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Ensuring Africa’s Continued Rise
By Ngozi Okonjo-Iweala
Africa’s rise is in danger of faltering. After years during which the continent’s economy grew at an average annual rate of 5%, global uncertainty, depressed commodity prices, and jittery external conditions are threatening to undermine decades of much-needed progress. Ensuring the wealth and wellbeing of the continent’s residents will not be easy; but there is much that policymakers can do to put Africa back on an upward trajectory.
First and foremost, policymakers must secure the financing needed to pursue sustainable development in an uncertain global environment. The World Bank estimates that Africa will require at least $93 billion a year to fund its infrastructure needs alone. Climate-friendly, sustainable infrastructure will cost even more. And yet, as long as global growth remains weak, Africans cannot count on developed countries to fully honor their commitments to help attain the Sustainable Development Goals.
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Africa must rapidly develop its own resources, beginning by nearly doubling tax revenues. Across Sub-Saharan Africa, tax revenues account for less than one-fifth of GDP, compared to more than one-third in OECD countries. This means there is plenty of room for improvement. From 1990 to 2004, for example, Ghana reformed its tax system and raised revenues from 11% to 22% of GDP. Admittedly, such progress is difficult; in Nigeria, we saw an opportunity in raising non-oil tax revenues, but struggled to seize it.
Another source of domestic resources is the roughly $380 billion in pension assets held by just ten African countries. Policymakers should be leveraging these considerable sums.
At the same time, African countries will have to find a way to diversify their economies. Diversification requires investment in the future, in the form of education and well-developed infrastructure, including telecommunications, power, roads, rail, and water.
There are plenty of models to follow: Dubai, Singapore, Thailand, Malaysia, Mexico, Indonesia, and South Korea are all admired by Africans as economies that managed to transform themselves. Dubai, for example, set out more than three decades ago to prepare for a future without oil. The government implemented a step-by-step transformation of the country into a service economy, putting in place the infrastructure and incentives necessary to build up financial services, tourism, medical services, real estate, media, arts, and culture. South Korea and Singapore, which had few natural resources on which to rely, are no less inspiring.
The secret behind these countries’ success is relentlessly focused leaders, whether entrenched but benign dictators or democratically elected politicians with a shared vision of a broad-based economy. Sub-Saharan Africa has paths for diversified growth that many of the trailblazers did not: value-added agriculture and agro industry, the processing of mineral resources, petrochemical complexes, manufacturing of durable and consumer goods, tourism and entertainment, and an emerging information-technology sector.
As the necessary measures for diversification are implemented, policymakers must ensure that the economic growth they are pursuing creates jobs. Sadly, this has not always been the case. Much of the recent growth has benefited only a few, leaving many behind – most notably young people and women. From 2006 to 2013, inequality rose in many of the continent’s most important economies, including South Africa, Nigeria, Ghana, Tanzania, and Rwanda.
These were challenges that we were starting to address in Nigeria when I was finance minister. We knew that we needed not just to secure growth, but also to improve the quality of that growth.
To that end, policymakers must ensure that growth is channeled into sectors that create jobs, such as agriculture, manufacturing, and services. They may also have to redistribute income and strengthen social safety nets to protect better those at the bottom of the ladder.
Matching skills to job opportunities will be crucial. Some 70% of Africa’s population is under 30, and the continent is home to half the world’s primary-school-age children who have been deprived of the opportunity to study. Offering Africa’s children basic reading, writing, and technology skills, as well as vocational, technical, and entrepreneurial training, must be a top priority.
Weak health-care systems must also be strengthened in order to tackle the endemic diseases that sap productivity, such as malaria, as well as improving preparedness for outbreaks of deadly epidemics. The stakes are high. The World Bank estimates the Ebola outbreak shrank the economies of Sierra Leone, Guinea, and Liberia by 16%.
As the world economy sputters, African countries will have to develop trade with one another. In 2013, African goods and services accounted for just 16% of trade within the continent, and just over 3% of world trade. One problem is that most African countries produce the same type of commodities and trade them with very little value-added. Policymakers must encourage greater specialization; differentiated goods and services will add value and volume to trade.
Logistics pose another obstacle to intra-African trade. Policymakers must make it easier to move goods across borders, by improving connectivity between countries and reducing bureaucratic hurdles and administrative costs. For example, road transport tariffs across Africa are estimated at $0.05-$0.13 per ton-kilometer, compared to the average of $0.01-$0.05 for all developing countries.
The Rift Valley Railway project, which will eventually link Mombasa on the Kenyan coast to Kampala in Uganda, is a good example of the benefits that investments in transportation could provide. The African Development Bank estimates that it will double the volume of trade between the two countries, while reducing marginal costs by 30%.
