Africa’s Biggest Challenge Is Coordination, Not Opportunity – Irabor
Nigerian finance expert and business development professional, James Irabor, has called on Nigerian and African leaders to embrace stronger economic and innovation coordination as a pathway to unlocking the continent’s vast opportunities and accelerating sustainable development.
In a statement issued to reporters in Abuja yesterday, Irabor stated that in today’s global economy, scale has become one of the most decisive forces shaping prosperity, influence and resilience.
According to him, it is no longer enough for countries or firms to be efficient, innovative, or well-governed in isolation, stressing that these qualities deliver greater impact when embedded within systems large enough to absorb shocks, attract investment at competitive rates, and sustain long-term innovation.
He noted that the world’s most powerful economic blocs are not merely collections of successful nations, but coordinated systems capable of converting scale into economic and strategic advantage.
“This is the uncomfortable but necessary truth facing Africa today,” he said.
Irabor explained that discussions at the recent Africa CEO Forum clearly reflected this reality, as business leaders, policymakers, and investors agreed that Africa’s problem is not a lack of opportunities, but weak coordination across economies.
“He said the tone of the conversations was practical. Business leaders, investors, and policymakers were aligned on one point: Africa is not short of opportunity. It is short of coordination,” he stated.
According to him, Africa currently operates as 54 separate economic units, each with its own regulatory systems, procurement structures, capital markets, and infrastructure priorities.
“While acknowledging that these divisions are rooted in history and sovereignty concerns, he argued that the fragmentation continues to create duplication, inefficiency, and missed economic opportunities, he said.
Irabor noted significant stakeholder interest in building continental businesses capable of operating across multiple African markets and competing globally.
He added that there was also a growing appetite for large-scale infrastructure projects designed to connect economies rather than serve individual countries in isolation.
However, he observed that major barriers continue to hinder progress, including inconsistent regulatory systems, weak cross-border infrastructure, and difficulties in structuring investments across African markets.
“Capital is available, but it is not sufficiently pooled or aligned,” he said.
He further stressed that one of the key lessons from the forum was that the private sector is already thinking regionally and moving faster than policy environments.
According to him, the absence of harmonised regulations and predictable cross-border infrastructure continues to slow what would otherwise be clear commercial opportunities.
Irabor said the discussions reminded him of the work being carried out by the Aig-Imoukhuede Foundation, particularly in strengthening public sector capability and leadership.
“What the forum was describing, in practical terms, are problems that sit squarely within the capacity of institutions to solve,” he noted.
Speaking on the concept of shared ownership, Irabor described it as a practical pathway for Africa’s growth and integration.
“At its core, shared ownership means African countries and institutions investing in each other’s success because it is in their own interest to do so,” he explained.
He identified three critical areas where shared ownership is urgently needed — capital, infrastructure, and regulatory systems.
Irabor noted that Africa’s pension funds, sovereign wealth funds, and institutional investors are growing rapidly. Still, most investments remain trapped within national borders, limiting the continent’s ability to finance large-scale projects.
He said there is a clear opportunity for African countries to pool resources and co-invest in infrastructure, energy, and industrial platforms that can transform regional economies.
On infrastructure, he argued that most projects are still designed from narrow national perspectives despite the reality that trade flows, migration, digital ecosystems, and commodity chains transcend borders.
“The result is isolated success rather than compounding scale,” he said.
He cited the Lobito Corridor as an example of what becomes possible when infrastructure is conceived as a regional economic corridor rather than a national asset.
According to him, Africa’s next phase of development will require integrated infrastructure systems, including regional energy networks, interconnected transport corridors, and digital systems that enable seamless movement of data, payments, and services across borders.
Irabor also highlighted the challenges posed by regulatory differences across African countries, noting that investors are often forced to navigate multiple legal systems, approval procedures, and compliance frameworks.
He pointed to initiatives such as OHADA and the Pan-African Payment and Settlement System as examples of efforts to simplify business laws and cross-border transactions. However, he said such reforms remain limited in scope.
According to him, the success of shared ownership ultimately depends on institutional capability and leadership.
He stressed that cross-border projects require governments with strong planning, coordination, and implementation capacity, while regulatory alignment demands efficient public institutions capable of maintaining shared standards.
“These are not technical problems alone. They are institutional ones,” he stated.
Irabor maintained that institutional capacity is the operating system that drives scale, integration, and sustainable economic coordination across Africa.
He concluded that the real question before Africa is no longer whether integration is desirable, but whether the continent can coordinate effectively enough to make it a reality.
“Coordination is harder than vision. It requires trust, institutional discipline, and sustained political and administrative commitment. It requires countries to see neighbouring economies not as competitors, but as partners in value creation,” he said.
He added that while the private sector is already prepared to scale regionally, progress will remain uneven without aligned systems and stronger cooperation among African nations.
“Shared ownership is not a quick fix. It requires coordination, trust, and discipline. But the alternative — fragmented growth in a world that rewards scale — is becoming increasingly difficult to justify,” Irabor added.
المصدر: Leadership (Nigeria)
