Economic development
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The International Water Management Institute (IWMI), a non-profit global research organization, on Wednesday urged African countries to involve local communities in data collection on river discharge to boost water resource management. According to the IWMI, the continent’s 63 transboundary rivers, which are a lifeline for millions, suffer from inadequate or outdated gauging stations, severely limiting…
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In a sleek, automated workshop at the Daxing International Airport Economic Zone in southern Beijing, technicians from dental implant manufacturer CRS are meticulously checking their implants for any defects under microscopes. CRS, a precision manufacturing company specializing in the research, production and sales of sterile dental implants, began production here last month. The firm aims…
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The Governor of Adamawa State, Ahmadu Fintiri, has condemned the results of the Edo State governorship election, saying he weeps for Nigeria’s democracy DAILY POST recalls that the Independent National Electoral Commission, INEC, on Sunday, declared Monday Okpebholo of the All Progressives Congress, APC, as the winner of the September 21 governorship poll. Reacting in…
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Chinese President Xi Jinping has stressed efforts to improve modern tourism systems and accelerate the building of China into a country strong in tourism. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in an instruction on the work related to…
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Lagos, the commercial capital of Nigeria, has been ranked as the 19th best city to visit in the world. This is according to Time Out, an outlet that publishes guides and magazines. Apart from Lagos, South Africa’s Cape Town, ranked second while Ghana’s Accra, at 44th, were the only African cities featured on the list.…
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Senator Shehu Sani has insinuated that the poor are the worst hit by the current economic hardship, while the rich are insulated from economic woes. Sani, a chieftain of the Peoples Democratic Party (PDP) and former lawmaker, made the assertion via his verified Twitter handle on Tuesday. Sani wrote: “In our country, the rich are…
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The Federal Government has blamed the high poverty rate in the country on the failure of the State Governments to contribute their quota of development responsibilities to the grassroots where the major production activities take place. Minister of State for Budget and National Planning, Clement Agba, stated this to State House Correspondents after the week’s…
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Russia’s invasion of Ukraine has intensified calls to impose sanctions that would devastate the Russian economy and target leaders in its government. One of the key demands put forward by the Ukrainian government is for Russia to be barred from SWIFT – the world’s most-used interbank communications system. “I will not be diplomatic on this.…
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Nigeria is undergoing economic recession. But despite the inspiring short and long-term economic forecasts, the nation has a number of power supply challenges, many of which can be solved with renewable energy. First among the sustainable energy options is hydropower. However, the major problem with hydropower and similar large, capital intensive power projects is its…
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Sustainability has three main pillars: economic, environmental and social. Although, they are informally referred to as people, planet and profits. As part of our sustainability month here at Business Leader, we’ve looked into the three pillars of sustainability to tell you everything need to know about them. What is the economic pillar of sustainability? Although…
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Nigeria’s former Minister of Defence, Lt. Gen Theophilus Danjuma (retd), has said that the country was at a very disturbing bend in its journey as a sovereign state. Danjuma, who spoke on Thursday at the launch of a book by the Nigerian Tribune in Ibadan, Oyo State, stated that happenings in the country outside public…
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Lots of countries have not always been able to understand the essence of politics from the economic perspective over the past several decades and thus have not transferred the focus of national work to economic construction. Some countries have ignored the fundamental goal of economic development over a long period and became deeply entangled in…
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Did You Know? ° The money generated by tourism accounts for 5% of global GDP. ° For every job created in the core tourism industry, around 1.5 extra, indirect jobs are created in the wider tourism-related economies. ° Tourism provides jobs for 1 out of every 12 workers in advanced and emerging economies. The Disadvantages…
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Many places in the world rely heavily on tourism as a key source of income and employment. Unfortunately, tourism can also be a source of problems, especially if it is not managed well. A huge influx of visitors can gradually deplete the beauty, uniqueness, character, environment, resources, and social coherence of a tourist destination over…
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The paper, titled ‘A Governance Dividend for Sub-Saharan Africa?’ stated that countries in the region tended to lag behind those in most other regions in the world in terms of governance and corruption. Eighty per cent of sub-Saharan African countries (36 out of 45) score below the global average in the Transparency International Corruption Perceptions…
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