As they make these investments, policymakers must not forget that much of Africa’s recent growth can be credited to good macroeconomic policies and sound economic management. Extending the continent’s rise will require strengthening the continent’s economic fundamentals.
This means ensuring that prices in the economy are correct, starting with the exchange rate. Some countries may need temporary controls to curb damaging capital outflows, but policymakers should aim for a market-based exchange rate and a solid plan for governing inflation, debt, foreign-exchange reserves, current accounts, and fiscal balances.
Africa’s potential can hardly be overstated. The continent is well placed to build diversified economies based on low-carbon, sustainable infrastructure. But policymakers cannot simply assume that Africa’s rise will continue. They must take the right steps to ensure that it does.
Author’s Bio
Ngozi Okonjo-Iweala is a former finance minister and foreign minister of Nigeria, a former Managing Director of the World Bank, and a distinguished visiting fellow at the Center for Global Development.
As he continues to impact our society positively and find new frontiers, Mr. Seyi Tinubu leaves no one in doubt about his generosity and care.
To Borno with love
For a state still nursing deep scars inflicted by years of violent extremism, the collapse of the Alau Dam, Borno, on December 10 was yet one tragedy too many.
The flood from the dam overwhelmed two local councils in the state (Maiduguri and Jere), killed about 150 people, and displaced over 70 percent of its residents.
Maiduguri and its residents, who never seemed to get enough help for their protracted misery, needed more help after the dam collapsed.
When President Tinubu’s first son, Mr. Seyi Tinubu, with his younger brother, Yinka, and a few others visited the state and announced a donation of N500m, it came as a prayer answered.
The intervention was not only in cash. He also donated 10,000 pieces of mosquito nets, blankets, mattresses, kettles, wrappers, buckets, mats, sanitary pads and wash kits, as well as critical supplies to cover prescriptions for almost 50,000 children and adults, including anti-malarials, anti-hypertensives, anti-parasitics, anti-diabetics, analgesics and antibiotics.
The gesture, which left many pleasantly amazed, caused a ripple in several quarters, especially among those unfamiliar with such heartfelt generosity from the children of Nigeria’s first family without official titles.
Succour for PWDs
Many didn’t know that Seyi wasn’t a stranger to looking out for the distressed and vulnerable. For him, philanthropic and humanitarian gestures not only preceded the Maiduguri tragedy, but it’s a practice he determined to honour, almost like a tradition.
For example, in May 2023, during the Renewed Hope Concert at the MKO Abiola National Stadium in Abuja to celebrate President Bola Tinubu’s imminent inauguration, Seyi stirred emotions when he was seen handing out wheelchairs to some people with disabilities present at the venue. The event was attended by then president-elect Tinubu and Vice President-elect Shettima.
The elated beneficiaries, who saw his generous and thoughtful gesture instantly upgrade the quality of their lives, couldn’t contain their joy.
Youth and sports too
Fast forward to 2025, to the Seyi Tinubu Basketball Championship, held at the Dogon Dutse Basketball Pitch in Jos, offered where he donated a total of N5m in cash prizes, with N3m naira awarded to the victorious team and N2m, to the runners-up. It’s clear that Seyi Tinubu’s tradition of uplifting others certainly knows neither tribe nor religion.
For him, the championship—which the organisers said aligned with President Bola Tinubu’s Renewed Hope Agenda—was enough to celebrate youth, community spirit, and the power of sports to unite people across Nigeria.
A heart for healthcare
However, his interventions have mainly focused on health, with maternal and child health taking the lead.
Through his ‘Drug Banks for Indigent Patients in Obstetrics & Gynecology and Pediatric Pharmacy Intervention’ launched in August 2024 at the Ahmadu Bello University Teaching Hospital (ABUTH), Shika-Zaria, Kaduna State, he set out to reach about 600,000 indigent patients monthly across 60 tertiary institutions in Nigeria.
This ambitious project involves establishing drug banks in each of the 60 facilities mandated to service 10,000 indigent patients monthly.
At the inauguration of the project at the University College Hospital (UCH), Ibadan, Dr. Cole Ayodele, the National Coordinator for the Seyi Tinubu Maternal and Child Health Intervention Scheme, had noted rightly that Nigeria’s maternal mortality was about the 4th highest in the world – a grim record and narrative which this noble initiative from Seyi Tinubu is determined to change.
While launching the same initiative at the Lagos University Teaching Hospital (LUTH), he further endowed an N1,000,000 scholarship granted to the best paediatric resident doctor.
Dr. Gabriel Oyeleke, a senior paediatrics registrar who was reportedly distinguished himself in the line of duty by caring for children in the hospital, was awarded the N1,000,000 scholarship in cash the same day.
