Category: Poverty Alleviation
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World Bank: Nigeria Retains Its Position as Africa’s Largest Economy
Nigeria continues to hold its position as Africa’s largest economy, reaffirmed by the latest World Bank report. Despite facing inflation, currency fluctuations, and investment hurdles, the country’s vast population, resource wealth, and booming digital economy provide a strong foundation for growth. Foreign investments, particularly in telecommunications and infrastructure, are driving…
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Kenya Protest 2024: A Turning Point for Fiscal Policy and Civic Engagement
Kenya’s 2024 protests, centered around the controversial Finance Bill, have drawn international attention due to their intensity and broad socio-economic implications. The protests were sparked by the Kenyan government’s proposal of the Finance Bill 2024, which included significant tax hikes aimed at increasing the tax-to-GDP ratio from 13.5% to 20%…
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Nigeria at a Crossroads: Subsidy and Exchange Rate
Nigeria’s new president, Bola Tinubu, has made bold moves by scrapping the fuel subsidy and unifying the exchange rates. These policies, while applauded by some economists, have sparked heated debate across the nation. So, is Nigeria on the right track? Should citizens simply trust the government and endure the short-term…
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Communism: Utopia or Dystopia?
Communism, a socio-economic system aiming for a classless society with common ownership, has sparked fiery debates throughout history. While some hail it as a path to equality and social justice, others condemn it for its authoritarian tendencies and economic shortcomings. So, what exactly is communism, and why has it caused…
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Zimbabwe’s Currency: History and Uncertain Future
Imagine prices doubling or tripling within hours. That’s the grim reality Zimbabwe faced in 2008, a country grappling with the world’s highest hyperinflation (a staggering 79 billion percent!) and a collapsing currency. But how did this once-promising nation end up with a seemingly worthless piece of paper in its wallet?…
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Why Do Interest Rates Go Up When Prices Do?
Central banks, like the US Federal Reserve, aim to maintain stable prices and employment. When inflation rises, they raise interest rates to reduce borrowing and spending, curbing inflation. However, this can also slow economic growth and lead to higher unemployment. It’s a delicate balance, but crucial for a healthy economy.
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Security versus Economy: A Nation’s Tightrope Walk
In the eternal debate between security and economy, finding a balance is crucial. Prioritizing security ensures stability and protection, but neglecting the economy can lead to poverty and unrest. Historical examples emphasize the need for a nuanced approach. Ultimately, sustaining a nation’s progress requires balancing both aspects with agility and…
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Ghana’s Economic Challenges: IMF Loans and Oil Discoveries
Ghana, a lower-middle-income country with a population of over 32 million people, is often heralded as one of the fastest-growing economies in Africa. However, this narrative is tempered by a series of economic challenges that the nation faces. In this article, we will delve into the key issues confronting Ghana’s…
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Nigerian Modular Refineries: Game-Changers for Oil and Gas
Nigeria, often referred to as the “Giant of Africa,” is a nation with vast oil reserves. However, this valuable resource has long been marred by issues of oil theft, pipeline vandalism, and a lack of refining capacity. In recent years, Nigeria has been exploring the potential of modular refineries as…
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Single Parenthood in South Africa: Issues and Effects
In South Africa, single parenthood is on the rise, with black households being particularly affected by this trend. According to the 2019 General Household Survey, a significant 41% of children under the age of 18 live with a single mother. This figure is even higher in black households, where it…
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Who Will Bear the Price for Climate Change?
Climate change is not just an environmental issue; it is a global crisis with far-reaching consequences that touch every aspect of human life. The prize for climate change will not be awarded to a single entity, but rather, it will be a collective burden borne by all of humanity. However,…
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Millennials and Gen Z: Uniting Nigeria’s Future
Nigeria, a country with a rich tapestry of cultures and traditions, has long grappled with challenges that threaten its unity. However, hope shines bright on the horizon in the form of Millennials and Gen Z. These generations, the largest and most diverse in Nigerian history, are poised to play a…
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Foreign-Born Populations in South Africa: Insights from 2022 Census
The 2022 South Africa census released yesterday, revealed a significant and diverse foreign-born population in the country, constituting 3% of the total population. With approximately 2.6 million foreign-born individuals, South Africa stands as a melting pot of cultures, backgrounds, and stories. This article delves into the census data to shed…
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