Connect with us

News

Tinubu: Businesses in West Africa Cannot Reach Full Potential with Fragmented MarketsCalls for Greater Economic Integration

Published

on

Tinubu: Businesses in West Africa Cannot Reach Full Potential with Fragmented Markets
Calls for Greater Economic Integration

By: Michael Mike

President Bola Tinubu has called for greater economic integration in West Africa, insisting that the region’s businesses cannot reach their full potential if markets remain fragmented.

The Nigeria’s President while lamenting that West Africa’s intra-regional trade remains a challenge at 10%, noted that this figure can no longer be ignored.

Speaking at the West Africa Economic Summit, Tinubu said, “Intra regional trade remains at 10%, a challenge you can no longer ignore. The low trade is not due to a failure of will, but a failure of coordination.”

The President noted that West Africa is one of the last great frontiers of economic growth, but however added that opportunity alone does not guarantee transformation.

He said: “Opportunities, not just wishful thinking, we must earn it through vision integration, policy coherence, collaboration, and capital alignment.”

The Nigerian President called for collective action, investment in infrastructure, and coordinated policies to drive growth, stating that: “We must together strengthen our regional value chains, invest in infrastructure and coordinate our policies.”

He stated that the region’s greatest asset is its youthful population, but however said this demographic promise can quickly become a liability if not matched by investments in education, digital infrastructure, innovation, and productive enterprise.

He said: “Our prosperity depends on regional supply chains, energy networks and data frameworks. We must design them together, or they will collate separately,” he said.

Tinubu, while citing the examples of joint projects that demonstrate what is possible when West African countries work together, said include the Lagos-Abidjan highway and West African power pool. “We must move from declarations to concrete deals, from policy frameworks to practical implementation,” he urged.

The President also stressed the need for West Africa to become more competitive and resilient, investing in local processing and regional manufacturing to unlock the region’s mineral wealth. He said: “The era of ‘from pit to port’ must end. We must turn our mineral wealth into domestic economic value, jobs, technology, and manufacture.”

He called for actionable outcomes from the summit, including a renewed commitment to ease of doing business, enhanced inter-regional trade, improved infrastructure, and innovative ideas to drive growth and prosperity.

He pleaded that: “Let us build a West Africa that is investable, competitive and resilient, one that lives with vision, responsibility and unity.”

On his part, the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, reiterated the region’s potential for growth and development.

He said: “We’re here today to build on that enabling environment. We’re not reinventing the wheel. As an economic community, West Africa enjoys freedom of movement and a framework to facilitate trade, pool electricity, and integrate transport corridors.”

Tuggar however said West Africa’s economic trajectory is unsustainable, with only 8.6% of the region’s $166 billion exports in 2024 remaining within its borders.

He noted that: “Imports followed the same pattern, heavily tilted toward partners outside the continent. Machinery and manufactured goods from China, India, the United States, and the European Union dominate our import flows while we continue to export and process raw materials.”

Tuggar however called for more efforts to bring the informal sector into the formal economy, leveraging economies of scale and efficiencies to accelerate growth.

He said: “As governments, as states, and the region, we need to do more to make it easy to bring that activity within the formal sector,” he said.

He stressed the importance of local processing and investment in the region. “Bring that investment, bring that local processing, let’s see our transport, economic infrastructure and other building blocks for prosperity grow,” he asked .

Tuggar expressed optimism about the region’s potential, citing its rich natural resources and youthful population. He said: “West Africa can and should be part of this.

He said: “I read a couple of weeks ago in an American newspaper that China had a monopoly on some of the rare minerals vital to the new industry in which the future will be built. Not so. We have those same minerals here in Nigeria and across the region.”

Also speaking, the Minister of Industry, Trade and Investment, Mrs. Jumoke Oduwole said, West Africa is poised to become a formidable economic bloc, capable of attracting capital, scaling industries, and delivering measurable outcomes across borders

The Minister claimed that Nigeria has made bold decisions under President Bola Ahmed Tinubu’s leadership, including exchange rate reforms, removing false subsidies, and aligning the economy to the African Continental Free Trade Area (AFCFTA).

She said: “These reforms are yielding results, with Nigeria’s non-oil exports rising to $1.8 billion in Q1, a 24% increase over the same period last year.”

Oduwole cited several initiatives that demonstrate Nigeria’s commitment to regional integration and shared prosperity.

“Nigeria has reset its AFCFTA provisional schedule of tariff concessions, affirming its readiness to trade under a common African market.

“The country has also been designated as Africa’s co-champion on digital trade, with President Tinubu playing a pivotal role in the sector. Additionally, the National Talent Export Program (NATEP) has been launched, placing over 2,000 young Nigerians in international remote jobs and earning hard currency.”

