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The New, the Many, the Connected and the world of FROG, GEOpolity and JAZZ: Revisiting Global Development Scenario in the SDGs Era

People's Parliament

ACTING Chief Economist for African Development Bank, Prof Steve Kayizzi Mugerwa has said that Nigeria and other African countries should address the high rate of youth unemployment by moving from agrarian to industry-based economies to foster job creation and poverty alleviation.



Nigeria, others should move from agrarian to industrial-based economies

Why Nigeria is the Next Economic Power – Nigeria is Africa’s largest economy. With a population of 177 million people whose incomes and opportunities are rising, it is poised to be one of the world’s 20 largest economies within the next decade. This economic assent is powered by an average growth rate of 6.4% over the past five years, one of the fastest in the world.



Why Nigeria is the Next Economic Power

Developing the solid minerals sector  in Nigeria  –  President Muhammadu Buhari recently charged senior officials of the Ministry of Mines and Steel to reverse the current underutilisation of the nation’s solid mineral resources. The ministry officials, who were in Aso Rock as part of the on-going briefing of the President by the Ministries, Departments and Agencies (MDAs) of government, were told to change the situation in which the exploitation of solid minerals was mostly in the hands of illegal operators.



Developing the solid minerals sector

Nigeria says too much boom time oil savings spent on state governors –  By Camillus Eboh and Julia Payne  – Reuters. ABUJA (Reuters) – Nigeria’s finance minister said on Thursday that a significant portion of the billions of dollars drained from the oil savings account over the past two years was distributed to powerful governors instead of being saved for a rainy day.

Nigeria says too much boom time oil savings spent on state governors

Sustainable Development: $100bn? A drop in the ocean, says environment minister Amina Mohammed  –  Nigeria’s new environment minister, Amina Mohammed, was hailed this month as one of the world’s leading female “climate warriors” in the fight against global warming in a Vogue magazine photoshoot. She could, however, be forgiven for feeling a little battle-weary.



Sustainable Development: $100bn? A drop in the ocean, says environment minister Amina Mohammed

Power generation drops to record 1,580MW in Nigeria – The Transmission Company of Nigeria (TCN) yesterday confirmed that the power generation level has dropped to an all-time low of 1,580 Mega Watts (MW), thereby dampening hopes of early resolution of the nation’s power supply crisis.

Power generation drops to record 1,580MW in Nigeria

GDP is no longer an accurate measure of economic progress. Here’s why – By Pushpam Kumar, Chief, Ecosystem Services Economics Unit

GDP is no longer an accurate measure of economic progress. Here’s why

Resources

Aid effectiveness: bringing country ownership (and politics) back in –  The 2005 Paris Declaration grew out of a consensus on the importance of ‘country ownership’ to the success of development

Aid Effectiveness: Bringing Country Ownership (And Politics) Back In

The politics of tribalism in Nigeria has contributed to its enduring fragile democracy. The article explains the basis and origin of the phenomenon and offers some advice on ways forward.

The Nigerian Politics of Tribalism

Boko Haram violence keeping a million children out of school, says Unicef – The Boko Haram insurgency has kept more than one million children out of school, according to the UN children’s agency, highlighting fears that a lack of education will fuel further radicalism in and around Nigeria.

Boko Haram violence keeping a million children out of school

Set up economic revival team, MAN tells FG  – The Manufacturers Association of Nigeria has urged the government to set up a committee consisting of tested technocrats and stakeholders who will formulate policies and blueprints targeted at getting the economy back on track.

Set up economic revival team, MAN tells FG

Nigeria elections: Buhari scores historic win This is a hugely significant moment in Nigeria’s turbulent history. Never before has a sitting president been defeated in an election. Since independence from Britain in 1960, there have been numerous coups and although the 2011 vote was an improvement, most elections have been rigged or even annulled by the military.

Nigeria elections: Buhari scores historic win

Social analysts note that some dissenting voices greeted the decision of President Goodluck Jonathan’s administration to remove part of the subsidy paid on petrol and pool the accruing funds to finance the country’s social and infrastructural development.

Enhancing education development via Graduate Internship Scheme

Why I won’t form cabinet until September -Buhari –  In his article titled, ‘Nigeria committed to good governance and fighting terror’, published by the Washington Post ahead of his historic meeting with President Barack Obama of United States, President Muhammadu Buhari on Monday declared it would neither be prudent nor serve the interests of sound government for him to have formed his cabinet immediately he was inaugurated on May 29.



Why I won’t form cabinet until September -Buhari

As a Nigerian in the Diaspora I would love to go back after I finish my education to pursue my own dreams but realistically we are faced with obstacles that cause many diasporans to become reluctant to return back to Africa to start up a business. Here are my reasons why…

Nigeria in Diaspora

Tackling Africa’s Paradox of Growth Without Development

Speculators Get Their Fingers Burnt, Naira Strengthens to N310/$ – by Obinna Chima and Eromosele Abiodun

Foreign currency speculators, who launched an unprecedented attack against the naira in the last two weeks, got their fingers burnt on Tuesday when the nation’s currency staged a major recovery, rising to N310 to a dollar at the close of business, compared to N375 at which it sold on Monday.

Speculators Get their Fingers Burnt, Naira Strengthens to N310/$

Nigeria has devalued the naira, saying a drop in oil prices had made it hard to defend its currency. The country’s bank central bank also raised interest rates from 12% to 13% in a bid to stem foreign reserve loses.

Nigeria devalues naira and raises rates after oil price slide

Not many Nigerians were stunned recently when revelations came to light that a cartel in the federal civil service made up of senior officers, as well as others from the ranks, tagged ‘budget mafia’ had smuggled items into the budget proposal submitted to President Muhammadu Buhari amounting to about N1.7 trillion.