The Chief Medical Director of LUTH, Dr. Wasiu Adeyemo, couldn’t hide his pleasure at the initiative. He noted that it would provide significant financial relief for countless indigent individuals who were financially unable to access prescribed drugs and medical treatments.
Before then, the team had visited the Federal Medical Centre (FMC) in Asaba with the total package, including the N1m Residency Training Scholarship for final-year pediatric residents to assist with registering and preparing for final fellowship exams.
Dr. Joseph Ajanwenyi, who got the scholarship award, thanked Seyi Tinubu for his generosity and also vowed to use the grant responsibly for its intended purpose.
After that, the Seyi Tinubu healthcare intervention train also stopped at the Federal Medical Centre (FMC) in Abuja to donate Life-Saving Drugs Worth Millions of naira.
While celebrating the donation on their Instagram page on September 24, 2024, the FMC Abuja management stated that the donation was Seyi Tinubu’s demonstration of his commitment to maternal and child care.
They also celebrated Dr. Fatima Mohammed, who received the N1,000,000 Seyi Tinubu Residency Training Scholarship the same day.
Medical bills cleared
From Abuja, we head back to the South, this time to Lagos State precisely, where Ifeoluwa Ore, a young sickle cell patient at LASUTH who had been discharged but could not leave because she could not afford the medical bills, was recorded thanking Seyi Tinubu for clearing her medical bills.
Unable to contain her joy and relief, she stated, “It has lifted a lot of burden for my family, and there is no way I can appreciate him enough. I want to say ‘Thank you’ for what he has done and what he is doing God will continue to bless you.”
One of his humanitarian projects, Seyi Tinubu Support Initiative, cleared the medical bills of Ifeoluwa and the others who were stranded.
By Maxwell Uzochukwu, he wrote from Lekki, Lagos.
Senator Monday Okpebholo, the Executive Governor of Edo State has shown that he is a blessing to the State with his policy, appointments, flagging off roads construction in the three Senatorial districts and his love for the people of the state.
Edo State Governor, Sen Monday Okpobholo
Governor Monday Okpebholo has started working and fulfilling his five (5) points agenda that he promised the good people of the state since he took oath of office.
In security, he has shown total commitment because he promised the people of Edo State that he will provide security and truly, Edo State is peaceful and people are happy about it. He has given necessary support to security personnels.
He increased Ambrose Alli University (AAU) subvention from N40 million to N500 million, he has promised to look into AAU medical students issue and the governor has started renovating primary and secondary Schools in the state, this is to tell you that Senator Monday Okpebholo knows the important of Education.
Agricultural sector has taken a good turn because he has awarded N70 billion to the sector. He knows the important of Agriculture to the state and nation at large, very soon Edo State will be the food basket of the nation with the way His Excellency, Senator Monday Okpebholo is investing in Agriculture.
During electioneering period, Senator Monday Okpebholo promised employment of 5000 people within his 100days in office and he has started the process, very soon, Edo State people will smile because he will not sign MOU before employing them. He has started appointing Edo State People and not Lagosians into various positions.
The people’s Governor, Monday Okpebholo has started his road projects across Edo State , from Edo South to Edo Central and down to Edo North, just because he believes that when the roads are motorable, prices of market products will drop automatically.
The governor has started investing in Health sector, this is because he knows the important of the sector to Edo State people.
By Eigbefo Felix
As I set out to pen this piece on this serene Sunday afternoon, my mind is drawn to the profound epistle of Apostle Paul to the Corinthians in 1 Corinthians 1:27-29: “But God hath chosen the foolish things of the world to confound the wise; and God hath chosen the weak things of the world to confound the things which are mighty; and base things of the world, and things which are despised, hath God chosen, yea, and things which are not, to bring to nought things that are: That no flesh should glory in his presence.”
Edo State Governor, Sen Monday Okpobholo
Hallelujah!
I have chosen to begin this way because it resonates deeply with my assessment of Governor Monday Okpebholo’s leadership over the past two months.
When Senator Monday Okpebholo stepped into the political ring, many underestimated him. He wasn’t the loudest voice in the room, nor the most flamboyant. In a political landscape where the ability to raise dust often overshadows the capacity to lay foundations, Okpebholo’s calm and collected demeanor was dismissed as a weakness. But, as Apostle Paul aptly put it, God has a way of using the “foolish” things of the world to confound the wise. And indeed, Governor Okpebholo has confounded his critics with actions that speak louder than the hollow rhetoric of his predecessor.
