A Poverty Climate Change
Why is poverty persistent in Africa? What happened, that caused much of the rest of the world to speed away from Africa in economic growth and development. Today poverty in Sub Saharan Africa is still near 50 percent after all these years. Consider that in 1960, the population of Sub Saharan Africa was about 222 […]
Global Partnerships are important for Africa
The private sector is now driving to get to the forefront in Africa’s development. According to the African Development Bank, Africa’s private sector, in addition to fueling economic growth through investment and job creation over the past few decades, is also embarking on investments and innovations to tackle development challenges, such as health, education, nutrition […]
The Agricultural Solution to Rural Development
Certainly agriculture and agricultural processing can speed rural development and create jobs for a better livelihood for rural people. It can also help to reverse the so far inexorable rural-urban migration that is proved too burdensome for urban areas and policy makers Unfortunately, in Nigeria agriculture has failed to grow in spite of the rhetoric […]
Nigeria’s Public Debt Growth Rate Diminishes in the last 4 years
Despite the Nigerian government’s attitude to go after loans from China and other parts of the world, recent data published by the Debt Management Office (DMO) in Nigeria show that Nigeria’s debt, after hitting its highest growth rate since 2012 has decelerated significantly. Nigeria’s total debt stock stood at $86.4 billion as of December 31, […]
Will all Nigerians be vaccinated before 2023
Three companies have taken their vaccines beyond clinical test to the point of public use. The cost of vaccines as they are sold in rocket countries may be prohibitive for Africans. The Minister of Health, Dr. Osagie Ehanire had said in December 2020 that Nigeria will need $1.05 billion (N400 billion) to Vaccinate 70% of […]
Afrigo: Nigeria’s National Domestic Card Payment Scheme
The introduction of Afrigo, which is a collaborative effort of the Central Bank of Nigeria and the Nigerian Inter-Bank Settlement Systems (NIBSS) is another step in the CBN’s cashless policy drive. According to the CBN Governor, Mr. Godwin Emiefele, Afrigo is a complement to international card schemes like Mastercard and Visa which have foreign exchange […]