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: 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 […]
“Gross Domestic Product does not account for the health of our children, the quality of their education, or the joy of their play, in short, it measures everything except that which makes life worthwhile.” (Robert F Kesnnedy, 1968). This thought-provoking quote sets the stage, prompting us to question whether GDP truly captures the essence of […]
Photo credit: BBC News Pigin Author: Chiahanam Nwobodo The legendary icon Nelson Mandela delivered his inauguration speech in front of the Union buildings in Pretoria, South Africa, following his election as president in 1994. Throughout his speech, Nelson Mandela outlined his vision for a South Africa in which all people are treated with respect and […]
Author: Aduaka Chinweokwu Judith The fluctuating Nigerian exchange rate has persistently posed a significant challenge for many years, perpetually depicting the Nigerian Naira as relatively weak compared to other global currencies. In this essay, the focus is on elucidating the adverse effects of this currency fluctuation on multinational corporations operating in Nigeria. MULTINATIONAL CORPORATIONS IN NIGERIA […]
Lagos, Nigeria: Spiegel Often referred to as the “Giant of Africa,” Nigeria has always presented opportunities for investors. With its vast natural resources, growing population, and strategic location, the country has attracted both domestic and foreign investors seeking to capitalize on its potential. However, in recent years, there has been a noticeable trend of investors […]
African Immigrants at the airport: (AI-Generated) When China’s one-child policy was first announced in 1979, it was with full knowledge of the future that the conditions that necessitated the policy would be ephemeral. It is ubiquitous knowledge that population growth increases density and, together with rural-urban migration, this creates higher urban agglomeration which is […]