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
Chinese Embroidery Companies Make Inroads into Nigeria to Empower Youth

Chinese Embroidery Companies Make Inroads into Nigeria to Empower Youth
By: Michael Mike
The drive to unearth the potential of Nigeria’s creative sector and further empowers the youth has received a boost as a youth-focused initiative aimed at building sustainable fashion-based businesses across the country.was unveiled on Wednesday
The unveiling was done in Abuja by Embroidery Chief in collaboration with leading Chinese embroidery machine manufacturers Dahao and Futong,
Speaking during the unveiling at a stakeholders’ engagement themed “Stitching the Future: Building Sustainable Embroidery Businesses in Africa,” the Founder of Embroidery Chief, Mr. Lukman Abdulsalam, said that the initiative is designed to empower young Nigerians with practical embroidery and fashion design skills that can be turned into profitable ventures.
According to him, the project launched in partnership with leading Chinese embroidery machine manufacturers Dahao and Futong, will begin with the establishment of innovation hubs in 10 states, including Lagos and Kano. Each hub will be equipped with 50 embroidery machines, offered at subsidized rates to make them accessible to young entrepreneurs.
Abdulsalam noted that training programmes will run in three phases: one month for design, two weeks for machine operation, and one month for technical repairs.
He said that many young Nigerians already possess natural creativity but lack the technical skills to fully express and monetize their talent.
Abdulsalam said: “The purpose of this gathering is to raise awareness about key issues in the fashion industry, how individuals can upscale, identify existing gaps, and connect with the right people and opportunities.
“We aim to collaborate with the government, which is why we have key stakeholders here today. Our plan is to establish hubs in about 10 states. Each hub will receive approximately 50 embroidery machines, and we will train end users on machine operation, technical support, and digital design creation.
“This initiative will begin with 10 states as a pilot. We are committed to empowering individuals by providing these machines at subsidized rates, making them affordable for emerging entrepreneurs.
“In Nigeria, many people still lack the technical knowledge to properly size and digitize designs using software. That’s why training is essential. Once people learn how to use both the machines and the software effectively, it will foster healthy competition and unlock creativity across the board.
“Youth will be able to create designs on sneakers, shoes, bags, clothing, even decorative frames. The possibilities are vast, and with the right skills, we can unlock an entirely new wave of innovation in the fashion industry.”
In his remarks, Michael Zuo, Senior Sales Executive at Dahao, said the company is seriously considering setting up a branch office in Nigeria to support the growth of the embroidery ecosystem.
Also speaking at the event, the Senior Special Assistant to the President on Industrial Training and Development, Hon. Adamson Ayinde who was represented by Dr Taiwo Bashir, described the initiative as a golden opportunity for Nigerian youth.
He noted that there are numerous areas where the government can collaborate, which is likely why the Senior Special Assistant (SSA) to the President asked him to attend the event on his behalf.
He said: “This is a great opportunity for Nigerian youth, as the embroidery industry is worth millions of dollars and still largely untapped. There is so much to be done, and anyone with the vision and willingness to act now stands to benefit immensely.”
Chinese Embroidery Companies Make Inroads into Nigeria to Empower Youth
News
Troops neutralise bandit, rescue victim in Wase ambush operation

Troops neutralise bandit, rescue victim in Wase ambush operation
By: Zagazola Makama
Troops of Operation LAFIYAN JAMA’A have neutralised a suspected bandit and rescued a kidnapped victim during a successful ambush operation in Sabon Gari village, Wase Local Government Area of Plateau State.
Zagazola Makama was reliably informed that the operation, which occurred at about 2:00 p.m. on Wednesday, followed credible intelligence on the movement of bandits along the Kampani–Zurak–Sabon Gari axis.

According to the sources, troops of Sector 2, deployed under Operation Safe Haven, laid a tactical ambush at key crossing points used by the criminals.
During the engagement, one bandit was neutralised while others fled the scene. The troops later combed the general area and rescued one Mr. Amadu Alhaji Nuhu, a 45-year-old man from Taraba State, who had been held captive.
Items recovered from the scene included one fabricated pistol, a pistol magazine, four rounds of 9mm ammunition, one boxer motorcycle, a pair of shoes, a cap, and a head warmer.

The rescued victim and recovered items are currently in safe custody, while efforts are ongoing to apprehend the fleeing criminals.
Troops neutralise bandit, rescue victim in Wase ambush operation
News
Two killed, several injured as bandits attack vigilantes in Kwara

Two killed, several injured as bandits attack vigilantes in Kwara
By: Zagazola Makama
Two persons have been confirmed dead and several others injured following a bandit attack on vigilante operatives in Edogi, Lafiagi axis of Kwara State.
The incident, which occurred during a clash between the vigilantes and suspected bandits, also left four persons with gunshot wounds. Among the injured are Mohammed Ndagi,Saidu Jiya,and Philips John,all members of the Vigilante Group of Nigeria (VGN). A civilian passerby, Babangida Daniel was also caught in the crossfire.
They were rushed to the General Hospital in Lafiagi for emergency treatment. However, the VGN Commander, Mohammed Yatsu (50), and Babangida Daniel were confirmed dead by medical personnel.
The remaining injured victims have been referred to the University of Ilorin Teaching Hospital (UITH) for further medical care.
Meanwhile, ASP Sado Sunday, who was reportedly involved in the operation, remains missing as search efforts continue.
Security sources say efforts are underway to track down the perpetrators and restore calm in the area.
Two killed, several injured as bandits attack vigilantes in Kwara
-
News1 year ago
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions3 years ago
THE PLIGHT OF FARIDA
-
Opinions4 years ago
POLICE CHARGE ROOMS, A MINTING PRESS
-
News1 year ago
EYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Columns1 year ago
Army University Biu: There is certain interest, but certainly not from Borno.
-
ACADEMICS1 year ago
A History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Opinions1 year ago
Tinubu,Shettima: The epidemic of economic, insecurity in Nigeria
-
Politics3 weeks ago
2027: Why Hon. Midala Balami Must Go, as Youths in Hawul and Asikira/Uba Federal Constituency Reject ₦500,000 as Sallah Gift