• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 25, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

What ECA says of African industrialisation

Industrialisation

The Matters Press by The Matters Press
November 26, 2023
Reading Time: 1 min read
0
UNECA urges media to pressure govts on policies

Abuja, Nov. 26, 2023: The Economic Commission for Africa (ECA) says Africa can industrialise, integrate, and finance its development without depending on outside support.

RELATED POSTS

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Mr Adam Elhiraika, Director of the Macro Economic Policy Division at ECA, said that the continent could not afford to continue receiving aid.

”We have the momentum and historical opportunities provided by the African Continental Free Trade Area ( AfCFTA) and the growing integration of African economies.

”Now is the time for African policymakers and economists to move beyond orthodox, mainstream economics theories that used to tell us that we cannot integrate.

”Theories that say we cannot industrialise or finance our development and that we need aid for trade.

”We cannot continue to receive aid to dig and to produce primary commodities that we export for processing elsewhere,” he said.

Elhiraika said it was time for this to stop with industrial strategies that enforced local contexts, promoted regional value chains, or promoted partnerships between public and private sectors.

He then called for integration between Africa’s small and medium enterprises with lead firms and creating economic or manufacturing zones that work for Africa.

The director reiterated the importance of promoting and supporting foreign direct and mystic investments on the continent.

According to him, this will destroy backwards and forward linkages within Africa that produce goods consumed by Africans and then provide export opportunities for African countries.

Elhiraika said the just concluded Africa Economic Conference (AEC) in Addis-Ababa reiterated the various issues hindering industrial development in Africa.

”This includes opportunities for industrial development, challenges, and how they can be addressed.

”The deliberations include plenary sessions, special events, and paper presentations. 35 papers produced by young Africans and experienced African economists were presented during this meeting.

”The key issue being deliberated was how to promote industrialisation in Africa,” he said.

Tags: ECAIndustrialisation
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Next Post
Group bemoans level of crude oil theft

Nigeria loses 3,000 barrels of crude oil to Nov. 15 offshore oil spill

Africa-Europe Alliance presents progress report

AfDB urges governments to own, sustain its macroeconomic models

Recommended Stories

How NNPC is solving lingering petrol scarcity

Fuel marketer disagrees with costing template

November 8, 2022
Logistics firm, NIPOST partner on parcel delivery

Nigeria postal service generates N3.01bn revenue

September 12, 2023
Bayelsa state wants more investment from Shell

Shell denies breach of Nigerian Content Law

April 13, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
  • Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us