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: Uko Ebenezer Digitalization has the potential to transform various sectors by creating a safe environment, facilitating seamless procedures, and generating job opportunities. In Nigeria, the motivation of young people, driven by their expertise in digital technology, has led to the development of innovative products and services aimed at fostering industrialization and a robust export-driven […]
Image source: pexels.com Author: Daniel Abioye The launch and expansion of digital financial services have led to an unprecedented surge in the number of people gaining access to formal financial services. The African financial services sector has witnessed a massive transformation in recent years, leading to the inclusion of a greater percentage of the unbanked […]
Image source: pexels.com Author: Kabir Sa’id Muhammad Every Nigerian on the street is trying to make it, and the chances of making it and living the dream through the everyday traditional hustle don’t seem like an option. A hustler is more like an entrepreneur. Entrepreneurship is a built-in part of Nigerians’ DNA, so to say. […]
Source: pexels.com Author: Muhammad Abdussalam I think about this often, especially when I see people exhibiting this attitude. We are a society woven with a strong communal fabric–which is indeed commendable. In Nigeria and Africa at large, life is enormously communal. Kids are raised not only by their parents but also by the community because […]
Author: Adewole Itunu Pamilerin The mass production of clothing began roughly in the mid-nineteenth century when some manufacturers started producing garments that did not require fitting. However, fashion did not become an established industry until the twentieth century, when networks of neighborhood tailors evolved into manufacturing businesses. Factories grew from necessity during the world wars, […]
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: Victoria Amarachi Okoronkwo | vickymarco15@gmail.com Nigeria is a nation that is said to be “flowing with milk and honey” because it is rich in natural resources yet suffers greatly from the “resource curse.” The “resource curse” refers to the predicament of many African nations that are rich in natural resources yet unable to ensure […]
Author: James Ndukwe | Jamesndukwe99@gmail.com Governance is a complex topic that affects politics, economy, and institutions. The indicators with the most significant economic implications include corruption (abuse of public office for private gain), government effectiveness (quality of public policies and services), regulatory quality (ability of the government to formulate and implement business-friendly policies and regulations), […]