Why African Economies Must Move from Commodity Dependency – Ezekwesili

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Former Minister of Education, Dr Obiageli Ezekwesili, has emphasised the need for African economies to transition from commodity dependence to manufacturing, industrialisation and high-value service industries to create sustainable jobs.

Ezekwesili stated this yesterday while delivering the 20th anniversary lecture of Redeemers University, Ede, Osun State.

The lecture had as theme, “The reality of our time: Technology and values for a sustainable future.”

Citing World Bank data, Ezekwesili noted that between 10 to 12 million young Africans enter the labour market annually, yet only about three million formal jobs were created.

“This leaves millions underemployed or struggling in the informal economy,” she said.

A former World Bank Vice President for Africa, Ezekwesili stressed that investments in infrastructure, power, transportation and digital connectivity could drive job creation across multiple sectors.

She also emphasised the need for Africa to train its youths in emerging technologies such as Artificial Intelligence, AI, cybersecurity, blockchain, and robotics to remain competitive in the global digital economy.

“AI and automation are reshaping labor markets worldwide.

“Government and the private sector must collaborate on AI literacy programmes that teach coding, machine learning and data analytics in schools and vocational training centers.

“Upskilling and reskilling programmes should target workers in at-risk industries, helping them transition into AI-augmented roles.

“Universities should integrate AI, robotics and cybersecurity courses into mainstream education to ensure that graduates are job-ready.”

According to Ezekwesili, over 60 percent  of Africa’s population is under the age of 25, making it home to the world’s youngest workforce.

“This phenomenon, often referred to as the youth bulge, presents  opportunities and risks.

“If adequately harnessed, Africa’s youthful population can drive innovation, entrepreneurship and economic growth.

“However, if neglected, it could result in mass unemployment, economic stagnation and social unrest,” she warned.

She  urged universities to shift from rote memorisation-based learning to fostering critical thinking, innovation and adaptability.

Earlier, in his remarks, the Vice-Chancellor of Redeemers University, Professor Shadrach Akindele, described the institution’s 20th anniversary as a reflection of its achievements in academics, spirituality and scientific research.

Akindele noted that the topic of the lecture was not only timely, but also a call to action rather than just an intellectual discourse. NAN

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