As countries prepare to celebrate Christmas, Kelechukwu Iruoma, 23, a Correspondent from Lagos in Nigeria, writes that economic hardship is taking the joy out of the season in Nigeria. But as prices skyrocket and unemployment increases, a conference tells youths that creativity can be the solution to the nation’s recession. Some entrepreneurs have admonished Nigerians to stop …
Showing Results For:
Tag: recession
Page 1 of 1
Previous
Page of
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 …
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 …