gvA Update

On balance, the fortunes of Africa are tied to the promise of Nigeria. Therefore, it is in the interest of Africa to have a stable and prosperous Nigeria. Even so, it is up to Nigerians to build and develop Nigeria. However, I think that Nigerians and Africans have to get their development strategies right. At the EBS we have developed a RED in Africa concept. RED, that is refined economic development in Africa is a development strategy that recognizes community economic competitiveness as the foundation for a stronger pace of growth and sustainable development among African countries. My experience as an international and development economist in academia, business and government over many years has shown that national economies that succeed and become globally competitive and preeminent are those that promote mass participation in the economic development process, especially at the community level. In this consideration, RED in Africa promotes a refined EBS style local economic development, as the most foundational building block in a nation's economic development program. As Governor Peter Obi has said, we have to use strategies that focus on equipping and empowering the people, and not on what party has power over the people. We now have ways to promote community economic competitiveness. After-all, the most competitive communities typically emerge as economic growth poles and thus become national and global centers of excellence in economic experience. As I have said before, what is needed most in Nigeria today is strong economic growth driven collectively by a people that are committed to sharing equitably in the burden they carry and from the proceeds of their productivity. For Africa to keep rising, beneficial programs such as the MDGs or new forms of it that are designed from outside Africa must be adjusted and made to be efficacious in address the development problems of Africa. Our primary aim in economic development must be about how to speed job creation and income generation among our communities and therefore throughout our nations. I am Magnus Kpakol and that's my view.


Posted: Dec 10th, 2014 @ 08:07:31 AM