Nigeria’s recession is causing hardship. Oluwasegun Olakoyenikan, 22, a Correspondent from Benin City, Nigeria, explains how a drop in oil prices hurts national revenue and leaves public servants without pay. “Four days ago, it clocked six months since I received my last pay from the government of this state. Nevertheless, I will still have to resume …
An invasion threatens food crops and the agricultural economy of Zambia and Zimbabwe, writes McPherlain Chungu, 21, a Correspondent from Zambia now studying in India, who says that food security could be at stake. “Uno mwaka tulefwa kunsala!”(This year we will die of hunger) laments Mrs. Chilekwa as she glances at her struggling maize crop, …
One reason for economic slow down is the decline of money in the hands of consumers, writes Samasi Anderson, 20, a Correspondent from Bayelsa State in Nigeria, while at the same time money is concentrated in other hands. Money at the disposal of an investor is mobile in the global economy, he writes. When the income of …
Nigeria has been experiencing its first recession in 20 years. Jonathan Ugiagbe, a Commonwealth Correspondent alumni from Benin in Nigeria, examines the prospects for a recovery and some of the ways to achieve the turn around. An improved economy would be driven by policies aimed at boosting produçtivity, improved budgetary allocation to capital expenditure, and …
Triggering Brexit could mean triggering another headache for those looking for housing in the crowded London market. Mary Adeyi, 24, a Commonwealth Correspondent in London, UK, writes that a report from the mayor points to a construction industry that relies on European labour. London Mayor Sadiq Khan has warned that a “Hard Brexit” would “cripple” house …
Some believe that the cause of economic contraction in an economy is negative economic shock such as war or drought, writes Samasi Anderson, 20, a Correspondent from Bayelsa State in Nigeria, who argues the cause can also be related to inadequate management of production and markets. Adequate management of an economy is conscientious of economic history …
India took a major step in tax reform with introduction of the long-planned GST. Shiboni D’Souza, 23, a Correspondent from Bangalore in India, writes that the reform was based on cooperation and predicts it will bring overall benefit. India implemented the Goods and Services Tax on July 1, seventeen years after the reform was first proposed. Historically, …
Ope Adetayo, 18, a Correspondent from Lagos, Nigeria, offers a vision for progress and innovation in Africa. The world is at a time where technological developments have offered a different complexion to human existence. It’s a time where nothing is impossible, a time where there is a concrete possibility of human colonization on Mars. The …
“It’s time for Africa to begin its journey to Mars” Read More »
The state of the Russian economy depends on the role of its exports – especially oil, writes Enitan Damilola Temidayo, 23, a Correspondent from Nigeria now studying in Moscow, as he looks at the impact of low world oil prices and economic sanctions. Economic growth between 1999 and 2008 was strongly influenced by the continuous uptrend …
Public transportation in the crowded city of Dhaka puts women at a disadvantage and in potential risk. Abdullah Al Hasan, 26, a Commonwealth Correspondent from Dhaka in Bangladesh, has suggestions for remedies. It’s nothing new that Bangladesh is a densely populated country. Being its capital, Dhaka has to house almost the whole educated community. Predictably, …