{"id":26546,"date":"2020-11-27T17:48:12","date_gmt":"2020-11-27T16:48:12","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=26546"},"modified":"2020-11-27T17:48:12","modified_gmt":"2020-11-27T16:48:12","slug":"eca-tasks-africa-on-policies-to-promote-economic-growth","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/eca-tasks-africa-on-policies-to-promote-economic-growth\/","title":{"rendered":"ECA tasks Africa on policies to promote economic growth"},"content":{"rendered":"\n<p><strong>Chris Ndibe&nbsp;<\/strong><\/p>\n\n\n<p>The United Nations Economic Commission for Africa (UNECA) has urged African governments to put in place policies and actions that would accelerate and realise the demographic dividend in the continent.&nbsp;<\/p>\n\n\n<p>Mr Isma\u00ebl Issifou, Associate Economic Affairs Officer, UNECA said this as part of the presentation of a study at a virtual session of Think Tanks and Experts Group 2020.&nbsp;<\/p>\n\n\n<p>The urge was based on a study on \u201cPopulation Dynamics, Demographic Dividends and Sustainable Development in West Africa\u201d by the ECA Sub-regional Office for West Africa (SRO-WA).&nbsp;<\/p>\n\n\n<p>Demographic dividend refers to the growth in an economy that is the result of a change in the age structure of a country\u2019s population.&nbsp;<\/p>\n\n\n<p>The change in age structure is typically brought on by a decline in fertility and mortality rates.&nbsp;<\/p>\n\n\n<p>The study showed how the effectiveness of policies to sustain the three dimensions of sustainable development\u2014 economy, society and environment\u2014were dependent on key population policies.&nbsp;<\/p>\n\n\n<p>Issifou said the study noted that \u201cit is imperative to put in place policies and actions that will accelerate and help realise the promise of the potential dividend\u201d.&nbsp;<\/p>\n\n\n<p>According to the study, population dynamics in West Africa was estimated at 402 million in 2020 making 5.1 per cent of world population and 30 per cent of Africa\u2019s population.&nbsp;<\/p>\n\n\n<p>Nigeria, it stated, represented half of the West African population at 51.3 per cent with a population growth estimated at 2.6 per cent.&nbsp;<\/p>\n\n\n<p>The rate was compared with the African growth rate at 2.44 per cent and world growth at 1.04 per cent.&nbsp;<\/p>\n\n\n<p>It also added that there was a high population growth rate in Sahel countries.&nbsp;<\/p>\n\n\n<p>The study also noted that population drivers in West Africa, in relation to births and deaths, showed a decreased trend in Crude Birth Rates (CBR) but at a slow pace compared to the world trend.&nbsp;<\/p>\n\n\n<p>It also showed that there was significant decrease in Crude Death Rates (CDR), narrowing the gap between the sub-region and the world.&nbsp;<\/p>\n\n\n<p>\u201cCBR exceeding CDR leads to increasing population. It will take some time before demographic transition reaches its last stage in West Africa.\u201d&nbsp;<\/p>\n\n\n<p>Also, population drivers in terms of child mortality was a hindrance to low fertility rates in West Africa, the study stated.&nbsp;<\/p>\n\n\n<p>It noted, however, that under-five mortality rates exerted positive influence on population growth which started by its positive connection with total fertility rates.&nbsp;<\/p>\n\n\n<p>Furthermore, in terms of age structure, youth made up a large proportion of the West African population with an average median of 18 years.&nbsp;<\/p>\n\n\n<p>\u201cYoung population is conducive to rapid population growth due to large population at the reproductive age. Low median age tends to increase fertility rates,\u201d the study noted.&nbsp;<\/p>\n\n\n<p>It further showed that population was driven by the large increase in people at the reproductive age which impeded efforts to control populace in the sub-region.&nbsp;<\/p>\n\n\n<p>Issifou added that the study showed how population change at national levels could be detrimental to some sub-regional agreement, such as Sustainable Development Goals agenda.&nbsp;<\/p>\n\n\n<p>The meeting had as its theme \u201cGenerational Economy and Structural Transformation in COVID-19 Era in West Africa\u201d which focused on the \u201cDemographic dynamics for development and structural transformation in West Africa\u201d.&nbsp;<\/p>\n\n\n<p>The Think Tank and Experts Group meeting will be followed by the 23rd session of the Intergovernmental Committee of Senior Officials and Experts (23rd ICE) for West Africa.&nbsp;<\/p>\n\n\n<p>The 23rd ICE has as its theme \u201cMaximising Investments to Achieve Optimum Demographic Dynamics in West Africa in COVID 19 era: The Imperative of Building Back Better\u201d.&nbsp;<\/p>\n\n\n<p>The meetings are organised by the SRO-WA of UNECA in collaboration with the Nigerian government. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chris Ndibe&nbsp; The United Nations Economic Commission for Africa (UNECA) has urged African governments to put in place policies and actions that would accelerate and realise the demographic dividend in the continent.&nbsp; Mr Isma\u00ebl Issifou, Associate Economic Affairs Officer, UNECA said this as part of the presentation of a study at a virtual session of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[296,126],"tags":[],"class_list":["post-26546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-economic","category-trade-and-industry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - 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