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Nigeria should also actively take advantage of the massive youth population and severe as an incubator for manpower, industry and technology development. It was also suggested that the government should strengthen policies and programs which are aimed at actively managing human capital migration from Nigeria by interacting with foreign partners.
This article presents two lists of Nigerian states by Human Development Index (HDI), including the Federal Capital Territory. The first list from the Radboud University Nijmegen ranks the states by the international HDI-methology. The second list ranks the states by an own methology from the United Nations Development Programme.
The Summit is a yearly gathering of high-level public and private sector leaders in Abuja, the nation’s capital, for dialogue on Nigeria’s economic management. It brings together chief executives and top-level decision-makers from the private sector and the highest level policymaking officials from the public sector to discuss how best to ...
Female empowerment in Nigeria is an economic process that involves empowering Nigerian women as a poverty reduction measure. [1] [2] Empowerment is the development of women in terms of politics, social and economic strength in nation development. It is also a way of reducing women's vulnerability and dependency in all spheres of life.
Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
While Nigeria's forests make a substantial contribution to the GDP, diligent policies to regulate human activities within forests and preserve this valuable resource are lacking. This disconnect between fiscal policies and the value of forest resources, coupled with inadequate incentives for alternatives, leads to issues like high fossil fuel ...
The World Bank has been working with Nigeria to reduce the high rate of poverty, create better human capital, diversify the country's revenue through non-oil sectors, and help with economic management. Up until 2004, the World Bank was slow to release funds and most projects were relatively going slow and have proved unsatisfactory.