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

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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

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Notorious bandit commander Iliya Mai Rasha killed in Guga battle as death toll among attackers rises

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Notorious bandit commander Iliya Mai Rasha killed in Guga battle as death toll among attackers rises

By Zagazola Makama

One of the notorious bandit commanders neutralised during Sunday’s fierce gun battle between security forces and armed bandits in Guga Village, Bakori Local Government Area of Katsina State, has been identified as Iliya Mai Rasha, a notorious criminal linked to several deadly attacks in Tsafe Local Government Area of Zamfara State.

Intelligence sources told Zagazola Makama that Mai Rasha was among the senior bandit commanders who joined the assault on Guga at the invitation of notorious kingpin Idi Abasu Aiki.

The sources said the attack, which occurred at about 5:40 p.m. on July 26, involved more than 200 heavily armed bandits drawn from criminal networks operating across Katsina and neighbouring Zamfara State.

However, a combined force of local hunters, the Katsina State Community Watch Corps (KSCWC), and troops of the Nigerian Army’s 17 Brigade mounted a coordinated response, engaging the attackers in a prolonged gun battle that forced them to retreat with heavy losses.

Security sources said more than 40 bandits were neutralised during the encounter, including at least eight senior commanders, while Idi Abasu Aiki reportedly sustained life-threatening gunshot wounds.

The killing of Iliya Mai Rasha is considered a significant operational success, as he had long been linked to violent attacks, kidnappings and other criminal activities in Tsafe and adjoining communities in Zamfara State.

The operation, according to the sources, has dealt a major blow to the criminal network operating across the Katsina–Zamfara axis, with follow-up clearance operations continuing to recover abandoned weapons and pursue fleeing bandits.

Five members of the hunters’ team were, however, killed during the operation after they were caught outside the frontline, highlighting the heavy sacrifice made by local security volunteers in defending their communities. Military authorities and the Katsina State Government have continued to commend the courage of the troops, hunters and community watch personnel who repelled the attack and restored calm to the affected area.

Notorious bandit commander Iliya Mai Rasha killed in Guga battle as death toll among attackers rises

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ICPC Pushes Fresh Anti-Corruption Reforms in Health, Education, Warns Against Weak Governance

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ICPC Pushes Fresh Anti-Corruption Reforms in Health, Education, Warns Against Weak Governance

By: Michael Mike

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has intensified its preventive anti-corruption campaign, unveiling three follow-up assessment reports that expose lingering governance gaps in Nigeria’s health and education sectors while urging sweeping institutional reforms to strengthen accountability and service delivery.

The reports, presented in Abuja on Monday, reviewed the implementation of earlier anti-corruption recommendations issued to the National Health Insurance Authority (NHIA), the National Primary Health Care Development Agency (NPHCDA), the Universal Basic Education Commission (UBEC) and selected State Universal Basic Education Boards (SUBEBs).

Speaking at the presentation, ICPC Chairman, Dr. Musa Aliyu (SAN), said the exercise underscored the Commission’s growing emphasis on preventing corruption by strengthening institutional systems rather than relying solely on prosecutions.

Aliyu explained that the Commission’s mandate under the Corrupt Practices and Other Related Offences Act empowers it to identify vulnerabilities within public institutions and recommend reforms capable of preventing corruption before it occurs.

He said the follow-up assessments measured the extent to which previous recommendations had been implemented, identified areas of progress, highlighted unresolved weaknesses and proposed further reforms to improve institutional performance.

“The value of system studies and corruption risk assessments lies not merely in producing reports but in implementing their recommendations. Their true impact is measured by improvements in governance, accountability, transparency, operational efficiency and service delivery,” he said.

According to him, the reviews were not designed to apportion blame but to encourage continuous institutional improvement and reinforce accountability across government agencies.

Aliyu noted that the NHIA, NPHCDA and UBEC were selected because of their strategic roles in delivering essential healthcare and education services to millions of Nigerians, stressing that stronger governance in the agencies would help safeguard public funds, improve service delivery and restore public confidence in government institutions.

While acknowledging that the institutions had implemented several recommendations from previous assessments, he maintained that significant reforms were still required.

He commended the leadership of the agencies for the progress recorded and urged them to sustain the reform momentum by implementing outstanding recommendations.

“The fight against corruption cannot be won through enforcement alone. Sustainable success depends on building resilient institutions with transparent systems, robust internal controls, effective oversight mechanisms and a culture of accountability,” Aliyu said.

He reaffirmed the Commission’s commitment to collaborating with Ministries, Departments and Agencies (MDAs), oversight institutions, development partners and civil society organisations to ensure effective implementation and monitoring of the recommendations.

Aliyu also acknowledged the support of the European Union-backed Rule of Law and Anti-Corruption (RoLAC II) Programme and the Centre for Social Justice (CSJ), which partnered with the Commission on the review process.

Earlier, the Lead Director of the Centre for Social Justice (CSJ), Eze Onyekpere, warned that corruption risk assessments would have little impact unless their recommendations translated into measurable institutional reforms.

He explained that the reviews formed part of the European Union-supported Rule of Law and Anti-Corruption Programme II aimed at strengthening Nigeria’s anti-corruption processes at both national and sub-national levels.

Onyekpere identified persistent corruption risks across the health and education sectors, including leakages in health insurance payments, diversion of medicines and vaccines, ghost workers in primary healthcare facilities, fraudulent enrolment practices, procurement irregularities, abandoned school projects and weak oversight of public funds.

He described corruption risk assessments as critical diagnostic tools that enable governments to detect and address systemic weaknesses before they undermine public service delivery.

