Editor’s Note: March 01, 2018

Nigeria needs more than recycled leadership

Nigeria’s ruling All Progressives Congress party has reportedly endorsed president Muhammadu Buhari (75) to run for a second term in elections next year.

He has yet to declare amid speculation about the state of his health. Should he do so it will likely set up a contest between Buhari and presumed challenger Atiku Abubakar (71), a former vice president.

Both come from a generation that has dominated the politics of Africa’s most populous nation and biggest economy for decades. Buhari first led the country from 1983-85.

Regularly recycled they have largely failed to deliver on Nigeria’s potential and are the subject of much frustration among the country’s 190m strong population, which has an average age of just 18! 

Meaningful change from within is unlikely, and there are no clear challengers to the ruling elite’s grip on power. Exactly why is debatable, but Nigeria feels out of step with change sweeping across Africa at the moment – from Angola and South Africa to Zimbabwe and Ethiopia.

The country appears content to “muddle through”, as the IMF has characterised its medium term economic prospects.

This is a shame as it belies the dynamism and industry of Nigeria’s people.

From The Continent

South Africa’s state-run power utility Eskom has signed a $2bn short-term credit facility with seven local and international banks to help resolve “governance related issues.” The company has been implicated in corruption allegations under former president Jacob Zuma and has just had its credit rating cut to CCC+ by S&P. More: Reuters


The IMF has reportedly said it expects Mozambique to default on loans of around $2bn, which have plunged the Southern African country into a debt crisis, until 2023. This will likely to play a pivotal role in debt restructuring talks Maputo hopes to hold with commercial creditors. More: Bloomberg

The Daily Stat

79

The number of visits to Africa by China’s top leadership over the last ten years. More: Development Reimagined

The Global Perspective

German Chancellor Angela Merkel has said a proposed “Compact With Africa” championed by Berlin “should be a European project” during a visit to the German capital by Ghanaian president Nana Akufo Addo. Merkel is a leading advocate of the plan, which hopes to boost trade and investment between the EU and Africa. More: Anadolu Agency

Africa is set to miss the UN’s sustainable development goal of ending childhood malnutrition by 2030 according to research published in international science journalNature. According to detailed maps published in the journal not a single country is on track. More: BBC

The Daily Follow

Carl Manlan @CarlManlan: Chief Operating Officer at the Ecobank Foundation @EcobankFdn