News
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
Missing herder, four livestock killed by suspected militia elements in Mangu, Plateau
Missing herder, four livestock killed by suspected militia elements in Mangu, Plateau
By: Zagazola Makama
Troops of Operation Enduring Peace have recovered the body of a 13-year-old herder who was declared missing after he went out to graze cattle in Mangu Local Government Area of Plateau State, with four livestock also found dead in what military authorities suspect was an attack by armed militia.
Sources said the victim, identified as Mustapha Abdul Kadir, left home on July 8 to graze cattle around the bushes near Gauge Village but failed to return, prompting concern among family members and the community.

According to the sources, troops of Sector 8, Sub-Sector 81, in conjunction with local security personnel and community members, launched a search-and-rescue operation in the area.
The operation led to the discovery of the teenager’s body on Thursday in a shallow well, alongside four dead cattle believed to have been killed during the attack.

The military said preliminary findings indicated that the victim was attacked by suspected militia while grazing the livestock before his body was dumped in the well.
The remains of the deceased were handed over to his family for burial in accordance with local customs.
The military said stakeholders in the community had been engaged to prevent any breakdown of law and order and to avert possible reprisal attacks.

It added that efforts were ongoing to track down and arrest the perpetrators, while troops had intensified patrols across the Operation Enduring Peace Joint Operations Area to protect communities, schools and other critical national infrastructure.
The incident is the latest in a series of security challenges affecting parts of Mangu LGA, where attacks linked to armed groups have continued to threaten lives and livelihoods.
Security sources said community leaders and other stakeholders had been engaged to calm tensions and prevent reprisals, while efforts were underway to identify and arrest those responsible for the attack.
The killing comes amid persistent violence in parts of Plateau State, where recurring clashes involving farming and herding communities have claimed scores of lives and destroyed property over the years.
Attacks targeting either farmers or herders often trigger immediate retaliatory violence, reinforcing a cycle of reprisals that has remained one of the major drivers of insecurity in the state.
Missing herder, four livestock killed by suspected militia elements in Mangu, Plateau
News
Police, Troops Rescue Kidnapped INEC Staff, Repel Bandits, Recover Hundreds of Rustled Cattle in Zamfara
Police, Troops Rescue Kidnapped INEC Staff, Repel Bandits, Recover Hundreds of Rustled Cattle in Zamfara
By Zagazola Makama
A joint security operation involving the Zamfara State Police Command and military personnel has rescued a kidnapped staff member of the Independent National Electoral Commission (INEC), thwarted coordinated bandit attacks, and recovered hundreds of rustled cattle following separate operations in Gummi, Talata Mafara and Gusau Local Government Areas of Zamfara State.
Intelligence sources told Zagazola Makama that the operations followed a series of coordinated attacks launched by heavily armed bandits across the affected communities.

The sources said that at about 3:30 p.m. on July 7, a large group of armed bandits riding on about 50 motorcycles stormed villages in the Ruwan Bore District of Talata Mafara Local Government Area, rustling hundreds of cattle during the attack.
A woman sustained a gunshot injury from a stray bullet and was evacuated to the General Hospital in Talata Mafara, where she is receiving treatment.

The attackers subsequently advanced toward Gummi Local Government Area, where they abducted Mr. Aliyu Mohammed, an INEC staff member who was on official assignment with the National Examinations Council (NECO). The official had transported examination scripts collected from secondary schools in Gummi to Sokoto before he was intercepted and kidnapped along the Gummi–Sokoto Road.
Security sources said the victim’s official white Toyota Hilux vehicle with registration number FG 853-V01 was later found abandoned at Tafkin Area.

Police operatives from Gummi Division responded promptly, recovered the abandoned vehicle and secured the examination scripts, which were subsequently handed over to the Principal of Government Unity Secondary School, Gummi, Mr. Ashiru Umar, for onward transmission to the appropriate NECO office in Sokoto.
Following intelligence that a large concentration of armed bandits had regrouped inside Gando Forest after inviting reinforcements from neighbouring Sokoto and Kebbi States to retaliate against recent security operations, the Zamfara State Police Command deployed its Violent Crime Response Unit (VCRU) to reinforce military troops already conducting operations in the area.

The combined security team engaged the bandits in a fierce gun battle that began at about 2:45 a.m. on July 8.
According to the sources, the superior firepower of the joint force overwhelmed the bandits, forcing them to flee into the forest with significant casualties, while several escaped with gunshot wounds.
During the operation, the kidnapped INEC official and another abducted victim were rescued unhurt. Security operatives also recovered hundreds of rustled cattle, which were subsequently returned to their rightful owners.
In a related operation on July 8 at about 9:55 a.m., security operatives responded to a distress call reporting the abduction of several motorists and farmers at Kwanar Ganuwa in Gusau Local Government Area.
Personnel of the VCRU, supported by the Police Mobile Force (PMF), engaged the bandits in a gun battle, compelling them to abandon their captives and flee into the surrounding forest.
All the victims were rescued unharmed and evacuated to safety.
The Commissioner of Police in Zamfara State, CP A.M. Bello, reaffirmed the Command’s commitment to sustaining offensive operations against banditry and other violent crimes across the state. He also urged residents to continue supporting security agencies with timely and credible information to enhance ongoing efforts to restore peace and security.
Police, Troops Rescue Kidnapped INEC Staff, Repel Bandits, Recover Hundreds of Rustled Cattle in Zamfara
Crime
South African Security Forces Arrest 137 in Major Illegal Mining Crackdown in Gauteng
South African Security Forces Arrest 137 in Major Illegal Mining Crackdown in Gauteng
By Zagazola Makama
South African security agencies have arrested 137 suspects during a coordinated operation targeting illegal mining activities in Gauteng Province, authorities said.
The operation was carried out by the South African Police Service (SAPS) in conjunction with the South African National Defence Force (SANDF), Sibanye Protection Services, and Fidelity Specialised Services as part of ongoing efforts to dismantle illegal mining syndicates operating across the province.
According to security officials, the suspects include undocumented foreign nationals from Nigeria, Mozambique, Zimbabwe, and Lesotho who were allegedly engaged in unlawful mining activiti.p

Two additional suspects were also arrested for unlawful possession of ammunition and for allegedly aiding and abetting illegal immigrants.
During the operation, security personnel recovered a cache of items believed to have been used in the illegal mining operations, including mining tools, food supplies, and alcoholic beverages.
Authorities also seized a 9mm pistol, two magazines, and 118 rounds of AK-47 ammunition.
The operation forms part of sustained security measures by South African law enforcement agencies to curb illegal mining, which has increasingly been linked to organised criminal networks, illegal firearms, immigration offences, and violent crimes in parts of Gauteng.

The arrested suspects are expected to face prosecution after the conclusion of investigations, while security agencies said efforts to dismantle illegal mining syndicates across the province would continue.
South African Security Forces Arrest 137 in Major Illegal Mining Crackdown in Gauteng
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