Event Brief

Time for Global South Solutions to Fix South Problems: Nigerian Thinker Osaghae

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Ayanangsha Maitra, COGGS

The phenomenon of “state fragility” has become an urgent concern, especially within the Global South, Dr. Eghosa Emmanuel Osaghae, Director General of the Nigerian Institute of International Affairs asserted while addressing at the Yerevan Dialogue, held on September 9-11, 2024 in Yerevan, Armenia. 

Dr. Eghosa Emmanuel Osaghae

“The time has come for Global South solutions to Global South problems,” the Nigerian political scientist remarked.

This sentiment reflects a growing recognition that the challenges faced by fragile states cannot solely be addressed through external intervention or the influence of traditional superpowers. Instead, it is imperative for nations within the Global South to take charge of their own destinies and devise solutions tailored to their unique contexts.

Dr. Osaghae emphasized, “Opportunities that immediately present themselves highlight that state fragility is a global phenomenon, but it is also a shared responsibility. If we leave it to the so-called superpowers as we have known them, we will never find a solution.” This perspective underscores the importance of collective action and responsibility from the Global South. Many fragile states find themselves unable to address their issues independently, often relying on external assistance. However, as Dr. Osaghae cautioned, if such support devolves into new battlegrounds—echoing the historical patterns seen in various regions of Africa—then the Global South must awaken to the need for proactive measures.

A key aspect of this awakening is the strengthening of intra-Global South trading capacities. There is a pressing need for the Global South to create a strong network aimed at promoting industrialization and enhancing trade, he said at the dialogue. The African Continental Free Trade Agreement (AfCFTA) presents a significant opportunity in this regard. Dr. Osaghae pointed out, “The Global South is not going to get the traction if all of its trade remains with unequal exchanges with the West and the rest of the world.”

To realize the potential of such initiatives, regional organizations within the Global South must take the lead in addressing issues that matter most to their constituents. “We cannot afford to wait for distant solutions from those who may manipulate us for their own agendas.”

Dr. Osaghae also highlighted healthcare as a critical priority, asserting that “COVID is not the last pandemic.” He emphasized the need for advanced preparedness in the face of emerging viruses, such as the recent incidents of monkeypox, which disproportionately affect populations in the Global South. He urged for solutions that encompass prevention, diagnosis, and treatment for upcoming epidemics and pandemics, advocating for effective management strategies.

Is Global South Insecure? 

Security, Dr. Osaghae argued, is the overarching framework within which all these issues must be addressed. “The greatest problem, arguably in the Global South today, is the fact that people don’t have security,” he noted. This lack of security leads to displacement and migration, exposing vulnerable populations to numerous other challenges. “If you have a critical mass of poor people, there’s very little progress that can be made,” he explained. However, the Nigerian political scientist believes that with a secure environment, poverty can be more effectively addressed, as can health crises.

Time for Global South Solutions to Fix South Problems: Nigerian Thinker Osaghae Read Post »

Time for Global South Solutions to Fix South Problems: Nigerian Thinker Osaghae

|

Ayanangsha Maitra, COGGS

The phenomenon of “state fragility” has become an urgent concern, especially within the Global South, Dr. Eghosa Emmanuel Osaghae, Director General of the Nigerian Institute of International Affairs asserted while addressing at the Yerevan Dialogue, held on September 9-11, 2024 in Yerevan, Armenia. 

Dr. Eghosa Emmanuel Osaghae

“The time has come for Global South solutions to Global South problems,” the Nigerian political scientist remarked.

This sentiment reflects a growing recognition that the challenges faced by fragile states cannot solely be addressed through external intervention or the influence of traditional superpowers. Instead, it is imperative for nations within the Global South to take charge of their own destinies and devise solutions tailored to their unique contexts.

