Prof Hamalai Joins Other Stakeholders To Proffer Policies For Productive Transformation In Africa.
The Director General of the National Institute for Legislative and Democratic Studies, Prof. Ladi Hamalai recently joined other stake holders at the 28th annual meeting of the Board of Governors of the African Capacity Building Foundation, ACBF in Yaounde, Cameroon.
Recall that the National Institute for Legislative and Democratic Studies, NILDS builds on the successes of the Policy Analysis and Research Project (PARP), established in 2003 as a capacity building institution of the National Assembly with the financial support of the African Capacity Building Foundation (ACBF). Over the years, the Institute has helped to strengthen the capacities of legislators and ensure that the positions and proposals advanced by the National Assembly are informed by requisite research and analytical support.
Before the commencement of the Meeting in Yaounde, Prof Hamalai presented publications of the Institute including “Building the Capacity of ECOWAS and the National Parliament” and “8 Years NILDS Review Report” to the Executive Secretary of the ACBF, Prof. Emmanuel Nnadozie.
According to Professor Nnadozie, effective public policies that promote quality of exports and investments in physical and technological infrastructure development as well as critical skills development, should be at the core of the Africa’s transformation process.
This includes policies that promote investment in science, technology and innovation; improvements in the enforcement of property rights and regulatory framework; creation of strong trade coordinating institutions; and promoting local firms and private sector development.
The AU Commissioner for Economic Affairs, Prof. Victor Harison, while giving his opening statement, said that based on the “Africa’s Development Dynamics” report of the African Union, the African economy grew by 4.7 per cent per year between 2000 and 2017.
He said this made Africa, the world’s second fastest growing region, with the economic performance, however, remaining non-inclusive and jobless.
`In view of the current high population growth composed by 70 per cent of youth, the continent must create more than 12 million jobs per year to prevent unemployment from rising.
`This implies that the transformation and diversification of our economies, technological innovation, promotion of digital economy and the development of blue economy and sustainable exploitation of maritime resources is imperative,’’ he said.
The African Capacity Building Foundation, with a mission to build strategic partnerships, offer technical support, and provide access to relevant knowledge related to capacity building in Africa has its Board of Governors comprising of the Finance Ministers from all the African Countries.
The Yaoundé meeting was co-organized by the African Union, with the theme: “Public policies for productive transformation”