“Furthermore, a new air cargo trade corridor has been opened with Eastern African countries, enabled with a market intelligence toolkit for their products, in collaboration with Uganda Air and UNDP.”

She also announced a landmark public-private partnership, the National Export Trading Company, aimed at aggregating, financing, and enabling exports of Nigerian commodities efficiently and competitively.

This initiative will create a pathway for farmers and MSMEs to access formal regional and global markets.

“The West Africa Economic Summit’s deal room showcased nearly $1 billion in live transactions, with over $400 million worth of transactions advancing into investor discussions.”

Oduwole commended the Minister of Foreign Affairs and his team for delivering a world-class summit, saying, “West Africa is open for business. The world is watching and is here with us. Let this summit be a prosperous turning point for us all.”

Tinubu: Businesses in West Africa Cannot Reach Full Potential with Fragmented Markets
Calls for Greater Economic Integration

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Military

Residents Cheer Troops as Operation FANSAN YAMMA Returns with Captured Terrorists’ Logistics in Zamfara

Published

on

Residents Cheer Troops as Operation FANSAN YAMMA Returns with Captured Terrorists’ Logistics in Zamfara

By Zagazola Makama

Residents of Gummi town in Zamfara State on Thursday poured into the streets to celebrate troops of the Joint Task Force North West, Operation FANSAN YAMMA, following a major operational success against terrorists in the area.

Eyewitnesses said the jubilant crowd gathered as soldiers arrived in town with logistics recovered from terrorists after a successful counter-ambush operation that reportedly left more than 100 terrorists neutralised.

The recovered items, including eight motorcycles used by the armed groups for movement during attacks on communities, were transported on an Armoured Personnel Carrier (APC) to the Headquarters of Operation FANSAN YAMMA in Gummi.

Residents were seen cheering, waving at the troops and applauding their efforts as the convoy entered the military base, with many expressing appreciation for the soldiers’ courage and sacrifices in the ongoing fight against banditry in the North West.

Security sources told Zagazola Makama that the successful operation dealt a significant blow to the criminal networks operating in the area, disrupting their mobility and logistical capabilities.

The spontaneous celebration by residents is seen as a reflection of growing public confidence in the military’s sustained offensive against terrorists and bandits across Zamfara and neighbouring states.

Military authorities reaffirmed that Operation FANSAN YAMMA remains committed to sustaining offensive operations aimed at dismantling terrorist enclaves, denying criminal elements freedom of movement, and restoring lasting peace across the North West.

The Joint Task Force also acknowledged the continued support and actionable intelligence provided by residents, describing community cooperation as critical to the success of ongoing operations.

Residents Cheer Troops as Operation FANSAN YAMMA Returns with Captured Terrorists’ Logistics in Zamfara

Continue Reading

News

WAHO, AfDB Hand Over 10 Ambulances, Medical Equipment to The Gambia in $3.4m Health System Boost

Published

on

WAHO, AfDB Hand Over 10 Ambulances, Medical Equipment to The Gambia in $3.4m Health System Boost

By: Michael Mike

The Gambia – The Economic Community of West African States (ECOWAS), through the West African Health Organization (WAHO), on Friday handed over 10 fully equipped four-wheel-drive ambulances and critical medical equipment to The Gambia in a major effort to strengthen the country’s emergency response capacity and bolster regional health security.

The intervention, financed by the African Development Bank (AfDB) under the COVID-19 Exceptional Emergency Project for Low-Income ECOWAS Member States, represents an investment of approximately $3.4 million in The Gambia out of the project’s overall $22.3 million regional budget.

The medical equipment includes oxygen concentrators, haemodialysis machines, X-ray machines, anaesthetic machines, patient monitors, diagnostic tools, biomedical engineering equipment and other critical supplies aimed at improving emergency, diagnostic and specialised healthcare services.

Speaking at the handover ceremony in Banjul, President of the ECOWAS Commission, Dr. Omar Alieu Touray, described the intervention as a landmark demonstration of regional solidarity, stressing that the investment extends beyond the COVID-19 pandemic to building resilient health systems capable of responding to future public health emergencies.

Touray, a Gambian, said returning home to witness the delivery of the project carried deep personal significance.

“It is with immense pride, profound emotion and a deep sense of honour that I stand before you today in my own home country. To return to my homeland and witness the tangible fruits of our regional cooperation is deeply humbling and inspiring,” he said.

He explained that WAHO, as a specialised institution of ECOWAS, was funded through the ECOWAS Community Levy paid by citizens across the region, adding that the project reflected what West African countries could achieve through collective action.

“When the COVID-19 pandemic struck, it exposed the vulnerabilities of our health systems, but it also ignited our collective resolve. We learned that we are indeed better and stronger together,” Touray stated.