Dr. Osaghae emphasized, “Opportunities that immediately present themselves highlight that state fragility is a global phenomenon, but it is also a shared responsibility. If we leave it to the so-called superpowers as we have known them, we will never find a solution.” This perspective underscores the importance of collective action and responsibility from the Global South. Many fragile states find themselves unable to address their issues independently, often relying on external assistance. However, as Dr. Osaghae cautioned, if such support devolves into new battlegrounds—echoing the historical patterns seen in various regions of Africa—then the Global South must awaken to the need for proactive measures.

A key aspect of this awakening is the strengthening of intra-Global South trading capacities. There is a pressing need for the Global South to create a strong network aimed at promoting industrialization and enhancing trade, he said at the dialogue. The African Continental Free Trade Agreement (AfCFTA) presents a significant opportunity in this regard. Dr. Osaghae pointed out, “The Global South is not going to get the traction if all of its trade remains with unequal exchanges with the West and the rest of the world.”

To realize the potential of such initiatives, regional organizations within the Global South must take the lead in addressing issues that matter most to their constituents. “We cannot afford to wait for distant solutions from those who may manipulate us for their own agendas.”

Dr. Osaghae also highlighted healthcare as a critical priority, asserting that “COVID is not the last pandemic.” He emphasized the need for advanced preparedness in the face of emerging viruses, such as the recent incidents of monkeypox, which disproportionately affect populations in the Global South. He urged for solutions that encompass prevention, diagnosis, and treatment for upcoming epidemics and pandemics, advocating for effective management strategies.

Is Global South Insecure? 

Security, Dr. Osaghae argued, is the overarching framework within which all these issues must be addressed. “The greatest problem, arguably in the Global South today, is the fact that people don’t have security,” he noted. This lack of security leads to displacement and migration, exposing vulnerable populations to numerous other challenges. “If you have a critical mass of poor people, there’s very little progress that can be made,” he explained. However, the Nigerian political scientist believes that with a secure environment, poverty can be more effectively addressed, as can health crises.

Time for Global South Solutions to Fix South Problems: Nigerian Thinker Osaghae Read Post »

UN South-South Cooperation Day: Why UN Chief Guterres Seeks Triangular Cooperation?

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On the occasion of United Nations Day for South-South Cooperation on September 12, UN Secretary-General António Guterres delivered a significant message highlighting the transformative potential of unity among developing nations. Guterres emphasized that “only together can countries leverage multilateral support and realize shared prosperity,” underscoring the critical role of South-South cooperation in addressing global challenges.

UN Secretary-General António Guterres

What is Day for South-South Cooperation? 

On 12 September 2024, the United Nations Office for South-South Cooperation (UNOSSC) will spearhead the global observance of the United Nations Day for South-South Cooperation, themed “A Better Tomorrow with South-South Cooperation.” This event sets the stage for the Summit of the Future, which will be held at the UN Headquarters in New York from 22 to 23 September 2024. During the Summit, Member States will work towards establishing principles, commitments, and actions to promote a sustainable future.

What UN SG Said on South-South Cooperation Day? 

The Secretary-General acknowledged that while South-South partnerships are crucial, they do not absolve wealthier nations from their responsibilities. Addressing ahead of the South-South cooperation day he stated, “South-South cooperation does not reduce the responsibility of wealthier nations to help tackle global inequalities. It does not replace North-South cooperation.”

Guterres further highlighted that strong South-South partnerships, along with triangular cooperation, are instrumental in building a fairer and more inclusive global financial system. He noted that these collaborations “can advance a fairer, more inclusive global financial system that responds to the challenges faced by developing countries.”

Moreover, he pointed out that such partnerships have the potential to unlock “the power of digitalization, data, and science-backed solutions for sustainable development.” This reflects the importance of leveraging modern technology and innovation to drive progress.

The Secretary-General also emphasized the impact of these collaborations on improving the quality of life and building resilience. He stated that they “can help improve the quality of life today and for future generations, building resilience and empowering women and young people.”

As the Summit of the Future approaches  on 22 and 23 September, Guterres called for a reaffirmation of commitment to South-South and triangular cooperation. He concluded, “by pooling resources, know-how, and experience, we can create a more equitable world for all,” highlighting the importance of solidarity and mutual support in achieving global equity and sustainable development.

