Written by: Elegbeleye Paul The impact of petroleum prices on African countries has significantly influenced their economic growth or stagnation since the inception of the Organization of the Petroleum Exporting Countries (OPEC) in 1960. Over the years, the price trends of petroleum have been shaped by global events, market demands, and technological advancements. This article […]
Written by: Emmanuel Atogwe Intercontinental trends of urbanization are affecting Africa, with its urban share projected to triple by 2050. This presents challenges such as overdependence on existing infrastructure and housing inadequacies but also opens opportunities for the development of real estate and urbanization. City expansion drives the demand for housing, commercial real estate, and […]
Author: Chioma Alaedu Africa has the youngest population in the world, with over 60% of its population under 25. However, the continent faces a major challenge: unemployment. Some African countries have an unemployment rate of about 40%. From this statistic, addressing this issue is of utmost importance as it can help the continent’s economic growth. […]
Author: Precious Chibuike Ukaegbu | preciouscukaegbu@gmail.com A Case-Study for Sustainable Development Goal 4–Quality Education On the 15th of September 2022, while researching project plans for my social impact idea, I discovered the SDGs: Sustainable Development Goals set by the United Nations. As I meticulously perused each goal, I became interested in goals 1, 4, 5, and […]
Author: Sylvester Elisha Microfinance institutions are crucial in reducing poverty in Sub-Saharan Africa, providing financial services like small loans and insurance to those excluded from traditional banking. They focus on financial inclusion, poverty alleviation, and empowering the underprivileged (Armendariz and Morduch, 2010). These institutions have significantly enhanced access to financial services among the unbanked in […]
Author: Bernard Isaiah Balancing the short-term challenges of macroeconomic stability with policies focused on achieving long-term, inclusive growth is crucial for Kenya. Inclusive growth, characterized by widespread increases in earnings, benefits the overall economy and improves individual well-being. High disposable income translates into higher domestic demand for private sector output, resulting in more jobs, opportunities […]
Author: Adegbaju Adeola Emmanuel | adeola.emmanuel283@gmail.com One significant threat looming over Nigeria is the over-reliance of its economy on oil revenue. With the gradual transition of the world from non-renewable energy to clean energy, one might naturally presume that the government would take the diversification of the economy more seriously, but unfortunately, this is not […]
Author: Goodness Uchechukwu Okuli | maryannokuli15@gmail.com Africa is replete with a superfluous deposit of natural resources. An estimated 12 percent of global oil reserves; 40 percent of global gold, chromium and platinum reserves; 30 percent of the world’s mineral resources; and 8 percent of all natural gas reserves are found in Africa. Notwithstanding, our continent […]
Author: Yaku Blessing Ebiere | yakublessingebiere20@gmail.com Ngeria ranks ninth globally among countries with the highest contributions to plastic pollution with about 2.5 million tonnes of plastic waste annually. Unfortunately, over 88% of the plastic waste generated in Nigeria is not recycled. Instead, much of it ends up in water bodies – rivers, lakes, drains, lagoons […]
Author: OYENUGA, Olamide Habibat | oyenugaolamide3@gmail.com Despite facing numerous economic challenges, the Nigerian people are involved in a vast number of entrepreneurial ventures, both locally and across the continent . These ventures have contributed significantly to the growth of the nation, both economically and socially. Several socioeconomic analysts and commentators have characterized Nigeria as a […]