Poverty Eradication

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, […]

The Complex Story of African Poverty

World Bank statistics show that about 48.5% of the population of sub-Saharan Africa lives in poverty. Those living on less than $1.25 per day account for around 40 percent. In Nigeria, for example, in attempt to end poverty, various programs have been implemented at various times in the past four decades or so. These have […]

How Africa Can Lift Millions Out of Poverty

As we have seen poverty is the biggest challenge facing Africa. Even so, two major countries China and India have effectively lifted hundreds of millions out of poverty in the last 10 to 30 years. According to “The Borgen Project” China has risen from being categorized as a developing country in the 1970s and 1980s […]

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 […]

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 […]

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 […]

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