According to him, the project has trained 1,427 health professionals, equipped 55 points of entry across participating countries and supplied thousands of sets of personal protective equipment.

He disclosed that The Gambia recorded a 100 per cent physical completion rate for all project interventions, while 852 health workers and stakeholders were trained between 2024 and 2025 in Integrated Disease Surveillance and Response (IDSR), Incident Management Systems, Infection Prevention and Control, among other critical areas.

The ECOWAS Commission President said the newly donated ambulances and equipment would significantly improve emergency medical services and expand access to life-saving healthcare, particularly for vulnerable communities.

“As we receive these materials today, let us remember that they represent more than just tools. They represent hope, resilience and our shared commitment to protecting the lives and dignity of every West African,” he said.

Receiving the equipment on behalf of President Adama Barrow, the Vice President of The Gambia, Mohammed Jallow described the donation as a direct response to critical gaps in healthcare delivery, especially in rural communities where transporting critically ill patients to health facilities remains a major challenge.

He said the ambulances would serve as “vehicles of hope” and improve responses to road traffic accidents, obstetric emergencies and infectious disease outbreaks.

The Vice President commended WAHO, the African Development Bank and the Government of Germany for their continued support to The Gambia’s health sector, noting that the intervention demonstrated the tangible benefits of regional cooperation.

“This support represents a significant investment in our health system and demonstrates that, through collective action, ECOWAS member states and their partners can deliver results that directly improve the lives of ordinary citizens,” he said.

He charged the Ministry of Health and healthcare workers to ensure proper maintenance and accountability in the management of the newly acquired assets.

“Please ensure that spare parts are available, maintenance schedules are strictly followed, and that these vehicles and medical equipment remain fully operational at all times,” he urged.

Earlier, The Gambia’s Minister of Health, Dr. Ahmadou Samateh. praised WAHO for what he described as years of unwavering support to the country’s health sector through capacity building, technical assistance and training programmes.

He noted that hardly a month passed without WAHO sponsoring Gambian health professionals for training within and outside the country, describing the organisation as one of the country’s most dependable health development partners.

The minister said the donation was unprecedented in the country’s history.

“To the best of my knowledge, we have never received such a donation of ambulances from any institution in this quantity at one time,” he said.

The ceremony, which also coincided with WAHO’s anniversary celebration, was attended by the Director-General of WAHO, Dr. Melchior Aïssi, representatives of the African Development Bank, the German Government, senior ECOWAS officials, members of the Gambian Cabinet, development partners and senior government officials.

The intervention is expected to strengthen The Gambia’s emergency medical response system while reinforcing ECOWAS’ broader strategy of building resilient regional health systems capable of responding to future disease outbreaks and other public health emergencies.

WAHO, AfDB Hand Over 10 Ambulances, Medical Equipment to The Gambia in $3.4m Health System Boost

Continue Reading

News

Farmer killed by Fulani bandits in fresh Plateau attack as cycle of violence deepens

Published

on

Farmer killed by Fulani bandits in fresh Plateau attack as cycle of violence deepens

By Zagazola Makama

A farmer has been killed in a fresh attack by yet-to-be-identified gunmen in Butura Gida village, Bokkos Local Government Area of Plateau State, in the latest incident pointing to the persistent cycle of violence between farming and herding communities.

Security sources told Zagazola Makama that the attack occurred at about 7:47 p.m. on Tuesday, July 8, prompting troops of Sector 5 of Operation Enduring peace to mobilise to the community after receiving a distress call.

On arrival, the troops found the victim’s lifeless body. The attackers had fled the scene before security personnel arrived, and no contact was made.

A manhunt has since been launched to identify and apprehend those responsible for the killing.

The latest incident came less than 24 hours after a 13-year-old herder, Mustapha Abdul Kadir, was found dead alongside four cattle in Mangu Local Government Area in what authorities suspected was an attack by armed militia.

Earlier the same day, two residents were also killed in Torok community in Riyom Local Government Area in an attack blamed on suspected Fulani bandits.

The succession of attacks illustrates the entrenched and increasingly vicious pattern of retaliatory violence that has continued to plague Plateau State.

Killings of farmers are often followed by attacks on herders, while attacks on herders frequently trigger reprisals against farming communities, creating a dangerous cycle that has claimed hundreds of lives and destroyed livelihoods over the years.

Despite sustained military deployments, peace meetings and community engagements, mistrust between the two groups remains deep, with criminal elements exploiting the fragile security situation to perpetrate violence.

Zagazola warn that unless perpetrators on all sides are brought to justice and local grievances addressed, the state risks remaining trapped in an endless cycle of revenge attacks.

Farmer killed by Fulani bandits in fresh Plateau attack as cycle of violence deepens

Continue Reading

Trending

Verified by MonsterInsights