Economic

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Sahara Group lauds UNDP’s ‘Africa’s Money for African Development’ Agenda

Sahara Group lauds UNDP’s ‘Africa’s Money for African Development’ Agenda

Africa’s huge economic growth potential can be harnessed through robust intra-African trade, collaboration and a firm resolve to pursue shared goals, Temitope Shonubi, Executive Director, Sahara Group has said. Speaking yesterday at the United Nations Development Programme (UNDP) “High Level Dialogue” in Accra, themed “Africa’s Money for African Development, a Future Beyond Aid”, Shonubi said […]

Border Closure: We need Nigeria more than they need us ― Ghana’s Minister

Border Closure: We need Nigeria more than they need us ― Ghana’s Minister

By Rasheed Sobowale The Ghanaian deputy minister of Trade and Industry, Carlos Ahenkorah in a report has said that Ghana’s Trade and Economics needs Nigeria more than Nigeria needs Ghana for its economic survival. This was in response to the declaration of Ghana’s Trade Union to boycott Nigeria’s products in retaliation to the action of […]

Economic transformation: We’ll take hard decisions in Oyo — Makinde

Economic transformation: We’ll take hard decisions in Oyo — Makinde

Receives reports of committees on contract review, wrongful dismissal of civil servants, others Says Govs shouldn’t be caged by crave for second term Oyo State Governor, Engineer Seyi Makinde, on Wednesday, said that his administration will not shy away from taking hard decisions in order to set the State on a trajectory of sustainable development. […]

Economic and institutional restructuring for the next Nigeria

Economic and institutional restructuring for the next Nigeria

We have not come to read the Book of Lamentations about Nigeria’s woes, nor to sing the songs of David. We see the half-empty glass, but we prefer to focus on the half-full glass. We want to focus on the future—rather than the past or the present. As mentioned above, we are asked to speak on “The Economic Restructuring of Nigeria”—an omnibus topic indeed! Since the First National Development Plan (1962- 68), transformation of the economic structure/diversification has been the fulcrum of all national plans. For decades, every government has tried its brand of ‘economic restructuring’ or economic diversification and yet the economy remains tied to the life-support of oil, peasant agriculture and largely informal services sector. Income inequality, poverty, and unemployment remain major defining features of the economy.