“Our collective responsibility is to ensure that NHIA resources provide quality healthcare to beneficiaries, that medicines and vaccines reach intended patients, and that UBEC funds translate into better classrooms, improved learning outcomes and a brighter future for Nigerian children,” he said.

Onyekpere advocated wider deployment of digital governance systems, including integrated platforms that would allow citizens to monitor health insurance enrolment, primary healthcare services and education projects in real time.

He also recommended the institutionalisation of end-to-end electronic procurement, stronger whistleblower protection, improved staff welfare and capacity building, enhanced independent oversight mechanisms and greater deployment of technology to reduce human discretion in public administration.

Also speaking, Chairman of the Federal Civil Service Commission, Prof. Tunji Olaopa, said corruption prevention through institutional reforms offers a more sustainable solution than relying exclusively on law enforcement.

He commended the ICPC for prioritising system reviews and integrity plans, noting that transparent governance structures remain the strongest defence against corruption.

Olaopa urged public institutions to embrace technology-driven governance, transparent recruitment, conflict-of-interest declarations, stronger internal audit systems and ethical leadership, while challenging government agencies to move beyond mere compliance and institutionalise continuous reforms that promote prudent management of public resources.

The latest ICPC reports come amid increasing calls for public sector reforms as concerns grow over leakages, inefficiency and weak accountability in critical sectors responsible for healthcare and education delivery across the country.

ICPC Pushes Fresh Anti-Corruption Reforms in Health, Education, Warns Against Weak Governance

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ECOWAS Sounds Alarm as 90% of West Africa’s Economy Remains Informal

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ECOWAS Sounds Alarm as 90% of West Africa’s Economy Remains Informal

…Parliament pushes sweeping reforms to unlock MSMEs, create jobs, tackle insecurity

By: Michael Mike

The Economic Community of West African States (ECOWAS) Parliament has raised concern over the dominance of the informal sector in West Africa, warning that nearly 90 per cent of economic activities and at least 60 per cent of the region’s workforce remain outside the formal economy, a situation lawmakers said is undermining economic growth, job creation and regional competitiveness.

The parliament on Monday called for far-reaching policy reforms to formalise and strengthen Micro, Small and Medium Enterprises (MSMEs), describing the sector as central to achieving economic transformation, reducing poverty and addressing insecurity across the sub-region.

The warning came at the opening of a Joint Committee meeting of the ECOWAS Parliament in Cotonou, Republic of Benin, where lawmakers, policy experts, private sector operators and development partners began deliberations on strategies to integrate millions of informal businesses into the formal economy.

Delivering the opening remarks on behalf of the Joint Committee on Industry and Private Sector, Macroeconomic Policy and Economic Research, Administration, Finance and Budget, and Public Accounts, Co-Chairperson, Hon. Alhagie Darbo said the statistics reflected both the entrepreneurial resilience of West Africans and the failure of existing policies to support business growth.

According to him, while MSMEs remain the backbone of local economies by creating jobs, driving innovation, promoting entrepreneurship, empowering women and youths and facilitating cross-border trade, the overwhelming majority continue to operate informally, preventing them from accessing finance, technology, markets, business support services and legal protection.

“It is estimated that the informal sector accounts for nearly 90 per cent of economic activities and employs not less than 60 per cent of our labour force across member states,” Darbo said.

“While this demonstrates the entrepreneurial spirit of our people, it also highlights the urgent need to create enabling policies that encourage formalisation, improve productivity and integrate MSMEs into regional and continental value chains.”

He stressed that formalising small businesses was no longer just an economic objective but a strategic necessity for poverty reduction, sustainable development and regional integration.

Darbo urged ECOWAS member states to dismantle barriers limiting the growth of MSMEs through harmonised policies, improved access to finance, digital transformation, stronger productive capacity and greater participation in regional value chains under both the ECOWAS Trade Liberalisation Scheme (ETLS) and the African Continental Free Trade Area (AfCFTA).

He noted that the objectives align with ECOWAS Vision 2050, the regional bloc’s long-term development agenda aimed at building a peaceful, prosperous and fully integrated West Africa driven by inclusive economic growth.

Declaring the meeting open, Speaker of the ECOWAS Parliament, Hon. Hadja Memounatou Ibrahima, represented by Second Deputy Speaker Hon. Adjaratou Coulibaly, linked economic empowerment to the region’s growing security challenges.

She argued that expanding opportunities for women and young people through thriving MSMEs would help reduce unemployment and address some of the underlying drivers of insecurity confronting several ECOWAS member states.

According to her, empowering citizens to participate meaningfully in economic activities is one of the most effective long-term strategies for promoting peace and stability in the region.

The committee is expected to produce recommendations for consideration by ECOWAS institutions and member states, with the aim of creating a more business-friendly environment capable of accelerating industrialisation, boosting intra-African trade and making West African economies more globally competitive.

MSMEs account for more than 90 per cent of businesses in many African countries and are recognised as the largest source of employment outside government. Despite their importance, many operate in the informal economy because of burdensome regulations, multiple taxation, inadequate infrastructure, limited access to affordable finance and weak institutional support.

The challenge has become more pressing as ECOWAS intensifies efforts to deepen regional integration through the ECOWAS Trade Liberalisation Scheme and the African Continental Free Trade Area, both of which require competitive and formalised businesses capable of participating in cross-border commerce.

Economic experts have repeatedly argued that bringing more businesses into the formal sector would expand government revenues, improve access to credit, strengthen productivity and position West Africa to compete more effectively in the global economy.

ECOWAS Sounds Alarm as 90% of West Africa’s Economy Remains Informal

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