The 2012 United Nations Conference on Sustainable Development (Rio+20) has the objective of securing renewed political commitment to sustainable development, assess the progress and implementation gaps in meeting already agreed commitments, and address new and emerging challenges. With these goals in mind, Rio+20 provides an opportunity for Africa to evaluate progress, and identify what has … Continue reading New and Emerging Development Challenges in Africa
In a move aimed at further boosting the recovery of Chinese airlines, the Civil Aviation Administration of China (CAAC) said it will increase domestic flights by 34 percent from pre-pandemic levels. On October 27, China's big three state carriers reported their first quarterly profits in more than three years. According to the summary of a … Continue reading Chinese airlines to increase domestic flights by 34%
In an economic development that hasn't received much attention in the Western media, the GDP of the BRICS nations has surpassed that of the G7. That news, coupled with plans by the BRICS (Brazil, Russia, India, China and South Africa) nations to create their own currency later this year presents a challenge to the US … Continue reading BRICS’ GDP, potential currency a challenge to US dollar dominance
China's economic rebound is having a significant positive spillover on the regional growth of Asia, said Krishna Srinivasan, director of the Asia and Pacific Department of the International Monetary Fund. Srinivasan said during the International Finance Forum One-on-One Global Dialogue on Friday that one percentage point increase in China's growth leads to a 0.3 percent … Continue reading China’s economic growth to boost regional development – IMF
Christians in Nigeria join their counterparts across the world today in the 2022 Christmas celebration. What is, however, clear is that this year’s celebration appears not to have come with so much fanfare. Unlike previous years, the economic crisis bedeviling the nation may have forced several Nigerians to celebrate on a very low key. Apart … Continue reading Nigerians celebrate Christmas amid fuel scarcity and insecurity
Kaduna residents now skip meals due to the rising cost of foodstuff in the market. Many residents who spoke to reporters in Kaduna, on Sunday lamented the high increase in the price of foodstuff, ingredients and basic necessities. A resident of Narayi community in Kaduna, Mr James Madaki said before now, he had three square … Continue reading Nigerians skip meals as food prices soar
The Governors of the 36 states have accused the President Muhammadu Buhari-led government of failing to address the security challenges crippling economic activities in Nigeria. The governors, under the auspice of the Nigeria Governors’ Forum (NGF), said the rising level of poverty was a consequence of rampant insecurity in commercial and agricultural activities. They also … Continue reading Nigerian governors blame the government for impoverishing the masses
President Joe Biden and his Republican opponents have traded accusations over the handling of the US economy under his administration. With inflation rising and stock markets on a downward trend for most of this year, Republicans have talked of "Joe Biden's recession". Mr Biden has countered that there's been good job growth and low unemployment, … Continue reading Has the US economy improved under Biden?
Photo by Krisztina Papp on Pexels.com Graduates from the world's top 50 highest-ranked universities will soon be able to work in the United Kingdom without a job offer. The UK government's new High Potential Individual visa was launched on Monday, inviting applications from graduates out of those institutions listed on the Times Higher Education world … Continue reading UK introduces new visa policy to attract global talent
Humanity's unbridled growth in recent decades has come at a "devastating cost to nature" according a wide-ranging international review on the vital economic role played by our living planet. The 600-page rundown of scientific material commissioned by the British government highlighted the precarious state of global biodiversity and warned that nothing short of a sea … Continue reading Economic growth is destroying nature and humanity, survey finds
The United Kingdom sees numerous opportunities in Africa and considers the continent an economic lifeline in post-Brexit era. British Prime Minister Boris Johnson and Prince Harry touted the U.K. as an ideal business partner for Africa on Monday as their country prepares for post-Brexit dealings with the world. But Britain faces tough challenges as it … Continue reading UK to exploit Africa’s fast-growing economies for post-Brexit survival
Global demand for African oil and precious metals has fueled a continental surge in exports, helping some of the world’s poorest countries rebound from the 2009 economic shock. African countries also stand to benefit from trade deals with donors and development agencies. Seeking to boost "south-south" trade, the Asian Development Bank (ADB) and its African … Continue reading Identifying Africa’s economic strength within the continent
THE ROLE OF NIGERIAN GOVERNMENT IN DEVELOPING SMALL AND MEDIUM SCALE ENTERPRISES The government of Nigeria has an obligation to create a conducive environment that stimulates growth of the real sector through infrastructure development, enactment and implementation of result-oriented economic policies, increased budgetary allocations to productive sectors, and establishment of responsive production and trade control … Continue reading The role of Nigerian government in developing SMEs
The outcome document of the United Nations Conference on Sustainable Development provides guidance for achieving the transition to sustainable development as a means of increasing the well-being of current and future generations in all countries. Sustainable development strategies need to be inclusive and take special care of the needs of the poorest and most vulnerable. Strategies need to … Continue reading Africa needs inclusive strategies and technology innovation to achieve economic development
The Chief Investment Officer at Sigma Pension, Pabina Yinkere, has predicted a 2.3 per cent Gross Domestic Product (GDP) for Nigeria in 2019, adding that the Naira will probably come under pressure for some reasons. He stated this in Sigma Pensions' "Nigeria 2019 Outlook: Election Downtime--tight monetary policy, drive subdued growth outlook," made available … Continue reading Nigerians should expect a weaker Naira in 2019
You must be logged in to post a comment.