UN South-South Cooperation Day: Why UN Chief Guterres Seeks Triangular Cooperation? Read Post »

What Heads of State Remarked at India-Africa Business Conclave

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The three-day long 19th CII India-Africa Business Conclave, held on August 19-21 in New Delhi, has set a new standard in the evolving economic ties between India and Africa. At the heart of the discussions was Africa’s rise as one of the world’s most dynamic economic regions, marked by an impressive$ 6.7 trillion in consumer and business spending. As Africa’s third-largest trading partner, India has witnessed its trade with the continent grow from USD 68.5 billion in 2011-12 to USD 83.34 billion in 2023-24, reflecting the deepening and expanding nature of warm relationship.

The 19th CII India-Africa Business Conclave, convened by Confederation of Indian Industry underscored the vital role of the India-Africa growth partnership within the broader context of the Global South alliance. The conclave, a collaboration between the CII, India’s Ministry of External Affairs, and  Ministry of Commerce & Industry, highlighted strategic areas for accelerating economic integration between the two regions.

Prosper Bazombanza, Vice President of  Burundi, emphasized the potential for Indian investors to significantly contribute to Burundi’s economic development. By leveraging Burundi’s rich natural resources, Indian businesses could play a crucial role in enhancing the country’s growth trajectory through creating a more cooperative environment.

In a similar vein, Muhammad B.S. Jallow, Vice President of  Gambia, noted the strategic discussions facilitated by the conclave. Key sectors such as energy, infrastructure development, affordable housing, and healthcare were identified as focal points for collaboration with Indian enterprises.

India’s Minister of Commerce and Industry Piyush Goyal emphasized that the India-Africa partnership should be driven by a clear, actionable agenda with specific, achievable goals across short, medium, and long-term plans, aiming to produce tangible outcomes and measurable results.

While addressing in the business conclave, Jeremiah Kpan Koung, Vice President of Liberia, invited Indian firms to explore investment opportunities within Liberia’s agricultural sector. Liberia’s substantial land resources and favorable climatic conditions present significant opportunities for growth. Additionally, the country is open to various forms of investment, including private-private and public-private partnerships.

Marie Cyril Eddy Boisse´zon, Vice President of  Mauritius, highlighted the deep-seated civilizational ties between India and Africa. He advocated for sustained and focused efforts to extract tangible benefits from the cooperation in sectors such as digitalization, healthcare, space development, pharmaceuticals, infrastructure, and power. This underscores the need for a strategic approach to leveraging shared values and mutual interests.

Dr. C.G.D.N. Chiwenga, Vice President of Zimbabwe, pinpointed agriculture, mining, health, energy, and infrastructure as critical areas for collaborative growth. Zimbabwe’s openness to partnership with India aims to drive progress across these sectors, emphasizing the mutual benefits of such cooperation.

The 19th CII India Africa Business Conclave has thus reinforced the imperative for deepened economic integration between India and Africa. By focusing on sector-specific collaborations and harnessing shared resources and values, both regions stand to gain from enhanced mutual growth and development.

 

Rui Miguens de Oliveira, Minister of Industry & Commerce of Angola invited Indian companies to explore investment opportunities in Angola in agriculture and agro-processing, manufacturing, financial services, healthcare etc. Serge Gnaniodem Poda, Minister of Industrial Development, Commerce, Handicrafts and Small and Medium Enterprises, Burkina Faso, remarked the country seeks major investments from India in sectors such as agriculture, agri-business, IT & ICT services, pharmaceuticals, renewable energy and healthcare.

Chad’s Minister of Trade and Industry, Guibolo Fanga Mathieu, said the country offers significant business opportunities in sectors like agriculture, animal husbandry and crops like cotton. IT and ICT.

