economic growth
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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 university rankings, Quacquarelli Symonds world university…
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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…
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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…
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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…
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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…
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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…
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“Must do better” was the IMF’s recent verdict on the Nigerian banking system. Many reforms were “highly commendable”, it said, but more still needs to be done to strengthen the central bank’s oversight. Image: Alex Otti Dr Alex Otti, CEO of Nigeria’s Diamond Bank, discusses the challenges for Nigeria’s banking sector, the impact of the country’s dependence…
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SMEs, AGRICULTURE AND ECONOMIC GROWTH Before the oil boom, agriculture was a major National Income (NI) earner through cash crops such as rubber, palm produce, cocoa and groundnuts. According to Adeyemi & Abiodun (2014), the agricultural sector thrives on SMEs. The two sectors offer over 90% of total jobs in Nigeria, contribute immensely to…
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Image: Donald J. Trump giving a speech at a rally in New York. “We are in the middle of the single worst ‘recovery’ since the Great Depression. Economic growth is at 1.2 percent – the third straight quarter of less than 2 percent growth. Many workers today are earning less than they did in 1970,…
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