To truly appreciate the transformation taking place in Edo State, one must first understand where we’re coming from. For eight long years, governance was more about optics than outcomes. The previous administration, under Governor Godwin Obaseki, was a masterclass in what the locals have dubbed “audio governance.” Projects were announced with great fanfare, but their execution remained a mirage. MoUs were signed and celebrated, only to gather dust in forgotten drawers. Roads that were critical to economic and social well-being were left to rot, with billboards proclaiming, “Please bear with us; this is a federal road,” as if to absolve the state of any responsibility.
Governor Okpebholo has flipped the script. He didn’t start his administration with loud declarations or endless ribbon-cutting ceremonies. Instead, he started with work—real, tangible work.
In just two months, Governor Okpebholo has demonstrated that governance is about delivering results, not excuses. The Benin-Auchi Road by Obadan Junction, long neglected, has received the needed attention. The failed portions of the Benin-Abuja Road in Ekpoma, which seemed destined to remain a nightmare for travelers, are now under repair. Roads that were mere campaign promises in the past, like Upper Ekenwan Road, are nearing completion.
Even the Aduwawa-Upper Mission Junction, a project that felt like a distant dream, is now coming to life. And let’s not forget the Temboga-Uteh Road, which now wears the Governor’s signature of progress.
One resident put it succinctly: “In just two months, this man has done more than others did in eight years. He doesn’t make noise; he makes things happen.”
Beyond roads, Governor Okpebholo’s administration is tackling the long-neglected healthcare sector. The construction of a modern health center in Udomi, Irua, is a testament to his commitment. The 2025 budget allocates N63.9 billion to healthcare and an additional N1.8 billion for a health insurance scheme, ensuring that no Edo citizen is left behind.
One of the most commendable moves of Governor Okpebholo’s administration has been his decisive action to sanitize Edo’s markets. By placing a ban on market unions, which had long been accused of oppressive and exploitative practices, the governor has brought relief to traders and consumers alike. These unions had been driving up the prices of food and commodities through arbitrary levies and monopolistic control, leaving ordinary Edo citizens to bear the brunt.
In his words, “Markets should be places of commerce and community, not oppression. We cannot allow a few individuals to profit at the expense of the majority.”
Since the ban, market prices have begun to stabilize, and traders have expressed gratitude for the governor’s intervention.
Edo State has not been immune to the scourge of insecurity, particularly the alarming rise in cult-related killings that claimed over 100 lives in 2024. Governor Okpebholo has tackled this issue head-on, adopting a consultative and inclusive approach. Through interagency consultations and his robust security meetings, he has fostered collaboration among law enforcement agencies and local communities.
This proactive engagement has led to a significant de-escalation of tensions and a peaceful resolution to many conflicts. As one community leader observed, “For the first time, we feel heard. The governor is not just issuing orders; he’s listening and acting.”
Another area where Governor Okpebholo has demonstrated his commitment to justice is in addressing the contentious issue of land grabbing. Under the previous administration, many communities and individuals saw their lands forcefully taken, their properties destroyed, and their voices silenced.
Governor Okpebholo has taken a firm stance, declaring that such lands will be restored to their rightful owners, provided they can present proof of ownership. This policy has brought renewed hope to many Edo citizens who had all but given up on ever reclaiming their ancestral lands.
“The government is here to serve the people, not to oppress them,” the governor stated. “We will right the wrongs of the past and ensure justice prevails.”
Governor Okpebholo’s 2025 budget, aptly titled the “Budget of Renewed Hope for a Rising Edo,” is a roadmap to sustainable development. With 63% of the N604 billion budget earmarked for capital expenditure, it’s clear where his focus lies.
* Road Development: N162 billion
* Education: N48 billion
* Health: N63.9 billion
* Agriculture: N75 billion
This is not just a budget; it is a statement of intent. It reflects the governor’s five-point agenda—security, infrastructure, healthcare, food sufficiency, and education—augmented by a renewed focus on agriculture.
Governor Okpebholo’s approach to governance can be likened to a diligent farmer. While others scatter seeds carelessly, hoping for a quick harvest, he tills the soil, plants with precision, and nurtures the crops. The results are already visible, and the harvest promises to be bountiful.
In reforming local government administration, the governor has brought discipline and transparency to a system that was previously plagued by inefficiency. His bold steps are setting a new standard for accountability and service delivery.
Governor Monday Okpebholo is proving that leadership is not about noise but results. He is confounding the critics and inspiring the citizens. As Apostle Paul wrote, God uses the weak and despised to bring about great things, and in Edo State, this truth is playing out before our very eyes.
Edo is rising, not on the wings of empty promises, but on the back of a governor who understands that actions speak louder than words. Indeed, Governor Okpebholo has become the farmer who sows in silence and reaps in abundance—a leader who delivers hope, one project at a time.
Fred Itua is the Chief Press Secretary to Edo State Governor
