, who announced the dissolution of state institutions and assumed full military control. The coup adds to the growing list of unconstitutional government changes in West Africa, raising concerns over regional stability.
The coup leaders in Benin, the Military Committee for Rebuilding, issued the following statement: The November 2025 constitution has been suspended, all institutions have been dissolved, political parties’ activities have been suspended until further notice· Benin’s land, sea, and air borders are closed until further notice.
Nigeria shares a long and porous border with Benin, making political instability in the country a direct security concern for Abuja.
As of the time of filing this report, the Nigerian government has not issued an official statement, but military sources said surveillance will continue “until the situation becomes clearer.”
Nigeria deploys fighter aircraft to Benin Republic as coup unfolds
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