Sosten Gwengwe, Minister of Trade and Industry of Malawi, highlighted Malawi’s ATM (Agriculture, Tourism and Mining) strategy that opens us new investment opportunities for Indian companies.

Seydou Asman, Minister of Trade & Industry of Niger, urged Indian companies to increase their involvement in Niger, highlighting the country’s mineral wealth, extensive coastline, efficient transport infrastructure, and potential for renewable energy. Meanwhile, Omar Said Shaaban, Minister for Trade and Industrial Development in Zanzibar, Tanzania, described India as a key, reliable partner and encouraged Indian businesses to explore opportunities in Tanzania’s agri-business, tourism, and blue economy sectors, where the country holds a competitive edge.

What Heads of State Remarked at India-Africa Business Conclave Read Post »

Finance to Fraternity: Insights from 3rd Voice of Global South Summit

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In the midst of geopolitical turmoil, and prolonged conflicts, India convened the third edition of the Voice of Global South Summit on August 17, 2024, engaging 123 nations from the Global South.  Muhammad Yunus, Chief Advisor to the interim government of Bangladesh advocated for a complete overhaul of the financial system in the Global South to ensure equitable wealth distribution. The nobel laureate Yunus  asserted that integrating entrepreneurship with social business has the potential to transform the Global South.

In his address, Prime Minister Narendra Modi articulated a compelling vision that addresses critical global priorities, including health, food, and energy security, while also emphasizing the need for enhanced global governance and financial inclusion.

3rd Voice of Global South Summit (courtesy: Dr. S Jaishankar on X)

The assembly of 123 nations reflect a strategic framework for channeling cooperation and advancing the collective aspirations of the Global South in these challenging times. The theme of the 3rd edition of the summit was “An Empowered Global South for a Sustainable Future. ” The leaders of Bangladesh, Belarus, Bhutan, Chile, El Salvador, Ethiopia, Fiji, Grenada, Guyana, Lao PDR, Marshall Islands, Mauritius, Mongolia, Nepal, Oman, Sri Lanka, Suriname, Tajikistan, Timor Leste, Uruguay and Vietnam attended the Leaders session. Thirty-four foreign ministers and 118 ministers joined the ministerial sessions of the summit.

 $2.5 million fund for Promotion of Trade

India outlined the objectives of the “Global Development Compact,” emphasizing a multi-faceted approach for development. The initiative, that was announced in the summit will prioritize trade for development, capacity building, technology sharing, and project-specific concessional finance and grants. To enhance trade promotion further among the Global South, India will establish a special $2.5 million fund and separately provide $1 million for training in trade policy and negotiation. The Global Development Compact will promote trade, technology sharing, and concessional financing, drawing on India’s growth experience and aligning with the priorities of developing countries.

Trade and sustainable development were key priorities in the summit, emphasizing the necessity of fair trade practices and sustainable development goals. India highlighted women-led development as a crucial component of this agenda, recognizing the role of women in driving economic growth and innovation.

In the virtual summit, it was announced that India is contributing to the SDG Stimulus leaders group to address financial stress and development needs in the Global South. The initiative is ideated to make affordable generic medicines accessible, supporting the training of drug regulators, and sharing technology and experiences in ‘natural farming’ to advance agricultural practices.

During the leaders’ session of the summit, advancement of digital infrastructure was portrayed as revolutionary, with India championing the Unified Payment Interface (UPI) as a model for financial inclusion. This digital payment not only simplifies transactions but also connects Global South nations in a unified financial network, facilitating easier cross-border transactions and economic integration.

While addressing, Prime Minister Modi emphasized that the upcoming UN Summit of the Future represents a vital platform for Global South nations to present their concerns and influence global governance. The Indian Prime Minister, who anchored the summit, highlighted the summit as a key opportunity for these countries to advocate for a more inclusive system at the global level. UN Summit of the Future is expected to offer the Global South nations ensure their priorities and perspectives are adequately represented in shaping future global policies.

 

Finance to Fraternity: Insights from 3rd Voice of Global South Summit Read Post »

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